Renovated Three-Residence Multifamily
For Sale
$925,000
181/183 North St, Williamstown, MA 01267
Three separate residences offer flexible occupancy, in-unit laundry, fully equipped kitchens, and off-street parking.
Property Size1,941 SF
Price / SF$476.56
Days on Market52
Property Features for 181/183 North St
General Information
Standard status
Active
Size
1,941 SF
Property subtype
Multi Family
Zoning
Multi
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/1BA, 1 x 3BR/2BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,912
Amenities
in-unit laundry
off-street parking
fully applianced kitchens
Building Details
Building Size
1,941 SF
Year Built
1900
Buildings
2
Listing Agency:
ALTON & WESTALL REAL ESTATE AGENCY, LLC
Listed By:
Rebecca Polumbo
Source:
413realestate
Added: Aug 26
Changed: Oct 4
Last Checked: Oct 16 at 6:10AM
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 ALTON & WESTALL REAL ESTATE AGENCY, LLC
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Investment Insights
Based on property information with market context.
This multifamily property combines a substantially renovated two-family residence with a newly constructed detached accessory dwelling unit, creating three separate residences on one parcel. The two apartments at 181 North Street include a two-bedroom, one-bath layout and a four-bedroom, one-bath layout. The detached 183 North Street ADU provides three bedrooms and two baths.
Each residence includes a fully applianced kitchen and in-unit laundry, along with modern updates and off-street parking. The ADU is leased through the end of the 2026-27 academic year. The property is zoned Multi and is located at 181/183 North St in Williamstown, Massachusetts, near Williams College.
Each residence includes a fully applianced kitchen and in-unit laundry, along with modern updates and off-street parking. The ADU is leased through the end of the 2026-27 academic year. The property is zoned Multi and is located at 181/183 North St in Williamstown, Massachusetts, near Williams College.
Key Highlights
- Three residences: two apartments plus a detached ADU
- 181 North Apt. A: 2 bedrooms and 1 bath
- 181 North Apt. B: 4 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,526
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,520
$530.5K
Cap Rate 7%
$378,943
$378.9K
Cap Rate 9%
$294,733
$294.7K
Market Conditions
NOI Build-Up for 1,941 SF
Gross rent
$48.9K $25.20/SF
− Vacancy
−$685 −$0.35/SF
EGI
$48.2K $24.85/SF
− OpEx
−$21.7K −$11.18/SF
NOI
$26.5K $13.67/SF
Area
Berkshire County, MA
Vacancy
1.40%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,520
Cap Rate 7%
$378,943
Cap Rate 9%
$294,733
Alternative Uses
Best Use
Apartment 5plus
$378.9K
$331.6K – $442.1K
NOI $26,526 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$568.3K
$497.3K – $663.1K
NOI $39,783 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 01267, MA
7,876
Population
3,440
Households
2.3
Avg Household Size
37
Median Age
66%
College-Educated
97%
High-School Grad
59.3 sq mi
ZIP Area
133
Density / Sq Mi
$98,750
Median Household Income
$24,805
Median Earnings
$1,280
Median Rent
$438,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three separate residences offer flexible occupancy, in-unit laundry, fully equipped kitchens, and off-street parking.
Where is this multifamily property located?
The property is located at 181/183 North St Williamstown, MA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Three residences: two apartments plus a detached ADU; 181 North Apt. A: 2 bedrooms and 1 bath; 181 North Apt. B: 4 bedrooms and 1 bath
