Lenox Two-Family Property For
For Sale
$350,000
Pending
137 Housatonic, Lenox, MA 01240
Two-family property near downtown Lenox with recent roof replacement.
Property Size1,708 SF
Days on Market202
Property Features for 137 Housatonic
General Information
Standard status
Pending
Size
1,708 SF
Property subtype
Multi-family
Building Details
Year Built
1890
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES BARNBROOK REALTY
Listed By:
Maureen White Kirkby · License #131083
(413) 446-5634
Source:
Barnbrookrealty
Added: Mar 30
Changed: Oct 16
Last Checked: Oct 16 at 9:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BERKSHIRE HATHAWAY HOMESERVICES BARNBROOK REALTY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-family property is located minutes from downtown Lenox. The first-floor unit features two bedrooms, a spacious living area, and a kitchen. The upstairs unit includes one bedroom, one bathroom, a fireplace, and a back deck. The roof was replaced in 2021. The property utilizes natural gas, town water, and sewer. The property size is 3038 square feet.
Key Highlights
- Two‑family property, ideal for rental income or multi‑generational living.
- Convenient location, minutes from downtown Lenox.
- First floor unit features 2 bedrooms with spacious living area and kitchen.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,481
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,620
$509.6K
Cap Rate 7%
$364,014
$364.0K
Cap Rate 9%
$283,122
$283.1K
Market Conditions
NOI Build-Up for 1,708 SF
Gross rent
$36.9K $21.60/SF
− Vacancy
−$491 −$0.29/SF
EGI
$36.4K $21.31/SF
− OpEx
−$10.9K −$6.39/SF
NOI
$25.5K $14.92/SF
Area
Berkshire County, MA
Vacancy
1.33%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,620
Cap Rate 7%
$364,014
Cap Rate 9%
$283,122
Alternative Uses
Best Use
Multifamily LT 5
$364.0K
$318.5K – $424.7K
NOI $25,481 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$333.4K
$291.8K – $389.0K
NOI $23,341 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$500.1K
$437.6K – $583.5K
NOI $35,007 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Explore this area
Business Placement
Demographics for 01240, MA
4,692
Population
3,029
Households
1.5
Avg Household Size
57
Median Age
52%
College-Educated
95%
High-School Grad
23.9 sq mi
ZIP Area
196
Density / Sq Mi
$99,745
Median Household Income
$43,284
Median Earnings
$1,060
Median Rent
$480,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property near downtown Lenox with recent roof replacement.
Where is this duplex located?
The property is located at 137 Housatonic Lenox, MA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑family property, ideal for rental income or multi‑generational living.; Convenient location, minutes from downtown Lenox.; First floor unit features **2 bedrooms with spacious living area and kitchen.**
