Renovated Luxury Duplex with
For Sale
$865,000
145-147 Pleasant St, North Adams, MA 01247
Renovated duplex with two side-by-side residences, private entrances, and a finished lower-level studio apartment.
Property Size3,165 SF
Price / SF$273.30
Days on Market8
Property Features for 145-147 Pleasant St
General Information
Standard status
Active
Size
3,165 SF
Property subtype
MultiFamily
Amenities
private entrances
state-of-the-art kitchens and baths
new laundry facilities
modern heating and air-conditioning systems
two patios
beautifully landscaped gardens
Building Details
Year Built
1870
Tenancy
Multi
Listing Agency:
ALTON & WESTALL REAL ESTATE AGENCY, LLC
(413) 441-9631
Listed By:
Ann Greenwood
(413) 441-9631
Source:
Lockandkeyre
Added: Jul 25
Changed: Jul 31
Last Checked: Aug 1 at 4:54AM
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 ALTON & WESTALL REAL ESTATE AGENCY, LLC
Investment Insights
Based on property information with market context.
Renovated luxury duplex featuring two side-by-side residences with private entrances. The larger unit includes 4 bedrooms and 1.5 baths, while the second unit offers 2 bedrooms and 1.5 baths. Both residences include updated kitchens and baths, new laundry facilities, and modern heating and air-conditioning systems.
A finished lower level adds an open-plan studio with a luxurious bath and a gourmet kitchen, well suited as a guest suite. Outdoor space is highlighted by two patios and landscaped gardens designed to complement the home.
Built in 1870 and thoughtfully renovated down to the studs, the property provides a flexible multi-living layout within minutes of downtown shops, restaurants, and MASS MoCA.
A finished lower level adds an open-plan studio with a luxurious bath and a gourmet kitchen, well suited as a guest suite. Outdoor space is highlighted by two patios and landscaped gardens designed to complement the home.
Built in 1870 and thoughtfully renovated down to the studs, the property provides a flexible multi-living layout within minutes of downtown shops, restaurants, and MASS MoCA.
Key Highlights
- Renovated duplex with two side‑by‑side residences and private entrances
- Larger unit: 4 bedrooms and 1.5 baths
- Second unit: 2 bedrooms and 1.5 baths
Financial Insights For Multifamily LT 5
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 | $68.4k | $21.60 |
| − Vacancy | −$909 | −$0.29 |
| EGI | $67.5k | $21.31 |
| − OpEx | −$20.2k | −$6.39 |
| NOI | $47.2k | $14.92 |
3,165 SF · lease $21.60/SF/yr · vacancy 1.33% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$674.5K
$590.2K – $787.0K
NOI $47,218 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$617.9K
$540.7K – $720.9K
NOI $43,253 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$926.7K
$810.9K – $1.08M
NOI $64,870 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
809
Businesses Nearby
Explore this area
Business Placement
Demographics for 01247, MA
15,147
Population
7,859
Households
1.9
Avg Household Size
44
Median Age
27%
College-Educated
90%
High-School Grad
45.9 sq mi
ZIP Area
330
Density / Sq Mi
$55,544
Median Household Income
$38,145
Median Earnings
$786
Median Rent
$190,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex with two side-by-side residences, private entrances, and a finished lower-level studio apartment.
Where is this duplex located?
The property is located at 145-147 Pleasant St North Adams, MA.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Renovated duplex with two side‑by‑side residences and private entrances; Larger unit: 4 bedrooms and 1.5 baths; Second unit: 2 bedrooms and 1.5 baths
