Three-Family Residential Income
24-26 Gilman Street Holyoke, MA 01040
24-26 Gilman Street, Holyoke, MA, 01040
$495,000
Pending
For Sale
$495,000
Pending
Impeccably maintained three-family home with separate utilities, on-site laundry for each upper unit, and a fenced yard with patio.
Property Size2,870 SF
Days on Market56
Property Features for 24-26 Gilman Street
General Information
- Standard status
- Pending
- Size
- 2,870 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1920
Listing agency
HB Real Estate, LLC
(413) 213-5911
Listed by
Dianne Schmidt · License #54795
(413) 213-5911
Source
Compass
Added: May 28 Updated: Jul 21 at 7:10AM Checked: Jul 21 at 7:10AM
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 HB Real Estate, LLC
Investment Insights
Based on property information with market context.
This well-maintained three-family residential income property offers comfortable indoor space across three levels. The first floor includes two bedrooms plus an additional bedroom in a finished basement area, which also features a 3/4 bath and a weight room or hang-out space. Each of the second and third floors includes its own laundry facility, and the home is set up with separate utilities.
Outside, the property includes a single-car garage with attached storage shed. The yard is fenced and landscaped, with a patio and a stone fire pit.
The listing is offered for sale as a three-family home in Holyoke, Massachusetts, with straightforward configuration and updates noted in the public remarks.
Outside, the property includes a single-car garage with attached storage shed. The yard is fenced and landscaped, with a patio and a stone fire pit.
The listing is offered for sale as a three-family home in Holyoke, Massachusetts, with straightforward configuration and updates noted in the public remarks.
Key Highlights
- Three‑family home (3 units) built in 1920 with 4 total baths
- First floor offers 2 bedrooms plus a 3rd bedroom in the finished basement with a 3/4 bath and weight/rec room
- 2nd and 3rd floors each include laundry facilities
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 | $56.8k | $19.80 |
| − Vacancy | −$3.1k | −$1.09 |
| EGI | $53.7k | $18.71 |
| − OpEx | −$16.1k | −$5.61 |
| NOI | $37.6k | $13.10 |
2,870 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$537.0K
$469.9K – $626.5K
NOI $37,590 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$497.7K
$435.5K – $580.6K
NOI $34,837 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,819 @ 7.0% cap · market cap 25.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Impeccably maintained three-family home with separate utilities, on-site laundry for each upper unit, and a fenced yard with patio.
Where is this triplex located?
The property is located at 24-26 Gilman Street Holyoke, MA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Three‑family home (3 units) built in 1920 with 4 total baths; First floor offers 2 bedrooms plus a 3rd bedroom in the finished basement with a 3/4 bath and weight/rec room; 2nd and 3rd floors each include laundry facilities
