Three-Unit Residential
5 Bellevue Ave, Ware, MA 01082
For Sale
$325,000
Two units are finished, while the basement unit has been stripped for renovation.
Property Size1,400 SF
Price / SF$232.14
Days on Market27
Property Features for 5 Bellevue Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
hardwood flooring
basement washer/dryer hookups
Building Details
Construction
Listing Agency:
Keller Williams Pinnacle Central
(508) 754-3020
Listed By:
Stacey M. Hamel · License #453011592
(774) 289-6135
Source:
Exprealty
Added: Oct 12
Changed: Nov 7
Last Checked: Nov 6 at 1:50PM
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 Keller Williams Pinnacle Central
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-unit residential property in Ware has two finished apartments and a third unit in the basement that has been gutted to the studs. One completed unit is occupied under lease; the other is vacant. Public records show two bedrooms per unit. Each apartment has electric heat and a separate electric hot water heater. Additional features include some hardwood flooring and basement washer and dryer hookups. The roof was replaced in 2021.
Key Highlights
- Three units; public records show two bedrooms in each
- Two units are finished; one is occupied under lease and one is vacant
- Basement apartment has been gutted to the studs
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.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two units are finished, while the basement unit has been stripped for renovation.
Where is this triplex located?
The property is located at 5 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 units; public records show two bedrooms in each; Two units are finished; one is occupied under lease and one is vacant; Basement apartment has been gutted to the studs
