Well-Maintained Two-Family
New
For Sale
$425,000
344 Conway Street, Greenfield, MA 01301
Two-family residence with both units vacant, recently updated systems, and a full walk-up attic on a wooded 2.19-acre lot.
Property Size2,644 SF
Lot Size2.19 Acres
Price / SF$160.74
Days on Market5
Property Features for 344 Conway Street
General Information
Standard status
Active
Size
2,644 SF
Lot size
2.19 Acres
Property subtype
Multi-family
Amenities
three inviting porches
full walk-up attic
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
Fitzgerald Real Estate
Listed By:
Corinne A. Fitzgerald
(413) 665-3771
Source:
Cbcommunityrealtors
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 3:21AM
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 Fitzgerald Real Estate
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers flexible living and leasing options with both units currently vacant. The property provides immediate occupancy flexibility for an owner-occupant, while also supporting rental use for the second unit. A full walk-up attic adds practical storage or potential living-area expansion after verification.
Set on a 2.19-acre lot, the home includes three inviting porches and ample parking, with wooded privacy described on-site. Recent improvements include a new roof, new natural gas heating systems, new natural gas hot water heaters, vinyl replacement windows, aluminum siding, and wood and vinyl flooring for easier maintenance.
Additional compliance documentation is included with lead compliance certificates for both units. The home was built in 1900 and contains 2,644 SF of total property size, offering a strong starting point for investors, multigenerational households, or buyers looking for room to grow.
Set on a 2.19-acre lot, the home includes three inviting porches and ample parking, with wooded privacy described on-site. Recent improvements include a new roof, new natural gas heating systems, new natural gas hot water heaters, vinyl replacement windows, aluminum siding, and wood and vinyl flooring for easier maintenance.
Additional compliance documentation is included with lead compliance certificates for both units. The home was built in 1900 and contains 2,644 SF of total property size, offering a strong starting point for investors, multigenerational households, or buyers looking for room to grow.
Key Highlights
- Both units vacant for immediate occupancy flexibility
- 2.19‑acre wooded lot with space and privacy
- Recent upgrades include new roof, natural gas heating systems, and natural gas hot water heaters
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 | $58.7k | $22.20 |
| − Vacancy | −$3.2k | −$1.22 |
| EGI | $55.5k | $20.98 |
| − OpEx | −$16.6k | −$6.29 |
| NOI | $38.8k | $14.69 |
2,644 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$554.7K
$485.4K – $647.1K
NOI $38,828 @ 7.0% cap · market cap 9.14%
Second Best
Apartment 5plus
$501.5K
$438.8K – $585.1K
NOI $35,107 @ 7.0% cap · market cap 8.26%
Theoretical Best
Healthcare Medical
$1.10M
$959.3K – $1.28M
NOI $76,747 @ 7.0% cap · market cap 18.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with both units vacant, recently updated systems, and a full walk-up attic on a wooded 2.19-acre lot.
Where is this duplex located?
The property is located at 344 Conway Street Greenfield, MA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Both units vacant for immediate occupancy flexibility; 2.19‑acre wooded lot with space and privacy; Recent upgrades include new roof, natural gas heating systems, and natural gas hot water heaters
