Turnkey Duplex Compound
For Sale
$985,000
392-394 Park, Great Barrington, MA 01236
Two separate legal duplexes on one lot provide four renovated units with off-street parking and town utilities.
Property Size5,730 SF
Lot Size0.59 Acres
Price / SF$171.90
Days on Market24
Property Features for 392-394 Park
General Information
Standard status
Active
Size
5,730 SF
Lot size
0.59 Acres
Property subtype
Multi-family
Additional Details
Multifamily Units
4
Building Details
Year Built
1900
Construction
Swiss-Gothic
Tenancy
Multi
Listing Agency:
WILLIAM PITT SOTHEBY'S - GT BARRINGTON
Listed By:
Antonio M Segalla
(413) 458-5000
Source:
Harschrealestate
Added: Jul 12
Changed: Jul 24
Last Checked: Aug 3 at 2:52PM
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 WILLIAM PITT SOTHEBY'S - GT BARRINGTON
Investment Insights
Based on property information with market context.
Turnkey investment compound featuring two separate legal duplexes totaling four residential units. The front home includes a 5-bedroom/2-bath unit along with a 2-bedroom flat and a prominent street-front walk-out lower level. The rear Swiss-Gothic home contains two updated 2-bedroom units.
The property sits on a 0.59-acre lot with a sprawling backyard that includes a community garden and fruit-bearing trees. Town sewer and water are in place, and the compound is fully insulated with four separate heating/electric systems to support easier management. Off-street parking is available for 10+ vehicles.
The exterior configuration includes the front and rear residences with independent unit layouts, and each building is equipped for separate utility management via its own heating/electric systems.
The property sits on a 0.59-acre lot with a sprawling backyard that includes a community garden and fruit-bearing trees. Town sewer and water are in place, and the compound is fully insulated with four separate heating/electric systems to support easier management. Off-street parking is available for 10+ vehicles.
The exterior configuration includes the front and rear residences with independent unit layouts, and each building is equipped for separate utility management via its own heating/electric systems.
Key Highlights
- One lot with two separate legal duplexes (4 total units), featuring renovated interiors
- 394 Park St rear Swiss‑Gothic home with two updated 2BR units
- 392 Park St front home includes a 5BR/2BA unit plus a 2BR flat and a prominent street‑front walk‑out lower level
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 | $123.8k | $21.60 |
| − Vacancy | −$1.6k | −$0.29 |
| EGI | $122.1k | $21.31 |
| − OpEx | −$36.6k | −$6.39 |
| NOI | $85.5k | $14.92 |
5,730 SF · lease $21.60/SF/yr · vacancy 1.33% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,485 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$1.12M
$978.8K – $1.31M
NOI $78,306 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,442 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Explore this area
Business Placement
Demographics for 01236, MA
1,513
Population
789
Households
1.9
Avg Household Size
48
Median Age
62%
College-Educated
97%
High-School Grad
6.6 sq mi
ZIP Area
229
Density / Sq Mi
$91,172
Median Household Income
$48,301
Median Earnings
$481,300
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 separate legal duplexes on one lot provide four renovated units with off-street parking and town utilities.
Where is this duplex located?
The property is located at 392-394 Park Great Barrington, MA.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: One lot with two separate legal duplexes (4 total units), featuring renovated interiors; 394 Park St rear Swiss‑Gothic home with two updated 2BR units; 392 Park St front home includes a 5BR/2BA unit plus a 2BR flat and a prominent street‑front walk‑out lower level
