3-Unit Residential
2 Meadow St, Holyoke, MA 01040
For Sale
$369,900
The first- and third-floor residences are occupied, while the second-floor unit is vacant.
Property Size1,932 SF
Price / SF$191.46
Days on Market19
Property Features for 2 Meadow St
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Naples Realty Group
(413) 650-1314
Listed By:
Maitty Del Hoyo
(860) 849-9340
Source:
Lockandkeyre
Added: Oct 22
Changed: Nov 8
Last Checked: Nov 8 at 5:47AM
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 Naples Realty Group
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Investment Insights
Based on property information with market context.
This 1,932-square-foot residential triplex in Holyoke, Massachusetts, contains three separate units across three floors. The building dates to 1890, and the second-floor residence is vacant; the first- and third-floor units are occupied.
Located at 2 Meadow Street, the property sits on a dead-end street.
Located at 2 Meadow Street, the property sits on a dead-end street.
Key Highlights
- Three residential units in a 1,932‑square‑foot building
- First- and third‑floor units are occupied; second‑floor unit is vacant
- Built in 1890
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,305
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,100
$506.1K
Cap Rate 7%
$361,500
$361.5K
Cap Rate 9%
$281,167
$281.2K
Market Conditions
NOI Build-Up for 1,932 SF
Gross rent
$38.3K $19.80/SF
− Vacancy
−$2.1K −$1.09/SF
EGI
$36.1K $18.71/SF
− OpEx
−$10.8K −$5.61/SF
NOI
$25.3K $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%
$506,100
Cap Rate 7%
$361,500
Cap Rate 9%
$281,167
Alternative Uses
Best Use
Multifamily LT 5
$361.5K
$316.3K – $421.8K
NOI $25,305 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$335.0K
$293.1K – $390.9K
NOI $23,451 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,351 @ 7.0% cap · market cap 22.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
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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
$255,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Hampden County, MA
Properties on Market for Triplexes in Hampden County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The first- and third-floor residences are occupied, while the second-floor unit is vacant.
Where is this triplex located?
The property is located at 2 Meadow St Holyoke, MA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Three residential units in a 1,932‑square‑foot building; First- and third‑floor units are occupied; second‑floor unit is vacant; Built in 1890
