Three-Unit Farmhouse with
For Sale
$650,000
15 Main St, Hatfield, MA 01038
Residential Income, Hatfield, MA
Property Size4,142 SF
Lot Size12.28 Acres
Price / SF$156.93
Days on Market48
Property Features for 15 Main St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
TC
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 3, Bathroom 1
Parking
13
Elementary school
Hatfield Elementary
Middle school
Hatfield
High school
Smith Academy
Directions
Elm St to Maple St to Main St, or use GPS
Standard status
Active
APN
M:0222 B:0119 L:0,3626409
Size
4,142 SF
Lot size
12.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8878
Amenities
barns
Building Details
Year built
1772
Floors in Building
3
Number of units
3
Listing Agency:
Keller Williams Realty
Listed By:
Laura Stevens
(413) 565-5478
Added: Sep 16
Changed: Oct 25
Last Checked: Nov 2 at 4:06PM
MLS# 73578419
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,142-square-foot farmhouse contains three separate apartments, each with washer and dryer hookups. Wood floors, original trim, eat-in kitchens, and a central foyer retain period details. Improvements include a new energy-on-demand furnace and partial updates to the roof, electrical, and plumbing systems. A loft above the attached garage provides additional storage, and two barns offer space for equipment or storage.
The property encompasses 12.28 acres in Hatfield and is zoned TC. Built in 1772, the farmhouse is part of a former tobacco farm. Buyers should confirm suitability and approvals for any intended use.
The property encompasses 12.28 acres in Hatfield and is zoned TC. Built in 1772, the farmhouse is part of a former tobacco farm. Buyers should confirm suitability and approvals for any intended use.
Key Highlights
- 12.28 acres in Hatfield, MA
- Three separate apartments, each with washer/dryer hookups
- 4,142 square feet; built in 1772
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
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
NOI $59,834 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$781.6K
$683.9K – $911.8K
NOI $54,710 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,568 @ 7.0% cap · market cap 27.16%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A three-apartment residence sits amid substantial acreage and includes two barns for equipment or storage.
Where is this triplex located?
The property is located at 15 Main St 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: 12.28 acres in Hatfield, MA; Three separate apartments, each with washer/dryer hookups; 4,142 square feet; built in 1772
