Three-Unit Triplex with Renovation
New
For Sale
$325,000
5-7 Bellevue Ave, Ware, MA 01082
Residential Income, Ware, MA
Property Size1,400 SF
Lot Size0.16 Acres
Price / SF$232.14
Days on Market5
Property Features for 5-7 Bellevue Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
DTR
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 6, Bathroom 3, Bedroom 3
Parking
5
Fireplace
1
Elementary school
Per Boe
Middle school
Per Boe
High school
Per Boe
Directions
GPS Friendly Bellevue runs between Dale St and Aspen St. Park in the space to the left.
Standard status
Active
APN
M:0061 B:0000 L:0047,3419570
Size
1,400 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4285
Building Details
Year built
1940
Floors in Building
5
Number of units
3
Listing Agency:
Keller Williams Pinnacle Central · Keller Williams Realty
Listed By:
Sarah Gustafson
(508) 754-3020
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 16 at 7:06AM
MLS# 73589733
Copyright © 2026 MLS Property Information Network Inc. 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 1940-built triplex contains three units and 1,400 square feet on a 0.1626-acre lot. Two apartments are finished: one is occupied under a lease, and the other is vacant. The basement apartment has been gutted to the studs. Public records list two bedrooms in each unit; the upper floors of Units 1 and 2 have Cape-style layouts. Each apartment has electric heat and its own electric hot water heater. Additional features include some hardwood flooring, basement washer and dryer hookups, and a fireplace. The roof was replaced in 2021. The property is zoned DTR.
Key Highlights
- Three‑unit property with two finished apartments and a basement unit gutted to the studs
- 1,400 square feet on a 0.1626‑acre lot
- One finished unit is occupied under a lease; the other is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,224
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,480
$404.5K
Cap Rate 7%
$288,914
$288.9K
Cap Rate 9%
$224,711
$224.7K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$30.2K $21.60/SF
− Vacancy
−$1.3K −$0.96/SF
EGI
$28.9K $20.64/SF
− OpEx
−$8.7K −$6.19/SF
NOI
$20.2K $14.45/SF
Area
Hampshire County, MA
Vacancy
4.46%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,480
Cap Rate 7%
$288,914
Cap Rate 9%
$224,711
Alternative Uses
Best Use
Multifamily LT 5
$288.9K
$252.8K – $337.1K
NOI $20,224 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$264.2K
$231.2K – $308.2K
NOI $18,492 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$852.6K
$746.0K – $994.7K
NOI $59,680 @ 7.0% cap · market cap 18.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Explore this area
Business Placement
Demographics for 01082, MA
10,565
Population
5,021
Households
2.1
Avg Household Size
44
Median Age
26%
College-Educated
92%
High-School Grad
47.0 sq mi
ZIP Area
225
Density / Sq Mi
$71,023
Median Household Income
$49,991
Median Earnings
$1,049
Median Rent
$271,200
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?
Triplex - Two apartments are finished, while the basement unit has been stripped for renovation.
Where is this triplex located?
The property is located at 5-7 Bellevue Ave Ware, MA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Three‑unit property with two finished apartments and a basement unit gutted to the studs; 1,400 square feet on a 0.1626‑acre lot; One finished unit is occupied under a lease; the other is vacant
