Renovated Two-Family
180 Chapman Street, Greenfield, MA 01301
For Sale
$359,900
Two separate apartments offer distinct layouts, laundry rooms, and updated kitchens.
Property Size2,157 SF
Price / SF$166.85
Days on Market8
Property Features for 180 Chapman Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Kempf-Vanderburgh Realty Consultants,Inc.
Listed By:
Maria Liccardi · License #009540784
(413) 281-2835
Source:
Gogginsrealestate
Added: Nov 1
Changed: Nov 6
Last Checked: Nov 6 at 10:41AM
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 2,157-square-foot duplex contains two apartments, both vacant and freshly painted. The first-floor unit has three bedrooms, a full bathroom, a laundry room, a living room, and an eat-in kitchen. Upstairs, the second apartment includes two bedrooms, one bathroom, a laundry room, a kitchen, a dining area, and an additional room. Both kitchens have quartz countertops, and the building has two electrical panels and two hot water heaters. Natural gas provides heat through a newer boiler, and the windows have also been updated.
Built in 1900, the property is located at 180 Chapman St in Greenfield, near downtown attractions.
Built in 1900, the property is located at 180 Chapman St in Greenfield, near downtown attractions.
Key Highlights
- Two apartments: a three‑bedroom first‑floor unit and a two‑bedroom upper unit
- 2,157 square feet; built in 1900
- Both units are vacant and freshly painted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,676
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,520
$633.5K
Cap Rate 7%
$452,514
$452.5K
Cap Rate 9%
$351,956
$352.0K
Market Conditions
NOI Build-Up for 2,157 SF
Gross rent
$47.9K $22.20/SF
− Vacancy
−$2.6K −$1.22/SF
EGI
$45.3K $20.98/SF
− OpEx
−$13.6K −$6.29/SF
NOI
$31.7K $14.69/SF
Area
Franklin County, MA
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,520
Cap Rate 7%
$452,514
Cap Rate 9%
$351,956
Alternative Uses
Best Use
Multifamily LT 5
$452.5K
$396.0K – $527.9K
NOI $31,676 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$409.1K
$358.0K – $477.3K
NOI $28,640 @ 7.0% cap · market cap 7.96%
Theoretical Best
Healthcare Medical
$894.4K
$782.6K – $1.04M
NOI $62,611 @ 7.0% cap · market cap 17.40%
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 separate apartments offer distinct layouts, laundry rooms, and updated kitchens.
Where is this duplex located?
The property is located at 180 Chapman Street Greenfield, MA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Two apartments: a three‑bedroom first‑floor unit and a two‑bedroom upper unit; 2,157 square feet; built in 1900; Both units are vacant and freshly painted
