Two-Family Duplex with Finished
New
For Sale
$499,900
164 Pine Street, Holyoke, MA 01040
The upper residence spans two floors, while the first-floor unit has a designated area for a potential basement stair connection.
Property Size2,155 SF
Price / SF$231.97
Days on Market6
Property Features for 164 Pine Street
General Information
Standard status
Active
Size
2,155 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Amenities
finished basement
large deck
outdoor space
Building Details
Year Built
2024
Stories
3
Listing Agency:
Coldwell Banker Realty - Western MA
Listed By:
The Generation Group
(413) 209-7779
Source:
Gregoryhaughton
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 1 at 5:01AM
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 Coldwell Banker Realty - Western MA
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Investment Insights
Based on property information with market context.
Rebuilt from the foundation up, this two-family duplex was built in 2024. The second unit occupies the second and third floors, and the other residence is on the first floor. Both units have kitchens with oversized islands and mini-split heating and cooling systems. The finished basement includes additional rooms, a bathroom, and two means of egress. A closet area in the first-floor unit is designated for a possible future staircase to the basement, subject to required approvals.
Outdoor features include a large deck and additional outdoor space. The property combines two residential units with finished lower-level rooms and a multi-floor upper residence.
Outdoor features include a large deck and additional outdoor space. The property combines two residential units with finished lower-level rooms and a multi-floor upper residence.
Key Highlights
- Two‑family property rebuilt from the foundation up; year built 2024
- Second unit spans the second and third floors
- Finished basement has additional rooms, a bathroom, and two means of egress
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,226
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,520
$564.5K
Cap Rate 7%
$403,229
$403.2K
Cap Rate 9%
$313,622
$313.6K
Market Conditions
NOI Build-Up for 2,155 SF
Gross rent
$42.7K $19.80/SF
− Vacancy
−$2.3K −$1.09/SF
EGI
$40.3K $18.71/SF
− OpEx
−$12.1K −$5.61/SF
NOI
$28.2K $13.10/SF
Area
Hampden County, MA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,520
Cap Rate 7%
$403,229
Cap Rate 9%
$313,622
Alternative Uses
Best Use
Multifamily LT 5
$403.2K
$352.8K – $470.4K
NOI $28,226 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$373.7K
$327.0K – $436.0K
NOI $26,158 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,972 @ 7.0% cap · market cap 18.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,299
Businesses Nearby
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Business Placement
Demographics for 01040, MA
38,238
Population
17,057
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
79%
High-School Grad
21.2 sq mi
ZIP Area
1,804
Density / Sq Mi
$51,892
Median Household Income
$41,801
Median Earnings
$1,016
Median Rent
$255,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The upper residence spans two floors, while the first-floor unit has a designated area for a potential basement stair connection.
Where is this duplex located?
The property is located at 164 Pine Street Holyoke, MA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑family property rebuilt from the foundation up; year built 2024; Second unit spans the second and third floors; Finished basement has additional rooms, a bathroom, and two means of egress
