Multifamily Apartment
162 Woodlawn Avenue Pittsfield, MA 01201
162 Woodlawn Avenue, Pittsfield, MA, 01201
$1,500,000
For Sale
$1,500,000
Two- and one-bedroom plus studio units totaling 8,653 square feet, with 20 off-street parking spaces.
Property Size8,653 SF
Lot Size0.47 Acres
Price / SF$173.35
Days on Market135
Property Features for 162 Woodlawn Avenue
General Information
- Standard status
- Active
- Size
- 8,653 SF
- Lot size
- 0.47 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Horvath & Tremblay
Listed by
Michael Bradley
(413) 527-3375
Source
Taylorrealtors
Added: Mar 9 Updated: Jul 20 at 8:15PM Checked: Jul 21 at 6:34AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
162 Woodlawn Avenue is a multifamily apartment building containing two 2-bedroom/1-bath units, eleven 1-bedroom/1-bath units, and five studio units. The property is set on a 0.47-acre parcel and provides 20 off-street parking spaces. Separately metered electricity is in place, and the landlord is responsible for gas-powered heat and hot water, along with domestic water and sewer.
The building is located within Pittsfield’s Morningside neighborhood, with convenient access to downtown amenities while maintaining a residential setting. The property also offers quick access to U.S. Routes 7 and 20, which provide regional highway connectivity toward the Massachusetts Turnpike (I-90) at Exit 10 in Lee.
With a mix of apartment unit sizes, the property provides a straightforward residential income configuration designed for ongoing tenant occupancy within an established neighborhood setting.
The building is located within Pittsfield’s Morningside neighborhood, with convenient access to downtown amenities while maintaining a residential setting. The property also offers quick access to U.S. Routes 7 and 20, which provide regional highway connectivity toward the Massachusetts Turnpike (I-90) at Exit 10 in Lee.
With a mix of apartment unit sizes, the property provides a straightforward residential income configuration designed for ongoing tenant occupancy within an established neighborhood setting.
Key Highlights
- Two 2‑bedroom/1‑bath units, eleven 1‑bedroom/1‑bath units, and five studio units totaling 18 units.
- 8,653 SF gross living area in 11,653 SF gross area.
- Situated on a 0.47‑acre parcel with 20 off‑street parking spaces.
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 | $218.1k | $25.20 |
| − Vacancy | −$3.1k | −$0.35 |
| EGI | $215.0k | $24.85 |
| − OpEx | −$96.8k | −$11.18 |
| NOI | $118.3k | $13.67 |
8,653 SF · lease $25.20/SF/yr · vacancy 1.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.69M
$1.48M – $1.97M
NOI $118,252 @ 7.0% cap · market cap 7.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.53M
$2.22M – $2.96M
NOI $177,352 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Berkshire Place
Nursing Home
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Two- and one-bedroom plus studio units totaling 8,653 square feet, with 20 off-street parking spaces.
Where is this apartment building located?
The property is located at 162 Woodlawn Avenue Pittsfield, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two 2‑bedroom/1‑bath units, eleven 1‑bedroom/1‑bath units, and five studio units totaling 18 units.; 8,653 SF gross living area in 11,653 SF gross area.; Situated on a 0.47‑acre parcel with 20 off‑street parking spaces.
