Updated Two-Family
16 Washington Ave, Holyoke, MA 01040
Two-unit property with updated interiors, off-street parking, and garage.
Type:Investment
Property size:
2,000 SFPrice / SF:
$224/SF- Added:
- Apr 15, 2026
- Days on Market:
- 49
- Last Refresh:
- Apr 3 at 5:18 pm
Property Features for 16 Washington Ave
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1880
Listing agent Sullymar Andujar License #9571711 (413) 523-5664
Listing office Gallagher Real Estate (413) 523-5664
Listing date Apr 15, 2026
Source Elliman
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 Gallagher Real Estate
HighLights
- Fully updated 2‑family property ideal for investors or owner‑occupants.
- Two units with a total of 5 bedrooms and 3 full baths, offering over 2,000 sq ft of living space.
- Second unit features a finished attic with a private bathroom, perfect for a third bedroom or flexible living space.
- Separate gas and electric meters for each unit.
- Includes off‑street parking, a paved driveway, and a 2‑car garage.
- Convenient location near local amenities, shopping, schools, and major routes.
Overview
This updated two-family property presents an opportunity for investors or owner-occupants. The building contains two units, offering a total of 5 bedrooms and 3 full baths across more than 2,000 square feet of living space. Each unit has separate gas and electric meters. The first unit features 2 bedrooms and 1 bath. The second unit includes 3 bedrooms and 2 full baths, with the third bedroom situated in a finished attic complete with a private bathroom. Both units are equipped with washer and dryer hookups. Additional features include off-street parking, a paved driveway, and a 2-car garage. The property is located near local amenities, shopping, schools, and major routes. The bike score is 47, indicating it is somewhat bikeable. The walk score is 60, indicating it is somewhat walkable. The transit score is 47, indicating some transit options are available.
Local 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 | $39.6k | $19.80 |
| − Vacancy | −$2.2k | −$1.09 |
| EGI | $37.4k | $18.71 |
| − OpEx | −$11.2k | −$5.61 |
| NOI | $26.2k | $13.10 |
2,000 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$374.2K
$327.4K – $436.6K
NOI $26,195 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$346.8K
$303.5K – $404.6K
NOI $24,276 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,285 @ 7.0% cap · market cap 19.18%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Holyoke
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.6277334
- Latitude
- 42.1933703
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit property with updated interiors, off-street parking, and garage.
Where is this duplex located?
The property is located at 16 Washington Ave Holyoke, MA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Fully updated 2‑family property ideal for investors or owner‑occupants.; Two units with a total of 5 bedrooms and 3 full baths, offering over 2,000 sq ft of living space.; Second unit features a finished attic with a private bathroom, perfect for a third bedroom or flexible living space.
