Income Property on
345 Greenfield Road Deerfield, MA 01342
345 Greenfield Road, Deerfield, MA, 01342
$560,000
For Sale
$560,000
Two-family home plus a separate third unit on 40+ acres with outbuildings, greenhouses, and an oversized storage garage.
Property Size3,300 SF
Price / SF$169.70
Days on Market139
Property Features for 345 Greenfield Road
General Information
- Standard status
- Active
- Size
- 3,300 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1877
Listing agency
ERA M Connie Laplante Real Estate
(413) 536-9111
Listed by
John L. Harrington II · License #136023
(413) 536-9111
Source
Compass
Added: Mar 6 Updated: Jul 22 at 9:57PM Checked: Jul 22 at 9:57PM
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 ERA M Connie Laplante Real Estate
Investment Insights
Based on property information with market context.
This for-sale income property is set on 40+ acres and includes a two-family main home along with a separate third unit building. The property also features several outbuildings, greenhouses, and an oversized garage offering abundant storage.
The third unit is a standalone building and includes a full bath; it needs updating for an eat-in kitchen. The main house also needs updating.
While the current units require renovations, the overall layout provides three distinct residential units with multiple agricultural and storage improvements already on-site.
The third unit is a standalone building and includes a full bath; it needs updating for an eat-in kitchen. The main house also needs updating.
While the current units require renovations, the overall layout provides three distinct residential units with multiple agricultural and storage improvements already on-site.
Key Highlights
- Two‑family home plus a separate third unit on 40+ acres
- Separate third unit building includes a full bath (needs updating for an eat‑in kitchen)
- Oversized storage garage plus several outbuildings and greenhouses
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 | $73.3k | $22.20 |
| − Vacancy | −$4.0k | −$1.22 |
| EGI | $69.2k | $20.98 |
| − OpEx | −$20.8k | −$6.29 |
| NOI | $48.5k | $14.69 |
3,300 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$692.3K
$605.8K – $807.7K
NOI $48,461 @ 7.0% cap · market cap 8.65%
Second Best
Apartment 5plus
$626.0K
$547.7K – $730.3K
NOI $43,817 @ 7.0% cap · market cap 7.82%
Theoretical Best
Healthcare Medical
$1.37M
$1.20M – $1.60M
NOI $95,789 @ 7.0% cap · market cap 17.11%
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 - Two-family home plus a separate third unit on 40+ acres with outbuildings, greenhouses, and an oversized storage garage.
Where is this triplex located?
The property is located at 345 Greenfield Road Deerfield, MA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Two‑family home plus a separate third unit on 40+ acres; Separate third unit building includes a full bath (needs updating for an eat‑in kitchen); Oversized storage garage plus several outbuildings and greenhouses
