Two-Unit Residential Income
346 Federal St Greenfield, MA 01301
346 Federal St, Greenfield, MA, 01301
$325,000
For Sale
$325,000
Spacious two-unit property with two bedrooms, 1 full bath, living and dining areas, kitchens, and laundry hookups per unit.
Property Size2,180 SF
Price / SF$149.08
Days on Market64
Property Features for 346 Federal St
General Information
- Standard status
- Active
- Size
- 2,180 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1900
Listing agency
Ruggeri Real Estate
(413) 824-0184
Listed by
Alayna Zellmann
(413) 824-0184
Source
Lockandkeyre
Added: May 19 Updated: Jul 20 at 6:37PM Checked: Jul 21 at 3:20AM
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 Ruggeri Real Estate
Investment Insights
Based on property information with market context.
346 Federal Street is a spacious two-unit multifamily residence configured for separate living arrangements. Each unit includes 2 bedrooms, 1 full bath, a living room, dining room, kitchen, laundry hookups, and dedicated storage space. The layout provides separate living areas with flexible room configurations and generous room sizes throughout.
The property features a large wraparound porch and ample parking. It is located conveniently close to downtown amenities, shopping, restaurants, and major routes.
The building is in need of some work, making it well-suited for renovation and value-add based on the updates it requires.
The property features a large wraparound porch and ample parking. It is located conveniently close to downtown amenities, shopping, restaurants, and major routes.
The building is in need of some work, making it well-suited for renovation and value-add based on the updates it requires.
Key Highlights
- Two‑unit multifamily built in 1900 with separate living areas and flexible layouts
- Each unit offers 2 bedrooms, 1 full bath, a living room, dining room, and kitchen
- Laundry hookups and dedicated storage space included for each unit
Local Financial Insights For Apartment 5plus
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 | $54.9k | $25.20 |
| − Vacancy | −$2.3k | −$1.06 |
| EGI | $52.6k | $24.14 |
| − OpEx | −$23.7k | −$10.86 |
| NOI | $28.9k | $13.28 |
2,180 SF · lease $25.20/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$457.3K
$400.2K – $533.6K
NOI $32,014 @ 7.0% cap · market cap 9.85%
Second Best
Apartment 5plus
$413.5K
$361.8K – $482.4K
NOI $28,946 @ 7.0% cap · market cap 8.91%
Theoretical Best
Healthcare Medical
$904.0K
$791.0K – $1.05M
NOI $63,279 @ 7.0% cap · market cap 19.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Spacious two-unit property with two bedrooms, 1 full bath, living and dining areas, kitchens, and laundry hookups per unit.
Where is this duplex located?
The property is located at 346 Federal St 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‑unit multifamily built in 1900 with separate living areas and flexible layouts; Each unit offers 2 bedrooms, 1 full bath, a living room, dining room, and kitchen; Laundry hookups and dedicated storage space included for each unit
