Turnkey 5-Family Investment
For Sale
$515,000
1825 Northampton St, Holyoke, MA 01040
Large 5-family property in Holyoke with upside potential.
Property Size3,252 SF
Days on Market165
Property Features for 1825 Northampton St
General Information
Standard status
Active
Size
3,252 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$3,628
Building Details
Building Size
3,252 SF
Year Built
1910
Stories
5
Units
5
Listing Agency:
Valley Real Estate Company
Listed By:
Peter Gelinas
(413) 584-7253
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Oct 4 at 7:56AM
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 Valley Real Estate Company
Investment Insights
Based on property information with market context.
This is a 5-family property located on Northampton Street in Holyoke. It presents an investment opportunity with potential for income growth through improvements and expansion. The property is situated in a central location with access to local amenities and highways. Many long-term tenants are in place. The location has a walk score of 60, indicating it is somewhat walkable, a bike score of 47, indicating it is somewhat bikeable, and a transit score of 47, indicating some transit options are available.
Key Highlights
- Turnkey 5‑family investment property ready for immediate income.
- Excellent upside potential with below market rents, offering a chance to increase revenue.
- Up to 10% seller financing possible for qualified buyers.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,473
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,460
$789.5K
Cap Rate 7%
$563,900
$563.9K
Cap Rate 9%
$438,589
$438.6K
Market Conditions
NOI Build-Up for 3,252 SF
Gross rent
$75.7K $23.28/SF
− Vacancy
−$3.9K −$1.21/SF
EGI
$71.8K $22.07/SF
− OpEx
−$32.3K −$9.93/SF
NOI
$39.5K $12.14/SF
Area
Hampden County, MA
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,460
Cap Rate 7%
$563,900
Cap Rate 9%
$438,589
Alternative Uses
Best Use
Apartment 5plus
$563.9K
$493.4K – $657.9K
NOI $39,473 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.00M
$1.75M – $2.34M
NOI $140,299 @ 7.0% cap · market cap 27.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
780
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Large 5-family property in Holyoke with upside potential.
Where is this apartment building located?
The property is located at 1825 Northampton St Holyoke, MA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Turnkey 5‑family investment property ready for immediate income.; Excellent upside potential with below market rents, offering a chance to increase revenue.; Up to 10% seller financing possible for qualified buyers.
