22-Unit Studio Apartment
21 Dwight Agawam, MA 01001
21 Dwight, Agawam, MA, 01001
$2,550,000
For Sale
$2,550,000
22-unit studio multifamily building with upgrades and coin-operated laundry generating additional on-site income.
Property Size6,696 SF
Price / SF$380.82
Days on Market51
Property Features for 21 Dwight
General Information
- Standard status
- Active
- Size
- 6,696 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1965
Listing agency
Premier Choice Realty
Listed by
Russell J. Sabadosa
(413) 665-3771
Source
Cbcommunityrealtors
Added: Jun 3 Updated: Jul 22 at 10:19AM Checked: Jul 22 at 10:19AM
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 Premier Choice Realty
Investment Insights
Based on property information with market context.
This is a 22-unit studio apartment building offered for sale, with numerous upgrades already in place. Reported improvements include plank flooring and LED lighting, along with composite decking. The property also includes four sets of coin-operated laundry equipment that generate additional income.
For the period through May 2026, T-12 reflects approximately $189,000 NOI, based on information provided in the remarks. The seller also notes that there may be opportunities to further increase revenue through operational improvements, including potential heat pump installation and possible expansion of basement space, subject to buyer verification, permits, and approvals.
The property was appraised at approximately $2.5M in 2023 prior to subsequent improvements and rent growth initiatives, according to the provided information. Creative terms may be considered, including seller financing, hard money, and sale-leaseback structures, subject to agreement.
For the period through May 2026, T-12 reflects approximately $189,000 NOI, based on information provided in the remarks. The seller also notes that there may be opportunities to further increase revenue through operational improvements, including potential heat pump installation and possible expansion of basement space, subject to buyer verification, permits, and approvals.
The property was appraised at approximately $2.5M in 2023 prior to subsequent improvements and rent growth initiatives, according to the provided information. Creative terms may be considered, including seller financing, hard money, and sale-leaseback structures, subject to agreement.
Key Highlights
- 22‑unit studio multifamily building with coin‑operated laundry equipment to generate additional on‑site income
- T‑12 through May 2026 shows approximately $189,000 NOI
- Numerous upgrades including plank flooring, LED lighting, and composite decking
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.9k | $23.28 |
| − Vacancy | −$8.1k | −$1.21 |
| EGI | $147.8k | $22.07 |
| − OpEx | −$66.5k | −$9.93 |
| NOI | $81.3k | $12.14 |
6,696 SF · lease $23.28/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.02M – $1.35M
NOI $81,277 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.13M
$3.61M – $4.81M
NOI $288,882 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 22-unit studio multifamily building with upgrades and coin-operated laundry generating additional on-site income.
Where is this apartment building located?
The property is located at 21 Dwight Agawam, MA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 22‑unit studio multifamily building with coin‑operated laundry equipment to generate additional on‑site income; T‑12 through May 2026 shows approximately $189,000 NOI; Numerous upgrades including plank flooring, LED lighting, and composite decking
