Two-Family Home with 3-Car
5-7 Corser St, Holyoke, MA 01040
For Sale
$479,900
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$158.85
Days on Market151
Property Features for 5-7 Corser St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Net Operating Income
Additional Details
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
Gallagher Real Estate
(877) 533-3539
Listed By:
Paul Gallagher · License MA REB.0790100
(413) 218-4899
Source:
Churchillprop
Added: Jun 13
Changed: Nov 2
Last Checked: Nov 10 at 6:13AM
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 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
Estimated NOI and Cap Rate
NOI / Yr
$39,568
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$791,360
$791.4K
Cap Rate 7%
$565,257
$565.3K
Cap Rate 9%
$439,644
$439.6K
Market Conditions
NOI Build-Up for 3,021 SF
Gross rent
$59.8K $19.80/SF
− Vacancy
−$3.3K −$1.09/SF
EGI
$56.5K $18.71/SF
− OpEx
−$17.0K −$5.61/SF
NOI
$39.6K $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%
$791,360
Cap Rate 7%
$565,257
Cap Rate 9%
$439,644
Alternative Uses
Best Use
Multifamily LT 5
$565.3K
$494.6K – $659.5K
NOI $39,568 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$523.8K
$458.4K – $611.2K
NOI $36,669 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,333 @ 7.0% cap · market cap 27.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
780
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
$255,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Holyoke, MA
Properties on Market for Duplexes in Holyoke
Vacancy Rate% for Multifamily in Northeast region
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 $479,900.
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
