Triplex with Detached
New
For Sale
$479,458
43 Vernon Street, Holyoke, MA 01040
The renovated first-floor apartment will be delivered vacant with four bedrooms, two bathrooms, and a quartz-counter kitchen.
Property Size2,993 SF
Price / SF$160.19
Days on Market6
Property Features for 43 Vernon Street
General Information
Standard status
Active
Size
2,993 SF
Total Parking Spaces
2
Property subtype
Multi-family
Units
Multifamily Units
3
Individually Metered Utilities
electricity
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Amenities
backyard
Building Details
Year Built
1900
Listing Agency:
Gallagher Real Estate
Listed By:
The Gallagher,Aguasvivas & Bloom Team
(413) 536-7232
Source:
Cbcommunityrealtors
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 1 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 Gallagher Real Estate
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Investment Insights
Based on property information with market context.
This 2,993-square-foot triplex, built in 1900, contains three apartments. The first-floor unit has four bedrooms, two renovated bathrooms, a remodeled kitchen with quartz countertops, and stainless steel appliances; it will be delivered vacant. Updates include replacement windows, a rear porch completed in 2025, a roof installed within the last five years, and water heaters replaced in recent years. Each apartment has a separate electrical meter, with an additional meter for common areas, and the building has three gas boilers.
The other two apartments are occupied by long-term tenants. The property also includes a detached two-car garage and a backyard. It sits across from a park and within a short drive of major highways.
The other two apartments are occupied by long-term tenants. The property also includes a detached two-car garage and a backyard. It sits across from a park and within a short drive of major highways.
Key Highlights
- Three‑apartment property with 2,993 square feet; built in 1900
- Vacant first‑floor unit with 4 bedrooms, 2 renovated bathrooms, quartz countertops, and stainless steel appliances
- Three separate apartment electrical meters, plus a common‑area meter; 3 gas boilers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,201
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,020
$784.0K
Cap Rate 7%
$560,014
$560.0K
Cap Rate 9%
$435,567
$435.6K
Market Conditions
NOI Build-Up for 2,993 SF
Gross rent
$59.3K $19.80/SF
− Vacancy
−$3.3K −$1.09/SF
EGI
$56.0K $18.71/SF
− OpEx
−$16.8K −$5.61/SF
NOI
$39.2K $13.10/SF
Area
Hampden County, MA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,020
Cap Rate 7%
$560,014
Cap Rate 9%
$435,567
Alternative Uses
Best Use
Multifamily LT 5
$560.0K
$490.0K – $653.4K
NOI $39,201 @ 7.0% cap · market cap 8.18%
Second Best
Apartment 5plus
$519.0K
$454.1K – $605.5K
NOI $36,330 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,125 @ 7.0% cap · market cap 26.93%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Explore this area
Business Placement
Demographics for 01040, MA
38,238
Population
17,057
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
79%
High-School Grad
21.2 sq mi
ZIP Area
1,804
Density / Sq Mi
$51,892
Median Household Income
$41,801
Median Earnings
$1,016
Median Rent
$255,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The renovated first-floor apartment will be delivered vacant with four bedrooms, two bathrooms, and a quartz-counter kitchen.
Where is this triplex located?
The property is located at 43 Vernon Street Holyoke, MA.
What is the asking price?
The asking price for this property is $479,458.
What are key features of this property?
This property features: Three‑apartment property with 2,993 square feet; built in 1900; Vacant first‑floor unit with 4 bedrooms, 2 renovated bathrooms, quartz countertops, and stainless steel appliances; Three separate apartment electrical meters, plus a common‑area meter; 3 gas boilers
