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    Renovated Apartments in Historic Building Title is generated by Realmo AI

    29 Main St, West Stockbridge, MA 01266

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    Claim this Listing
    For Sale
    $1,625,000

    MULTI_FAMILY - Colonial - West Stockbridge, MA

    Property size:
    8,881 SF
    Lot size:
    0.30 Acres
    Price / SF:
    $182/SF
    Added:
    Sep 13, 2024
    Days on Market:
    618
    Last Refresh:
    May 23 at 11:06 am

    Property Features for 29 Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    12
    Bathrooms
    7
    Rooms
    Bathroom 1, Bathroom 5, Bathroom 6, Bathroom 7, Bathroom 3, Bedroom 9, Bedroom 7, Bedroom 8, Bedroom 1, Bedroom 6, Bedroom 10, Bedroom 2, Bedroom 12, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 3, Bathroom 4, Basement, Bedroom 11
    Parking
    12
    Parking features
    Off Street
    Interior features
    Alarm System, Elevator, High Speed Wiring, Pets Allowed, Granite Counter, Vaulted Ceilings, Cathedral Ceilings, Soapstone Counter
    Exterior features
    Outbuilding
    Basement
    Concrete
    Accessibility
    Accessible Elevator Installed
    Appliances
    Washer, Refrigerator, Range Hood, Dryer, Dishwasher
    Standard status
    Active
    Size
    8,881 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    9416

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Forced Air
    Water source
    Public
    Water front
    1

    Building Details

    Year built
    1900
    Number of units
    6
    Flooring type
    Tile - Ceramic, Wood
    Building materials
    Wood Frame
    Roof type
    Asphalt
    Architectural style
    Colonial
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Suzann Laverack Ward

    Listing agent Suzann Laverack Ward License #9588333

    Listing office HOUSATONIC REAL ESTATE 113 Bridge Street, Housatonic, MA

    Listing date Sep 13, 2024

    MLS# 245690 Listing URL

    Copyright © 2026 Berkshire County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Six completely renovated, high‑end apartments in a historic building.
    • Prime downtown West Stockbridge location.
    • Modern amenities including dishwashers and in‑unit laundry.
    • Central air conditioning for year‑round comfort.
    • Elegant wood floors and tiled double‑sink bathrooms.
    • Elevator and accessible elevator installed.

    Overview

    The property, formerly the Card Lake Inn Tavern, has been transformed into a residential building in downtown West Stockbridge. The building features six completely renovated high-end apartments. Each unit includes wood floors, necessary appliances, dishwashers, and in-unit laundry facilities. Central air conditioning is installed throughout the building. The bathrooms feature tiled double-sink vanities. Each unit provides ample storage space. The lot size is 0.3 acres and the building size is 8,881 square feet.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $1.35M
    NOI $121,367 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.73M
    NOI $121,367 @ 7.00% cap · market / base-case scenario
    Aggressive
    $2.43M
    NOI $121,367 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $223.8k $25.20
    − Vacancy −$3.1k −$0.35
    EGI $220.7k $24.85
    − OpEx −$99.3k −$11.18
    NOI $121.4k $13.67
    8,881 SF · lease $25.20/SF/yr · vacancy 1.40% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $1.73M
    $1.52M – $2.02M (±1% cap)
    NOI $121,367 @ 7.0% cap · market cap 7.47%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.60M
    $2.28M – $3.03M (±1% cap)
    NOI $182,025 @ 7.0% cap · market cap 11.20%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hotel & Motel Department Store Kitchen & Bath Showroom Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Stockbridge
    County
    Berkshire
    State
    Massachusetts
    Longitude
    -73.3968
    Latitude
    42.3147

    FAQs

    What type of property is this?
    Apartment building - Six high-end apartments in a renovated historic building.
    Where is this apartment building located?
    The property is located at 29 Main St West Stockbridge, MA.
    What is the asking price?
    The asking price for this property is $1,625,000.
    What are key features of this property?
    This property features: Six **completely renovated, high‑end apartments** in a historic building.; **Prime downtown West Stockbridge location.**; Modern amenities including dishwashers and in‑unit laundry.
    (413) 329-3031
    We can help!
    Listing Contact
    Suzann Laverack Ward
    Real Estate License ID: 9588333
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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