Duplex with Multi-Bay
For Sale
$575,500
351 Bridge St, Northampton, MA 01060
Two-unit property with mixed-use zoning, substantial parking, and a large barn suited to storage or workshop use.
Property Size1,822 SF
Lot Size2.50 Acres
Price / SF$315.86
Days on Market156
Property Features for 351 Bridge St
General Information
Standard status
Active
Size
1,822 SF
Total Parking Spaces
13
Lot size
2.50 Acres
Property subtype
Multi-Family
Zoning
URA
Net Operating Income
$26,400
Property Condition
Severity
Repairs Needed
Evidence
ready for your finishing touches
Additional Details
Land Use
agricultural, residential
Taxes and HOA fees
Annual Taxes
$3,995
Amenities
barn
Building Details
Building Size
1,822 SF
Year Built
1900
Stories
4
Listing Agency:
REMAX Connections
(413) 596-8500
Listed By:
Brenda Binczewski · License #452501281
(413) 427-4286
Source:
Churchillprop
Added: May 14
Changed: Oct 6
Last Checked: Oct 16 at 6:11AM
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 REMAX Connections
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Investment Insights
Based on property information with market context.
This 1,822-square-foot duplex was built in 1900 and occupies a 2.5-acre parcel with URA zoning. The property includes a large barn with multiple bays, a sizable off-street parking area, and a two-unit residential layout. One unit has undergone substantial renovation, including rough plumbing, electrical work, and some newer flooring, while the other contains four rooms and two bedrooms and is currently occupied.
Located at 351 Bridge St in Northampton, the property is near downtown and has a history of agricultural use, including dry-bean farming, chicken raising, composting, and firewood storage. The zoning is described as mixed-use, with buyers responsible for confirming whether proposed uses comply with applicable requirements.
Located at 351 Bridge St in Northampton, the property is near downtown and has a history of agricultural use, including dry-bean farming, chicken raising, composting, and firewood storage. The zoning is described as mixed-use, with buyers responsible for confirming whether proposed uses comply with applicable requirements.
Key Highlights
- 2.5‑acre parcel with URA zoning
- 1,822 SF duplex built in 1900
- Large barn with multiple bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,320
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,400
$526.4K
Cap Rate 7%
$376,000
$376.0K
Cap Rate 9%
$292,444
$292.4K
Market Conditions
NOI Build-Up for 1,822 SF
Gross rent
$39.4K $21.60/SF
− Vacancy
−$1.8K −$0.96/SF
EGI
$37.6K $20.64/SF
− OpEx
−$11.3K −$6.19/SF
NOI
$26.3K $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%
$526,400
Cap Rate 7%
$376,000
Cap Rate 9%
$292,444
Alternative Uses
Best Use
Multifamily LT 5
$376.0K
$329.0K – $438.7K
NOI $26,320 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$343.8K
$300.8K – $401.1K
NOI $24,066 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$1.11M
$970.9K – $1.29M
NOI $77,670 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with mixed-use zoning, substantial parking, and a large barn suited to storage or workshop use.
Where is this duplex located?
The property is located at 351 Bridge St Northampton, MA.
What is the asking price?
The asking price for this property is $575,500.
What are key features of this property?
This property features: 2.5‑acre parcel with URA zoning; 1,822 SF duplex built in 1900; Large barn with multiple bays
