8-Unit Apartment
14 Highland Ave Pittsfield, MA 01201
14 Highland Ave, Pittsfield, MA, 01201
$1,347,500
For Sale
$1,347,500
Eight-unit multifamily property with central A/C in each unit and separate utilities.
Property Size8,608 SF
Price / SF$156.54
Days on Market55
Property Features for 14 Highland Ave
General Information
- Standard status
- Active
- Size
- 8,608 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2008
Listing agency
STONE HOUSE PROPERTIES, LLC
(413) 822-1008
Listed by
Timothy Gallagher · License #9573698
(413) 822-1008
Source
413realestate
Added: May 29 Updated: Jul 22 at 5:23AM Checked: Jul 22 at 5:23AM
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 STONE HOUSE PROPERTIES, LLC
Investment Insights
Based on property information with market context.
This clean, well-maintained multifamily property features eight total units with separate utilities. Each unit is equipped with central A/C. The building also provides private, dedicated tenant parking.
Located at 14 Highland Ave in Pittsfield, MA, the property is described as a five-minute walk to the lake, with easy access to public transit. The public remarks also note proximity to major hospitals, large employers, and shopping.
The property is offered for sale as an income-focused 8-unit building with tenant parking and utility separation already in place.
Located at 14 Highland Ave in Pittsfield, MA, the property is described as a five-minute walk to the lake, with easy access to public transit. The public remarks also note proximity to major hospitals, large employers, and shopping.
The property is offered for sale as an income-focused 8-unit building with tenant parking and utility separation already in place.
Key Highlights
- 8‑unit multifamily property built in 2008
- Each unit has central A/C
- Units feature separate utilities
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $216.9k | $25.20 |
| − Vacancy | −$3.0k | −$0.35 |
| EGI | $213.9k | $24.85 |
| − OpEx | −$96.2k | −$11.18 |
| NOI | $117.6k | $13.67 |
8,608 SF · lease $25.20/SF/yr · vacancy 1.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.68M
$1.47M – $1.96M
NOI $117,637 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,430 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property with central A/C in each unit and separate utilities.
Where is this apartment building located?
The property is located at 14 Highland Ave Pittsfield, MA.
What is the asking price?
The asking price for this property is $1,347,500.
What are key features of this property?
This property features: 8‑unit multifamily property built in 2008; Each unit has central A/C; Units feature separate utilities
