Four-Unit Residential
New
For Sale
$625,900
18-20 Oconnor Ave, Holyoke, MA 01040
Original woodwork, hardwood floors, broad porches, and a detached garage distinguish this Holyoke multifamily property.
Property Size3,896 SF
Days on Market4
Property Features for 18-20 Oconnor Ave
General Information
Standard status
Active
Size
3,896 SF
Property subtype
4 Family
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,959
Amenities
porches
hardwood floors
detached garage
Building Details
Building Size
3,896 SF
Year Built
1920
Listing Agency:
Coldwell Banker Realty
Listed By:
The Generation Group
(413) 209-7779
Source:
Gogallagher
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 4:22AM
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
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Investment Insights
Based on property information with market context.
This 3,896-square-foot property contains four residential units and dates to 1920. Original woodwork, hardwood floors, and architectural detailing remain among its interior features. Expansive porches look out over the city, and a detached garage is also on the property. The building is zoned R-2 and has an established rental history.
The property is in Holyoke near downtown, with access to Northampton, Easthampton, restaurants, shopping, and major highways. A spacious rear lot and the garage may offer options for additional multifamily development or living space, respectively; either would require municipal approval and compliance with applicable zoning requirements.
The property is in Holyoke near downtown, with access to Northampton, Easthampton, restaurants, shopping, and major highways. A spacious rear lot and the garage may offer options for additional multifamily development or living space, respectively; either would require municipal approval and compliance with applicable zoning requirements.
Key Highlights
- Four residential units in a 3,896‑square‑foot property
- Built in 1920 and zoned R‑2
- Original woodwork, hardwood floors, and architectural details
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,029
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,020,580
$1.0M
Cap Rate 7%
$728,986
$729.0K
Cap Rate 9%
$566,989
$567.0K
Market Conditions
NOI Build-Up for 3,896 SF
Gross rent
$77.1K $19.80/SF
− Vacancy
−$4.2K −$1.09/SF
EGI
$72.9K $18.71/SF
− OpEx
−$21.9K −$5.61/SF
NOI
$51.0K $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%
$1,020,580
Cap Rate 7%
$728,986
Cap Rate 9%
$566,989
Alternative Uses
Best Use
Multifamily LT 5
$729.0K
$637.9K – $850.5K
NOI $51,029 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$675.6K
$591.1K – $788.2K
NOI $47,290 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,083 @ 7.0% cap · market cap 26.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Original woodwork, hardwood floors, broad porches, and a detached garage distinguish this Holyoke multifamily property.
Where is this quadplex located?
The property is located at 18-20 Oconnor Ave Holyoke, MA.
What is the asking price?
The asking price for this property is $625,900.
What are key features of this property?
This property features: Four residential units in a 3,896‑square‑foot property; Built in 1920 and zoned R‑2; Original woodwork, hardwood floors, and architectural details
