6-Unit Apartment
217 N Main Street, Deerfield, MA 01373
For Sale
$875,000
All six residences are occupied, with a mix of studio and two-bedroom layouts.
Property Size2,696 SF
Price / SF$324.55
Days on Market10
Property Features for 217 N Main Street
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Highway Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
6
No
5
7
Public Record
2696
Level
Public
3.73
25
Stone/Gravel
Block
Building Details
Building Size
Year Built
Stories
Listing Agency:
Region Commercial
Listed By:
Benjamin Bolotin
Source:
Capelandingre
Added: Oct 30
Changed: Nov 7
Last Checked: Nov 7 at 4:46AM
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 Region Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,696-square-foot apartment property contains six units: five studios and one two-bedroom residence. Built in 1960, the building is currently fully occupied and carries Industrial zoning.
Key Highlights
- Six apartments: five studios and one two‑bedroom unit
- 100% occupancy
- 2,696 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,797
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$715,940
$715.9K
Cap Rate 7%
$511,386
$511.4K
Cap Rate 9%
$397,744
$397.7K
Market Conditions
NOI Build-Up for 2,696 SF
Gross rent
$67.9K $25.20/SF
− Vacancy
−$2.9K −$1.06/SF
EGI
$65.1K $24.14/SF
− OpEx
−$29.3K −$10.86/SF
NOI
$35.8K $13.28/SF
Area
Franklin County, MA
Vacancy
4.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$715,940
Cap Rate 7%
$511,386
Cap Rate 9%
$397,744
Alternative Uses
Best Use
Apartment 5plus
$511.4K
$447.5K – $596.6K
NOI $35,797 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.12M
$978.2K – $1.30M
NOI $78,257 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Explore this area
Business Placement
Demographics for 01373, MA
4,526
Population
2,344
Households
1.9
Avg Household Size
49
Median Age
42%
College-Educated
96%
High-School Grad
23.1 sq mi
ZIP Area
196
Density / Sq Mi
$102,578
Median Household Income
$61,563
Median Earnings
$1,351
Median Rent
$387,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - All six residences are occupied, with a mix of studio and two-bedroom layouts.
Where is this apartment building located?
The property is located at 217 N Main Street Deerfield, MA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Six apartments: five studios and one two‑bedroom unit; 100% occupancy; 2,696 square feet
