Building Details

Year Built 1850

Listing Agency: Gilcrest Properties

Listed By: Michael Castellano · License #10311203179 Show Phone

Source: Amodiorealestate

Added: Jul 21 Changed: Oct 10 Last Checked: Oct 7 at 4:02PM

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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 Gilcrest Properties

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Investment Insights

Based on property information with market context.

This triplex contains 2,790 square feet and three apartments arranged across two floors. The first level includes two one-bedroom, one-bath units, while the second floor features a two-bedroom, two-bath apartment. Renovation work includes modern finishes and updated systems throughout the property.

The building is located at 2123 21-23 Linden St in downtown Pittsfield’s cultural district, steps from the Barrington Stage Company theater. Constructed in 1850, the property combines a historic building shell with recently updated apartment interiors. Its three-unit configuration supports residential income use and accommodates the stated live-in owner format.

Key Highlights

• Three‑apartment triplex with 2,790 square feet
• Two 1‑bed/1‑bath units on the 1st floor
• 2‑bed/2‑bath apartment on the 2nd floor

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

Is this asking price fair?

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 (±1% cap)

NOI $41,624 @ 7.0% cap · market cap 9.25%

Second Best

Apartment 5plus

$544.7K

$476.6K – $635.5K (±1% cap)

NOI $38,128 @ 7.0% cap · market cap 8.47%

Theoretical Best

Office A

$816.9K

$714.8K – $953.1K (±1% cap)

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

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Bakery Catering Service Electrical Service Pet Grooming Service

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

3

Residential units

Location Intelligence

Trade Area within ½ mile

461

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Updated apartments offer varied layouts in Pittsfield’s downtown cultural district.

Where is this triplex located?

The property is located at 2123 21-23 Linden St 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: Three‑apartment triplex with 2,790 square feet; Two 1‑bed/1‑bath units on the 1st floor; 2‑bed/2‑bath apartment on the 2nd floor