Duplex with Detached
New
For Sale
$269,900
19 Bel Air Ave, Pittsfield, MA 01201
Solar panels serve a two-unit property where electricity is included in the rent.
Property Size1,054 SF
Price / SF$256.07
Days on Market2
Property Features for 19 Bel Air Ave
General Information
Standard status
Active
Size
1,054 SF
Property subtype
Multi Family
Zoning
Residential
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,490
Amenities
solar panels
Building Details
Building Size
1,054 SF
Year Built
1900
Listing Agency:
413 REAL ESTATE
Listed By:
Robin Moore · License #9054392
(413) 441-4208
Source:
413realestate
Added: Sep 26
Last Checked: Sep 26 at 3:01PM
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 413 REAL ESTATE
Investment Insights
Based on property information with market context.
This 1,054-square-foot duplex, built in 1900, contains two apartments with different layouts. The first-floor residence has one bedroom and one bathroom; the second-floor unit offers two bedrooms and one bathroom. Solar panels are installed, and electricity is included in the rent.
A detached garage with loft storage is currently rented separately, providing an additional income stream. The property is located at 19 Bel Air Ave in Pittsfield, Massachusetts, and is zoned Residential.
A detached garage with loft storage is currently rented separately, providing an additional income stream. The property is located at 19 Bel Air Ave in Pittsfield, Massachusetts, and is zoned Residential.
Key Highlights
- Two apartments: first floor has 1 bedroom and 1 bathroom; second floor has 2 bedrooms and 1 bathroom
- Detached garage with loft storage is currently rented
- Solar panels installed; electricity is included in the rent
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,725
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$314,500
$314.5K
Cap Rate 7%
$224,643
$224.6K
Cap Rate 9%
$174,722
$174.7K
Market Conditions
NOI Build-Up for 1,054 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.8K $21.60/SF
− Vacancy
−$303 −$0.29/SF
EGI
$22.5K $21.31/SF
− OpEx
−$6.7K −$6.39/SF
NOI
$15.7K $14.92/SF
Area
Berkshire County, MA
Vacancy
1.33%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$314,500
Cap Rate 7%
$224,643
Cap Rate 9%
$174,722
Alternative Uses
Best Use
Multifamily LT 5
$224.6K
$196.6K – $262.1K
NOI $15,725 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$205.8K
$180.1K – $240.1K
NOI $14,404 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$308.6K
$270.0K – $360.1K
NOI $21,603 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
818
Businesses Nearby
Explore this area
Business Placement
Demographics for 01201, MA
45,494
Population
22,566
Households
2
Avg Household Size
44
Median Age
34%
College-Educated
93%
High-School Grad
60.4 sq mi
ZIP Area
753
Density / Sq Mi
$68,879
Median Household Income
$43,054
Median Earnings
$1,098
Median Rent
$236,500
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?
Duplex - Solar panels serve a two-unit property where electricity is included in the rent.
Where is this duplex located?
The property is located at 19 Bel Air Ave Pittsfield, MA.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Two apartments: first floor has 1 bedroom and 1 bathroom; second floor has 2 bedrooms and 1 bathroom; Detached garage with loft storage is currently rented; Solar panels installed; electricity is included in the rent
