Three-Family Residential Income
414-416 Hillside Ave Holyoke, MA 01040
New
414-416 Hillside Ave, Holyoke, MA, 01040
$450,000
For Sale
$450,000
Three-story three-family residence built in 1920 with six bedrooms and a three-car garage, sold as-is and needing work.
Property Size3,134 SF
Price / SF$143.59
Days on Market5
Property Features for 414-416 Hillside Ave
General Information
- Standard status
- Active
- Size
- 3,134 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1920
Listing agency
RE/MAX IGNITE
(413) 237-0127
Listed by
Maribel Colon
(413) 237-0127
Source
Lockandkeyre
Added: Jul 18 Updated: Jul 21 at 9:43AM Checked: Jul 21 at 9:43AM
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 RE/MAX IGNITE
Investment Insights
Based on property information with market context.
This three-family, three-story residential income property was constructed in 1920 and contains six bedrooms. The building offers multiple units with private accommodations, totaling 3,134 square feet of living space. A three-car garage is included for secure parking and additional storage. The property is being sold as-is, and the listing notes that one or more floors require work.
The property address is 414-416 Hillside Ave, Holyoke, MA 01040. Showings are deferred until Tuesday, July 21, 2026, with the first showings scheduled during the open house from 5:00 PM to 6:30 PM.
For buyers or owner-occupants looking for a sizable multi-unit dwelling with on-site parking, this residence provides a straightforward three-family configuration alongside an included garage.
The property address is 414-416 Hillside Ave, Holyoke, MA 01040. Showings are deferred until Tuesday, July 21, 2026, with the first showings scheduled during the open house from 5:00 PM to 6:30 PM.
For buyers or owner-occupants looking for a sizable multi-unit dwelling with on-site parking, this residence provides a straightforward three-family configuration alongside an included garage.
Key Highlights
- Three‑family residence at 414‑416 Hillside Ave, Holyoke, MA, built in 1920
- Approximately 3,134 SF across a three‑story building
- 6 bedrooms total with private accommodations across the multiple units
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 | $62.1k | $19.80 |
| − Vacancy | −$3.4k | −$1.09 |
| EGI | $58.6k | $18.71 |
| − OpEx | −$17.6k | −$5.61 |
| NOI | $41.0k | $13.10 |
3,134 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$586.4K
$513.1K – $684.1K
NOI $41,048 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$543.4K
$475.5K – $634.0K
NOI $38,041 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,208 @ 7.0% cap · market cap 30.05%
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 - Three-story three-family residence built in 1920 with six bedrooms and a three-car garage, sold as-is and needing work.
Where is this triplex located?
The property is located at 414-416 Hillside Ave Holyoke, MA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Three‑family residence at 414‑416 Hillside Ave, Holyoke, MA, built in 1920; Approximately 3,134 SF across a three‑story building; 6 bedrooms total with private accommodations across the multiple units
