Two-Family Home with 3-Car
5-7 Corser St Holyoke, MA 01040
For Sale
$499,900
Two separate units each offer hardwood floors and a living room fireplace, plus separate utilities and a large 3-car garage.
Property Size3,021 SF
Price / SF$165.48
Days on Market48
Property Features for 5-7 Corser St
General Information
Standard status
Active
Size
3,021 SF
Property subtype
Multi-Family
Building Details
Year Built
1928
Listing Agency:
Castlearch Property Advisors
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 13
Changed: Jul 26
Last Checked: Jul 30 at 3:03AM
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 Castlearch Property Advisors
Investment Insights
Based on property information with market context.
This two-family home includes two separate apartments with hardwood floors throughout and a fireplace in each living room. The property provides separate utilities for each unit, and both apartments are described as having 3 bedrooms and 1 bathroom. The first-floor unit has just become vacant, making the layout suitable for an owner occupant.
The home is located in Oakdale within walking distance to Holyoke Medical Center. Major highway access is close by, with I-91 and I-90 mentioned in the remarks.
The property is set on a large configuration that includes a 3-car garage, supporting parking and storage needs for residents.
The home is located in Oakdale within walking distance to Holyoke Medical Center. Major highway access is close by, with I-91 and I-90 mentioned in the remarks.
The property is set on a large configuration that includes a 3-car garage, supporting parking and storage needs for residents.
Key Highlights
- 1928‑built 2‑family home in Oakdale, within walking distance to Holyoke Medical Center
- Two separate units, each with hardwood floors and a living room fireplace
- Each unit has 3 bedrooms and 1 bathroom, with 6 rooms per apartment
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 | $59.8k | $19.80 |
| − Vacancy | −$3.3k | −$1.09 |
| EGI | $56.5k | $18.71 |
| − OpEx | −$17.0k | −$5.61 |
| NOI | $39.6k | $13.10 |
3,021 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$565.3K
$494.6K – $659.5K
NOI $39,568 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$523.8K
$458.4K – $611.2K
NOI $36,669 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,333 @ 7.0% cap · market cap 26.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units each offer hardwood floors and a living room fireplace, plus separate utilities and a large 3-car garage.
Where is this duplex located?
The property is located at 5-7 Corser St Holyoke, MA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1928‑built 2‑family home in Oakdale, within walking distance to Holyoke Medical Center; Two separate units, each with hardwood floors and a living room fireplace; Each unit has 3 bedrooms and 1 bathroom, with 6 rooms per apartment
