Fully Occupied 8-Unit
For Sale
$1,150,000
17 Adams St, Easthampton, MA 01027
Fully occupied 8-family property with separate utilities and a detached 3-bay garage on a corner lot.
Property Size5,434 SF
Lot Size0.50 Acres
Price / SF$211.63
Days on Market155
Property Features for 17 Adams St
General Information
Standard status
Active
Size
5,434 SF
Total Parking Spaces
15
Lot size
0.50 Acres
Property subtype
Multi-Family
Zoning
R10
Occupancy
100%
Net Operating Income
$65,640
Additional Details
Business Included
Yes
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$13,498
Building Details
Building Size
5,434 SF
Year Built
1885
Stories
5
Tenancy
Multi
Listing Agency:
Kempf-Vanderburgh Realty Consultants, Inc.
(413) 200-2353
Listed By:
Maria Liccardi · License #009540784
(413) 281-2835
Source:
Churchillprop
Added: May 20
Changed: Oct 6
Last Checked: Oct 20 at 6:06PM
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 Kempf-Vanderburgh Realty Consultants, Inc.
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Investment Insights
Based on property information with market context.
This income-producing 8-family home is fully occupied and supported by individual systems, with separate heat, hot water, and electricity for the apartments. The property also includes a detached 3-bay garage, and all three garage bays are rented, providing additional income.
Set on an almost half-acre corner lot, the building is complemented by plenty of off-street parking. The property is in a convenient Easthampton area close to shops and restaurants, with easy access to local attractions.
The arrangement of separate utilities for each unit, combined with dedicated garage revenue, supports straightforward day-to-day occupancy and tenant separation.
Set on an almost half-acre corner lot, the building is complemented by plenty of off-street parking. The property is in a convenient Easthampton area close to shops and restaurants, with easy access to local attractions.
The arrangement of separate utilities for each unit, combined with dedicated garage revenue, supports straightforward day-to-day occupancy and tenant separation.
Key Highlights
- Fully occupied 8‑family home built in 1885
- Detached 3‑bay garage with all 3 bays rented for additional income
- Almost half‑acre corner lot with plenty of off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,775
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,500
$1.4M
Cap Rate 7%
$1,025,357
$1.0M
Cap Rate 9%
$797,500
$797.5K
Market Conditions
NOI Build-Up for 5,434 SF
Gross rent
$136.9K $25.20/SF
− Vacancy
−$6.4K −$1.18/SF
EGI
$130.5K $24.02/SF
− OpEx
−$58.7K −$10.81/SF
NOI
$71.8K $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%
$1,435,500
Cap Rate 7%
$1,025,357
Cap Rate 9%
$797,500
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$897.2K – $1.20M
NOI $71,775 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.31M
$2.90M – $3.86M
NOI $231,645 @ 7.0% cap · market cap 20.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
Explore this area
Business Placement
Demographics for 01027, MA
17,896
Population
9,221
Households
1.9
Avg Household Size
46
Median Age
41%
College-Educated
93%
High-School Grad
40.6 sq mi
ZIP Area
441
Density / Sq Mi
$73,657
Median Household Income
$45,652
Median Earnings
$1,195
Median Rent
$348,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied 8-family property with separate utilities and a detached 3-bay garage on a corner lot.
Where is this apartment building located?
The property is located at 17 Adams St Easthampton, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Fully occupied 8‑family home built in 1885; Detached 3‑bay garage with all 3 bays rented for additional income; Almost half‑acre corner lot with plenty of off‑street parking
