Building Details

Building Size 2,094 SF

Year Built 1850

Buildings 1

Stories 6

Listing Agency: Michael Mendyk Real Estate Show Phone

Listed By: Michael P Mendyk · License #449000179 Show Phone

Source: Churchillprop

Added: Jun 16 Changed: Oct 6 Last Checked: Oct 14 at 8:17PM

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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 Michael Mendyk Real Estate

Investment Insights

Based on property information with market context.

Built in 1850, this side-by-side duplex includes two three-floor units with four bedrooms per unit. Each residence offers a spacious layout, an open first floor, vinyl replacement windows, newer kitchens and baths, and a full basement with a walkout to the backyard. Natural gas hot water heating systems support each unit, while vinyl siding helps reduce exterior maintenance needs.

The property is located on Carew Street in South Hadley, near shopping and schools. RB zoning supports the property's duplex configuration, with separate residential spaces arranged for practical ownership and occupancy.

Key Highlights

• Side‑by‑side duplex with 4 bedrooms in each unit
• Two three‑floor units with open first‑floor layouts
• Full basement areas for both units with backyard walkouts

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,249

Cap Rate

7.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$604,980 $605.0K

Cap Rate 7%

$432,129 $432.1K

Cap Rate 9%

$336,100 $336.1K

Market Conditions

NOI Build-Up for 2,094 SF

Gross rent

$45.2K $21.60/SF

− Vacancy

−$2.0K −$0.96/SF

EGI

$43.2K $20.64/SF

− OpEx

−$13.0K −$6.19/SF

NOI

$30.2K $14.45/SF

Area

Hampshire County, MA

Vacancy

4.46%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$604,980

Cap Rate 7%

$432,129

Cap Rate 9%

$336,100

Alternative Uses

Best Use

Multifamily LT 5

$432.1K

$378.1K – $504.2K (±1% cap)

NOI $30,249 @ 7.0% cap · market cap 7.60%

Second Best

Apartment 5plus

$395.1K

$345.7K – $461.0K (±1% cap)

NOI $27,659 @ 7.0% cap · market cap 6.95%

Theoretical Best

Office A

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,265 @ 7.0% cap · market cap 22.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Bakery Kitchen & Bath Showroom Pharmacy (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

388

Businesses Nearby

Explore this area Business Placement

Demographics for 01075, MA

18,168

Population

7,597

Households

2.4

Avg Household Size

41

Median Age

50%

College-Educated

96%

High-School Grad

17.7 sq mi

ZIP Area

1,026

Density / Sq Mi

$93,646

Median Household Income

$46,960

Median Earnings

$1,264

Median Rent

$324,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two spacious units feature open first floors, newer kitchens and baths, replacement windows, and private basement walkouts.

Where is this duplex located?

The property is located at 21-23 Carew St South Hadley, MA.

What is the asking price?

The asking price for this property is $398,000.

What are key features of this property?

This property features: Side‑by‑side duplex with 4 bedrooms in each unit; Two three‑floor units with open first‑floor layouts; Full basement areas for both units with backyard walkouts