Two-Family Residential
38 Ward Avenue Easthampton, MA 01027
38 Ward Avenue, Easthampton, MA, 01027
$575,000
Pending
For Sale
$575,000
Pending
Two-unit residential property with updated exterior, finished basement, and garages, minutes from local schools and town amenities.
Property Size1,648 SF
Days on Market89
Property Features for 38 Ward Avenue
General Information
- Standard status
- Pending
- Size
- 1,648 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1910
Listing agency
Keller Williams Realty
(413) 585-0022
Listed by
Amy Heflin · License #9022324
(413) 585-0022
Source
Compass
Added: Apr 24 Updated: Jul 20 at 6:08PM Checked: Jul 21 at 5:57AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This well-maintained two-family residence offers two bedrooms per apartment and includes additional basement amenities. Each unit features a living area with a fireplace and access to an outdoor porch space, and the first-floor layout includes hardwood flooring. The kitchens have been upgraded with tile backsplash and ample cabinet space, with natural light over the sink and cooking area. The basement level includes an extra bathroom positioned next to laundry hookup connections, along with built-in bookshelves and a bulkhead, and there is additional porch space including enclosed areas suitable for seasonal use.
The property has updated roof, vinyl windows, and siding, and is supported by a driveway in good condition and a decorative stone wall for curb appeal. A large garage in good condition includes a workshop area. It is located near Easthampton High School and Williston Prep, and is described as about a 6-minute walk to town, the boardwalk, and Cottage Street.
Building systems include an updated Buderus heating unit. The exterior includes yard space, and the property is also noted as not far from the Manhan Bike Trail.
The property has updated roof, vinyl windows, and siding, and is supported by a driveway in good condition and a decorative stone wall for curb appeal. A large garage in good condition includes a workshop area. It is located near Easthampton High School and Williston Prep, and is described as about a 6-minute walk to town, the boardwalk, and Cottage Street.
Building systems include an updated Buderus heating unit. The exterior includes yard space, and the property is also noted as not far from the Manhan Bike Trail.
Key Highlights
- Two‑family home built in 1910 with 3 total baths and 1 fireplace
- Finished basement with full basement, sump pump, concrete floor, and built‑in bookshelves
- Updated Buderus heating unit for the building
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 | $35.6k | $21.60 |
| − Vacancy | −$1.6k | −$0.96 |
| EGI | $34.0k | $20.64 |
| − OpEx | −$10.2k | −$6.19 |
| NOI | $23.8k | $14.45 |
1,648 SF · lease $21.60/SF/yr · vacancy 4.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$340.1K
$297.6K – $396.8K
NOI $23,806 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$311.0K
$272.1K – $362.8K
NOI $21,768 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$1.00M
$878.2K – $1.17M
NOI $70,252 @ 7.0% cap · market cap 12.22%
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 - Two-unit residential property with updated exterior, finished basement, and garages, minutes from local schools and town amenities.
Where is this duplex located?
The property is located at 38 Ward Avenue Easthampton, MA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two‑family home built in 1910 with 3 total baths and 1 fireplace; Finished basement with full basement, sump pump, concrete floor, and built‑in bookshelves; Updated Buderus heating unit for the building
