Residential Income Property with
For Sale
$849,000
234 Elm St, Northampton, MA 01060
The 1900-built property offers off-street driveway parking and interior features including a pantry and crown molding.
Property Size3,139 SF
Price / SF$270.47
Days on Market56
Property Features for 234 Elm St
General Information
Standard status
Active
Size
3,139 SF
Total Parking Spaces
9
Property subtype
Residential Income
Zoning
URB
Net Operating Income
$63,605
Taxes and HOA fees
Annual Taxes
$12,936
Amenities
Pool, Tennis Court(s), Park
None, Ceiling Fan(s)
Natural Gas, Central, Hot Water, Zoned
Interior Entry, Concrete
Washer, Dryer, Range, Dishwasher, Refrigerator, Gas Water Heater
Ceiling Fan(s), Pantry, Crown Molding, High Speed Internet
Paved, Off Street, Driveway
Rain Gutters, Balcony
Building Details
Building Size
3,139 SF
Year Built
1900
Stories
4
Listed By:
Joanie Schwartz
(413) 348-2348
Source:
Evrealestate
Added: Aug 22
Changed: Oct 15
Last Checked: Oct 15 at 2:03AM
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 Joanie Schwartz
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Investment Insights
Based on property information with market context.
This 3,139-square-foot residential income property was built in 1900 and includes a balcony, paved driveway parking, and rain gutters. Interior features include ceiling fans, a pantry, crown molding, and high-speed internet. Appliances listed for the property are a washer, dryer, range, dishwasher, refrigerator, and gas water heater. Heating and cooling details include natural gas, central, hot water, and zoned systems; the entry is described as interior and concrete.
The property is on Elm Street near Smith College, with Washington Street identified as the nearest intersection.
The property is on Elm Street near Smith College, with Washington Street identified as the nearest intersection.
Key Highlights
- 3,139 square feet; built in 1900
- Balcony and rain gutters
- Paved off‑street driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,462
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,240
$829.2K
Cap Rate 7%
$592,314
$592.3K
Cap Rate 9%
$460,689
$460.7K
Market Conditions
NOI Build-Up for 3,139 SF
Gross rent
$79.1K $25.20/SF
− Vacancy
−$3.7K −$1.18/SF
EGI
$75.4K $24.02/SF
− OpEx
−$33.9K −$10.81/SF
NOI
$41.5K $13.21/SF
Area
Hampshire County, MA
Vacancy
4.70%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,240
Cap Rate 7%
$592,314
Cap Rate 9%
$460,689
Alternative Uses
Best Use
Apartment 5plus
$592.3K
$518.3K – $691.0K
NOI $41,462 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,812 @ 7.0% cap · market cap 15.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
Explore this area
Business Placement
Demographics for 01060, MA
14,461
Population
7,875
Households
1.8
Avg Household Size
42
Median Age
69%
College-Educated
95%
High-School Grad
10.9 sq mi
ZIP Area
1,327
Density / Sq Mi
$75,077
Median Household Income
$49,151
Median Earnings
$1,460
Median Rent
$427,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 1900-built property offers off-street driveway parking and interior features including a pantry and crown molding.
Where is this residential income property located?
The property is located at 234 Elm St Northampton, MA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 3,139 square feet; built in 1900; Balcony and rain gutters; Paved off‑street driveway parking
