6-Unit Apartment
For Sale
$1,350,000
45 Forest St, Lee, MA 01238
MultiFamily, Lee, MA
Property Size7,956 SF
Lot Size1.00 Acre
Price / SF$169.68
Days on Market50
Property Features for 45 Forest St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
12
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 3, Bedroom 5, Bedroom 3, Bedroom 10, Bedroom 7, Bedroom 11, Bathroom 6, Bathroom 5, Bathroom 2, Bathroom 4, Bathroom 1, Bedroom 4, Bedroom 8, Bedroom 1, Basement, Bedroom 2, Bedroom 6, Bedroom 9, Bedroom 12, Bathroom 7
Parking features
Off Street
Interior features
Alarm System, Cable Avail, Fireplace(s), Stone Countertop
Fireplace
1
Appliances
Refrigerator, Range, Microwave
Elementary school
Lee
Middle school
Lee
High school
Lee
Directions
Mass Pike Exit 10 (Lee) to Route 20 West toward downtown Lee. Turn right onto Forest Street. Property is #45
Subdivision
Middle Registry
Standard status
Active
APN
LEEE M:026 B:00 L:0000-0005.0
Size
7,956 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6607
Utilities
Utilities
Cable Available
Sewer type
Private Sewer
Heating system
Hot Water(Heating), Steam, Electric (Heating), Oil
Water source
Public
Building Details
Year built
1900
Number of units
6
Flooring type
Tile - Ceramic, Wood
Building materials
Wood Frame, Vinyl, Fiberglass
Roof type
Asphalt
Architectural style
Greek Revival
Listing Agency:
Lamacchia Realty, Inc. - Dalton
(413) 443-7274
Listed By:
Marc Bellora · License #9581950
(413) 418-6415
Added: Sep 11
Changed: Oct 22
Last Checked: Oct 30 at 1:06AM
MLS# 250809
Copyright © 2026 Berkshire County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 7,956-square-foot apartment property on 1 acre contains six units: a four-bedroom, two-bathroom residence and five additional apartments. Renovations have been completed in five of the six units. Property updates include a newer roof, updated electrical systems, and newer heating systems. The building dates to 1900 and includes original features, wood and ceramic tile flooring, and a fireplace. Public water, separate utilities, and off-street parking serve the property.
The Lee location is near the Massachusetts Turnpike, downtown Lee, the outlets, and Tanglewood. The property’s configuration includes one larger residence alongside five apartments, with potential for seasonal, short-term, or year-round rentals.
The Lee location is near the Massachusetts Turnpike, downtown Lee, the outlets, and Tanglewood. The property’s configuration includes one larger residence alongside five apartments, with potential for seasonal, short-term, or year-round rentals.
Key Highlights
- Six units: a four‑bedroom, two‑bathroom residence plus five apartments
- 7,956 square feet on 1 acre
- Five of the six units have been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,726
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,174,520
$2.2M
Cap Rate 7%
$1,553,229
$1.6M
Cap Rate 9%
$1,208,067
$1.2M
Market Conditions
NOI Build-Up for 7,956 SF
Gross rent
$200.5K $25.20/SF
− Vacancy
−$2.8K −$0.35/SF
EGI
$197.7K $24.85/SF
− OpEx
−$89.0K −$11.18/SF
NOI
$108.7K $13.67/SF
Area
Berkshire County, MA
Vacancy
1.40%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,174,520
Cap Rate 7%
$1,553,229
Cap Rate 9%
$1,208,067
Alternative Uses
Best Use
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,726 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,066 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Explore this area
Business Placement
Demographics for 01238, MA
5,722
Population
3,069
Households
1.9
Avg Household Size
51
Median Age
46%
College-Educated
99%
High-School Grad
27.6 sq mi
ZIP Area
207
Density / Sq Mi
$74,469
Median Household Income
$47,035
Median Earnings
$1,255
Median Rent
$332,100
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?
Apartment building - Five apartments accompany a four-bedroom residence, with separate utilities and off-street parking.
Where is this apartment building located?
The property is located at 45 Forest St Lee, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Six units: a four‑bedroom, two‑bathroom residence plus five apartments; 7,956 square feet on 1 acre; Five of the six units have been renovated
