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Spacious Two-Family Home with Updates

51-53 Ridgewood Ave, Holyoke, MA 01040

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For Sale

$399,900

Two units, updated kitchens, wood floors, and outdoor space.

Type:Multi Family Home

Property size:

2,744 SF

Price / SF:

$145/SF

HighLights

Two units, each with 3 bedrooms and 1 bath, offering flexibility.
Updated first‑floor unit with an open‑concept kitchen, ideal for modern living.
Garage, fenced yard, and patio provide ample outdoor space.
Electric vehicle charging capability and updated wiring for modern convenience.
Front and rear porches on both units extend living space outdoors.
Open attic offers potential for future expansion and storage.

We can help!

Listing Contact

Carrie A. Blair

Learn more

For Sale

$399,900

Two units, updated kitchens, wood floors, and outdoor space.

Type:Multi Family Home

Property size:

2,744 SF

Price / SF:

$145/SF

Added:: Apr 23, 2026
Days on Market:: 50
Last Refresh:: Apr 23 at 7:34 am

Property Features for 51-53 Ridgewood Ave

General Information

Standard status: Active
Size: 2,744 SF
Property subtype: Multi Family Home

Building Details

Year Built: 1920

We can help!

Listing Contact

Carrie A. Blair

Listing agent Carrie A. Blair

Listing office Keller Williams Realty

Listing date Apr 23, 2026

Source Alliancepartnersre

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 Realty

HighLights

Two units, each with 3 bedrooms and 1 bath, offering flexibility.
Updated first‑floor unit with an open‑concept kitchen, ideal for modern living.
Garage, fenced yard, and patio provide ample outdoor space.
Electric vehicle charging capability and updated wiring for modern convenience.
Front and rear porches on both units extend living space outdoors.
Open attic offers potential for future expansion and storage.

Overview

This two-family home presents a versatile opportunity for both owner-occupants and investors. Each unit includes 3 bedrooms and 1 full bath, along with formal living and dining rooms. Wood floors are present throughout both units. The first-floor unit features an updated kitchen and an open-concept layout. Both units have front and rear porches. The property includes a garage, a fenced yard, and a patio. Electric vehicle charging capability is available, and the wiring has been updated. The open attic offers potential for future expansion and storage. The property size is 2744 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$54.3k	$19.80
− Vacancy	−$3.0k	−$1.09
EGI	$51.3k	$18.71
− OpEx	−$15.4k	−$5.61
NOI	$35.9k	$13.10

2,744 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$513.4K

$449.3K – $599.0K (±1% cap)

NOI $35,940 @ 7.0% cap · market cap 8.99%

Second Best

Apartment 5plus

$475.8K

$416.3K – $555.1K (±1% cap)

NOI $33,307 @ 7.0% cap · market cap 8.33%

Theoretical Best

Office A

$1.69M

$1.48M – $1.97M (±1% cap)

NOI $118,383 @ 7.0% cap · market cap 29.60%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Holyoke
County: Hampden
State: Massachusetts
Longitude: -72.6333267
Latitude: 42.2048236

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For sale
Duplexes
MA
Holyoke
01040
51-53 Ridgewood Ave

What type of property is this?

Duplex - Two units, updated kitchens, wood floors, and outdoor space.

Where is this duplex located?

The property is located at 51-53 Ridgewood Ave Holyoke, MA.

What is the asking price?

The asking price for this property is $399,900.

What are key features of this property?

This property features: Two units, each with 3 bedrooms and 1 bath, offering flexibility.; **Updated first‑floor unit with an open‑concept kitchen, ideal for modern living.**; **Garage, fenced yard, and patio provide ample outdoor space.**