2-Unit Home with Detached
For Sale
$280,000
31 Fair, Northampton, MA 01060
A flexible residential property with a front porch, generous side yard, and parking is located near downtown Northampton.
Property Size1,560 SF
Price / SF$179.49
Days on Market13
Property Features for 31 Fair
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Multi Family
Building Details
Building Size
1,560 SF
Year Built
1900
Listing Agency:
Delap Real Estate LLC
(413) 586-9111
Listed By:
Jessica Ryan Lapinski
(413) 478-3137
Source:
Iverty
Added: Sep 23
Changed: Oct 4
Last Checked: Oct 4 at 10:50AM
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 Delap Real Estate LLC
Investment Insights
Based on property information with market context.
This two-unit residential property contains 1,560 square feet across two levels, with four bedrooms and two bathrooms. The home was built in 1900 and includes a front porch. A detached three-bay garage has additional covered storage attached. The parcel spans more than half an acre and has parking and a broad side yard. The property was most recently occupied as a single-family home and is being conveyed as-is; the buyer is responsible for the septic system.
Downtown Northampton shops, cafes, restaurants, and the fairgrounds are within walking distance. The property also offers access to I-91 and connections to Hadley and Amherst.
Downtown Northampton shops, cafes, restaurants, and the fairgrounds are within walking distance. The property also offers access to I-91 and connections to Hadley and Amherst.
Key Highlights
- Two‑unit property with 1,560 square feet on two levels
- Four bedrooms and two bathrooms; built in 1900
- Detached 3‑bay garage with attached covered storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,535
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,700
$450.7K
Cap Rate 7%
$321,929
$321.9K
Cap Rate 9%
$250,389
$250.4K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$33.7K $21.60/SF
− Vacancy
−$1.5K −$0.96/SF
EGI
$32.2K $20.64/SF
− OpEx
−$9.7K −$6.19/SF
NOI
$22.5K $14.45/SF
Area
Hampshire County, MA
Vacancy
4.46%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,700
Cap Rate 7%
$321,929
Cap Rate 9%
$250,389
Alternative Uses
Best Use
Multifamily LT 5
$321.9K
$281.7K – $375.6K
NOI $22,535 @ 7.0% cap · market cap 8.05%
Second Best
Apartment 5plus
$294.4K
$257.6K – $343.4K
NOI $20,605 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$950.0K
$831.3K – $1.11M
NOI $66,501 @ 7.0% cap · market cap 23.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,237
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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Cap Rate, Value Estimation, Potential NOI and more
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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?
Multifamily property - A flexible residential property with a front porch, generous side yard, and parking is located near downtown Northampton.
Where is this multifamily property located?
The property is located at 31 Fair Northampton, MA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two‑unit property with 1,560 square feet on two levels; Four bedrooms and two bathrooms; built in 1900; Detached 3‑bay garage with attached covered storage
