Two-Family Home with 3-Car
For Sale
$499,900
5-7 Corser St, Holyoke, MA 01040
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 Market106
Property Features for 5-7 Corser St
General Information
Standard status
Active
Size
3,021 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Zoning
R-2
Net Operating Income
$46,800
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,362
Building Details
Building Size
3,021 SF
Year Built
1928
Stories
2
Tenancy
Multi
Listing Agency:
Unicorn Realty
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 13
Changed: Sep 24
Last Checked: Sep 24 at 8:15AM
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 Unicorn Realty
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,568
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 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
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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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
