Updated Two-Family
224 College Highway Southampton, MA 01073
224 College Highway, Southampton, MA, 01073
$565,000
For Sale
$565,000
Two 2-bedroom units with updated systems, separate electric panels, and shared amenities including a walkout basement workspace.
Property Size2,458 SF
Price / SF$229.86
Days on Market69
Property Features for 224 College Highway
General Information
- Standard status
- Active
- Size
- 2,458 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Park Square Realty
(413) 262-2462
Listed by
Melissa Lemanski
Source
Gregoryhaughton
Added: May 15 Updated: Jul 22 at 12:00PM Checked: Jul 22 at 12:00PM
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 Park Square Realty
Investment Insights
Based on property information with market context.
Open House Sunday, May 17, 11:00am–12:30pm. This beautifully maintained two-family duplex at 224 College Highway in Southampton, MA offers two 2-bedroom, 1 full bath residences. Both units feature hardwood floors and a front porch. The owner’s unit includes a vaulted ceiling and an updated kitchen with warm wood cabinetry, plus a whirlpool tub with a shower, radiant heat in the full bath and office, and a 3rd-floor bonus room with a private deck. The second unit has its own patio.
The walkout basement provides practical shared support space, including a dedicated office/work area, a half bath, and separate laundry hookups for each unit. During the seller’s ownership, plumbing and electrical were updated, with three separate electric panels—one per unit, plus one for the office.
Outside, there is a backyard garden and an outbuilding for storage. Easy access to Easthampton, Westfield, and Northampton is noted.
The walkout basement provides practical shared support space, including a dedicated office/work area, a half bath, and separate laundry hookups for each unit. During the seller’s ownership, plumbing and electrical were updated, with three separate electric panels—one per unit, plus one for the office.
Outside, there is a backyard garden and an outbuilding for storage. Easy access to Easthampton, Westfield, and Northampton is noted.
Key Highlights
- Two‑family home built in 1900 with two 2‑bedroom/1‑bath units
- Updated plumbing and electrical during seller’s ownership with 3 separate electric panels (one per unit plus one for the office)
- Walkout basement includes a dedicated office/work space, half bath, and separate laundry hookups for each unit
Local Financial Insights For Multifamily LT 5
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 | $53.1k | $21.60 |
| − Vacancy | −$2.4k | −$0.96 |
| EGI | $50.7k | $20.64 |
| − OpEx | −$15.2k | −$6.19 |
| NOI | $35.5k | $14.45 |
2,458 SF · lease $21.60/SF/yr · vacancy 4.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$507.2K
$443.8K – $591.8K
NOI $35,507 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$463.8K
$405.8K – $541.1K
NOI $32,467 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,782 @ 7.0% cap · market cap 18.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gary L Kostek ...
HVAC Service
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FAQs
What type of property is this?
Duplex - Two 2-bedroom units with updated systems, separate electric panels, and shared amenities including a walkout basement workspace.
Where is this duplex located?
The property is located at 224 College Highway Southampton, MA.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Two‑family home built in 1900 with two 2‑bedroom/1‑bath units; Updated plumbing and electrical during seller’s ownership with 3 separate electric panels (one per unit plus one for the office); Walkout basement includes a dedicated office/work space, half bath, and separate laundry hookups for each unit
