Downtown Triplex Income
For Sale
$449,900
21-23 Linden Street, Pittsfield, MA 01201
Three newly renovated apartments offer a mix of 1-bedroom and 2-bedroom units in downtown Pittsfield.
Property Size2,790 SF
Days on Market99
Property Features for 21-23 Linden Street
General Information
Standard status
Active
Size
2,790 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,200
Building Details
Building Size
2,790 SF
Year Built
1850
Stories
2
Tenancy
Multi
Listing Agency:
Gilcrest Properties
Listed By:
Michael Castellano · License #10311203179
(518) 505-4811
Source:
Stonehouseproperties
Added: Jul 16
Changed: Oct 15
Last Checked: Oct 21 at 3:57AM
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 Gilcrest Properties
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Investment Insights
Based on property information with market context.
This multi-unit investment property features three apartments within a single triplex structure. The building has been newly renovated and is presented in excellent condition.
The first floor includes two separate 1 bed / 1 bath units, with one at the front and one at the back. The second floor contains a single 2 bed / 2 bath apartment.
Located in downtown Pittsfield within the cultural district, the property is described as steps from the Barrington Stage Company theater. The asset is offered for sale and is positioned to provide income from its three residential units.
The first floor includes two separate 1 bed / 1 bath units, with one at the front and one at the back. The second floor contains a single 2 bed / 2 bath apartment.
Located in downtown Pittsfield within the cultural district, the property is described as steps from the Barrington Stage Company theater. The asset is offered for sale and is positioned to provide income from its three residential units.
Key Highlights
- 1850‑built downtown Pittsfield multi‑unit property with 3 apartments
- Includes two 1 bed/1 bath apartments on the 1st floor (front and back)
- Second floor features one 2 bed/2 bath apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,128
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,560
$762.6K
Cap Rate 7%
$544,686
$544.7K
Cap Rate 9%
$423,644
$423.6K
Market Conditions
NOI Build-Up for 2,790 SF
Gross rent
$70.3K $25.20/SF
− Vacancy
−$984 −$0.35/SF
EGI
$69.3K $24.85/SF
− OpEx
−$31.2K −$11.18/SF
NOI
$38.1K $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%
$762,560
Cap Rate 7%
$544,686
Cap Rate 9%
$423,644
Alternative Uses
Best Use
Multifamily LT 5
$594.6K
$520.3K – $693.7K
NOI $41,624 @ 7.0% cap · market cap 9.25%
Second Best
Apartment 5plus
$544.7K
$476.6K – $635.5K
NOI $38,128 @ 7.0% cap · market cap 8.47%
Theoretical Best
Office A
$816.9K
$714.8K – $953.1K
NOI $57,184 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,544
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three newly renovated apartments offer a mix of 1-bedroom and 2-bedroom units in downtown Pittsfield.
Where is this triplex located?
The property is located at 21-23 Linden Street Pittsfield, MA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 1850‑built downtown Pittsfield multi‑unit property with 3 apartments; Includes two 1 bed/1 bath apartments on the 1st floor (front and back); Second floor features one 2 bed/2 bath apartment
