Two-Unit Duplex with
178 Wells Street, Greenfield, MA 01301
For Sale
New
$329,000
Two apartments provide five bedrooms, individual living areas and washer and dryer hookups.
Property Size2,156 SF
Price / SF$152.60
Days on Market7
Property Features for 178 Wells Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
hardwood floors
in-unit washer/dryer hookups
mini-split systems
off-street parking
garage
Building Details
Year Built
Listing Agency:
Coldwell Banker Community REALTORS
Listed By:
Amanda Abramson
(413) 834-2999
Source:
Cbcommunityrealtors
Added: Nov 7
Changed: Nov 12
Last Checked: Nov 12 at 2:20PM
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 Community REALTORS
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Investment Insights
Based on property information with market context.
Built in 1912, this 2,156-square-foot duplex contains two apartments. The first-floor unit has three bedrooms, one full bathroom and a living room; the second-floor unit includes two bedrooms, one full bathroom, a living room and a separate dining room. Hardwood floors and washer and dryer hookups are present in both units, along with mini-split heating and cooling systems.
Recent work includes water heater replacements, electrical improvements and blown-in attic insulation. The property also has off-street parking and a garage.
Recent work includes water heater replacements, electrical improvements and blown-in attic insulation. The property also has off-street parking and a garage.
Key Highlights
- Two apartments with a combined five bedrooms
- 2,156 square feet; built in 1912
- Mini‑split heating and cooling in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,627
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,540
$572.5K
Cap Rate 7%
$408,957
$409.0K
Cap Rate 9%
$318,078
$318.1K
Market Conditions
NOI Build-Up for 2,156 SF
Gross rent
$54.3K $25.20/SF
− Vacancy
−$2.3K −$1.06/SF
EGI
$52.0K $24.14/SF
− OpEx
−$23.4K −$10.86/SF
NOI
$28.6K $13.28/SF
Area
Franklin County, MA
Vacancy
4.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,540
Cap Rate 7%
$408,957
Cap Rate 9%
$318,078
Alternative Uses
Best Use
Multifamily LT 5
$452.3K
$395.8K – $527.7K
NOI $31,662 @ 7.0% cap · market cap 9.62%
Second Best
Apartment 5plus
$409.0K
$357.8K – $477.1K
NOI $28,627 @ 7.0% cap · market cap 8.70%
Theoretical Best
Healthcare Medical
$894.0K
$782.3K – $1.04M
NOI $62,582 @ 7.0% cap · market cap 19.02%
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
1,430
Businesses Nearby
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Business Placement
Demographics for 01301, MA
18,042
Population
8,761
Households
2.1
Avg Household Size
45
Median Age
38%
College-Educated
92%
High-School Grad
25.3 sq mi
ZIP Area
713
Density / Sq Mi
$54,347
Median Household Income
$37,630
Median Earnings
$1,098
Median Rent
$253,800
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 - Two apartments provide five bedrooms, individual living areas and washer and dryer hookups.
Where is this duplex located?
The property is located at 178 Wells Street Greenfield, MA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Two apartments with a combined five bedrooms; 2,156 square feet; built in 1912; Mini‑split heating and cooling in both units
