Duplex with Upper-Level
New
For Sale
$325,000
250 Conway Street, Greenfield, MA 01301
Two separate residences include a one-bedroom ground-floor unit and a larger two-level apartment.
Property Size1,831 SF
Price / SF$177.50
Days on Market6
Property Features for 250 Conway Street
General Information
Standard status
Active
Size
1,831 SF
Property subtype
2 Family - 2 Units Up/Down
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Building Details
Building Size
1,831 SF
Year Built
1900
Buildings
1
Listing Agency:
Trademark Real Estate
(413) 665-2155
Listed By:
Nancy Hawkins
(413) 222-7981
Source:
Iverty
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 4 at 10:35AM
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 Trademark Real Estate
Investment Insights
Based on property information with market context.
Built in 1900, this 1,831-square-foot duplex contains two residences. The first-floor apartment has one bedroom and one bathroom. The other unit occupies the second and third floors, with three bedrooms, one bathroom, and a small deck; two bedrooms are on the uppermost floor.
The property occupies a corner lot at 250 Conway Street in Greenfield and is zoned RA. Its two-unit configuration supports separate household living, including owner occupancy or multigenerational use.
The property occupies a corner lot at 250 Conway Street in Greenfield and is zoned RA. Its two-unit configuration supports separate household living, including owner occupancy or multigenerational use.
Key Highlights
- Two residential units in an 1,831‑square‑foot building
- Ground‑floor apartment has 1 bedroom and 1 bathroom
- Second- and third‑floor unit includes 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,889
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,780
$537.8K
Cap Rate 7%
$384,129
$384.1K
Cap Rate 9%
$298,767
$298.8K
Market Conditions
NOI Build-Up for 1,831 SF
Gross rent
$40.6K $22.20/SF
− Vacancy
−$2.2K −$1.22/SF
EGI
$38.4K $20.98/SF
− OpEx
−$11.5K −$6.29/SF
NOI
$26.9K $14.69/SF
Area
Franklin County, MA
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,780
Cap Rate 7%
$384,129
Cap Rate 9%
$298,767
Alternative Uses
Best Use
Multifamily LT 5
$384.1K
$336.1K – $448.2K
NOI $26,889 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$347.3K
$303.9K – $405.2K
NOI $24,312 @ 7.0% cap · market cap 7.48%
Theoretical Best
Healthcare Medical
$759.3K
$664.4K – $885.8K
NOI $53,148 @ 7.0% cap · market cap 16.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
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Business Placement
Demographics for 01301, MA
18,042
Population
8,761
Households
2.1
Avg Household Size
45
Median Age
38%
College-Educated
92%
High-School Grad
25.3 sq mi
ZIP Area
713
Density / Sq Mi
$54,347
Median Household Income
$37,630
Median Earnings
$1,098
Median Rent
$253,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences include a one-bedroom ground-floor unit and a larger two-level apartment.
Where is this duplex located?
The property is located at 250 Conway Street Greenfield, MA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two residential units in an 1,831‑square‑foot building; Ground‑floor apartment has 1 bedroom and 1 bathroom; Second- and third‑floor unit includes 3 bedrooms and 1 bathroom
