15 Main Street, Hatfield, MA 01038

Building Details

Year Built 1772 More

Listing Agency: Keller Williams Realty

Listed By: Tanya Harvey Group Show Phone

Source: Foster-healey

Added: Sep 6 Changed: Nov 5 Last Checked: Nov 6 at 10:43AM

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Investment Insights

Based on property information with market context.

This 4,142-square-foot triplex, built in 1772, contains three distinct units with one to three bedrooms, eat-in kitchens, generous living areas, and individual washer/dryer hookups. The farmhouse retains wood floors, original trim, a central foyer, and other period details alongside updates to portions of the roof, electrical, and plumbing systems. A new energy-on-demand furnace serves the property. Additional interior features include a cement-floor basement and a loft above the attached one-car garage.

Set on 12+ acres of farmland, the property includes two barns, three garage spaces, mature landscaping, and ample parking. The outbuildings and garage areas provide substantial room for storage, equipment, or workshop use. The address is 15 Main Street in Hatfield, Massachusetts.

Key Highlights

• Three‑unit property with 1- to 3‑bedroom units
• 12+ acres of farmland at 15 Main Street, Hatfield, MA 01038
• Two barns plus three garage spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,710

Cap Rate

8.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,094,200 $1.1M

Cap Rate 7%

$781,571 $781.6K

Cap Rate 9%

$607,889 $607.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,142 SF

Gross rent

$104.4K $25.20/SF

− Vacancy

−$4.9K −$1.18/SF

EGI

$99.5K $24.02/SF

− OpEx

−$44.8K −$10.81/SF

NOI

$54.7K $13.21/SF

Area

Hampshire County, MA

Vacancy

4.70%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,094,200

Cap Rate 7%

$781,571

Cap Rate 9%

$607,889

Alternative Uses

Best Use

Multifamily LT 5

$854.8K

$747.9K – $997.2K (±1% cap)

NOI $59,834 @ 7.0% cap · market cap 9.21%

Second Best

Apartment 5plus

$781.6K

$683.9K – $911.8K (±1% cap)

NOI $54,710 @ 7.0% cap · market cap 8.42%

Theoretical Best

Office A

$2.52M

$2.21M – $2.94M (±1% cap)

NOI $176,568 @ 7.0% cap · market cap 27.16%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Law Firm Storage Facility Restaurant Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

102

Businesses Nearby

Explore this area Business Placement

Demographics for 01038, MA

2,522

Population

1,119

Households

2.3

Avg Household Size

53

Median Age

56%

College-Educated

97%

High-School Grad

9.2 sq mi

ZIP Area

274

Density / Sq Mi

$112,083

Median Household Income

$56,576

Median Earnings

$1,458

Median Rent

$450,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three separate units, individual laundry hookups, barns, and garage space support flexible residential use.

Where is this triplex located?

The property is located at 15 Main Street Hatfield, MA.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Three‑unit property with 1- to 3‑bedroom units; 12+ acres of farmland at 15 Main Street, Hatfield, MA 01038; Two barns plus three garage spaces