Apartment Building
New
For Sale
$5,795,000
50 Phillips Place, Northampton, MA 01060
Six multifamily properties include five rental buildings and a separate two-unit renovation project.
Property Size24,379 SF
Price / SF$237.70
Days on Market7
Property Features for 50 Phillips Place
General Information
Standard status
Active
Size
24,379 SF
Property subtype
Commercial
Additional Details
Asking Price
$5,795,000
Multifamily Units
23
Building Details
Year Built
1900
Listing Agency:
5 College REALTORS Northampton
Listed By:
Robert Goggins
(616) 871-9200
Source:
Hammondre
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 20 at 11:32PM
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 5 College REALTORS Northampton
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Investment Insights
Based on property information with market context.
This Northampton portfolio combines six multifamily properties. Five buildings contain 21 apartments, and a sixth property is a two-unit renovation project. Recent renovations and other improvements have been completed across the portfolio.
The properties are situated in residential neighborhoods with access to downtown Northampton, retail, dining, and other area amenities. The portfolio is offered as a single package and is not available for individual purchase.
The properties are situated in residential neighborhoods with access to downtown Northampton, retail, dining, and other area amenities. The portfolio is offered as a single package and is not available for individual purchase.
Key Highlights
- Six multifamily properties offered together
- Five rental buildings contain 21 apartments
- Separate two‑unit renovation project included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$352,170
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,043,400
$7.0M
Cap Rate 7%
$5,031,000
$5.0M
Cap Rate 9%
$3,913,000
$3.9M
Market Conditions
NOI Build-Up for 24,379 SF
Gross rent
$526.6K $21.60/SF
− Vacancy
−$23.5K −$0.96/SF
EGI
$503.1K $20.64/SF
− OpEx
−$150.9K −$6.19/SF
NOI
$352.2K $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%
$7,043,400
Cap Rate 7%
$5,031,000
Cap Rate 9%
$3,913,000
Alternative Uses
Best Use
Multifamily LT 5
$5.03M
$4.40M – $5.87M
NOI $352,170 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$4.60M
$4.03M – $5.37M
NOI $322,012 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$14.85M
$12.99M – $17.32M
NOI $1,039,248 @ 7.0% cap · market cap 17.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
23
Residential units
Location Intelligence
Trade Area within ½ mile
2,225
Businesses Nearby
Explore this area
Business Placement
Demographics for 01060, MA
14,461
Population
7,875
Households
1.8
Avg Household Size
42
Median Age
69%
College-Educated
95%
High-School Grad
10.9 sq mi
ZIP Area
1,327
Density / Sq Mi
$75,077
Median Household Income
$49,151
Median Earnings
$1,460
Median Rent
$427,100
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?
Apartment building - Six multifamily properties include five rental buildings and a separate two-unit renovation project.
Where is this apartment building located?
The property is located at 50 Phillips Place Northampton, MA.
What is the asking price?
The asking price for this property is $5,795,000.
What are key features of this property?
This property features: Six multifamily properties offered together; Five rental buildings contain 21 apartments; Separate two‑unit renovation project included
