Five-Unit Apartment
For Sale
$600,000
53 Mahaiwe, Great Barrington, MA 01230
Five-unit multifamily property offering four one-bedroom units and one two-bedroom unit, with on-site parking.
Property Size3,502 SF
Price / SF$171.33
Days on Market182
Property Features for 53 Mahaiwe
General Information
Standard status
Active
Size
3,502 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
5
Building Details
Year Built
1900
Listing Agency:
WILLIAM RAVEIS - BERKSHIRE
Listed By:
Lance Vermeulen · License #9038947
(413) 329-7330
Source:
Berkshirehouses
Added: Apr 22
Changed: Oct 19
Last Checked: Oct 19 at 9:07AM
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 WILLIAM RAVEIS - BERKSHIRE
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Investment Insights
Based on property information with market context.
This five-unit apartment building includes four one-bedroom apartments and one two-bedroom apartment. Each unit has its own separate heating and electrical systems. The property also offers on-site parking, along with a detached garage/workshop that could be rented separately for additional income or used as tenant storage.
Located for everyday convenience, the building is described as being near stores and a hospital, supporting consistent rental demand.
The mix of one- and two-bedroom layouts provides flexibility for tenant households, while individual heating and electrical services can help simplify utility management for occupants.
Located for everyday convenience, the building is described as being near stores and a hospital, supporting consistent rental demand.
The mix of one- and two-bedroom layouts provides flexibility for tenant households, while individual heating and electrical services can help simplify utility management for occupants.
Key Highlights
- Five‑unit multifamily with four 1‑bedroom units and one 2‑bedroom unit
- Each unit has separate heating and electrical systems
- On‑site parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,858
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,160
$957.2K
Cap Rate 7%
$683,686
$683.7K
Cap Rate 9%
$531,756
$531.8K
Market Conditions
NOI Build-Up for 3,502 SF
Gross rent
$88.3K $25.20/SF
− Vacancy
−$1.2K −$0.35/SF
EGI
$87.0K $24.85/SF
− OpEx
−$39.2K −$11.18/SF
NOI
$47.9K $13.67/SF
Area
Berkshire County, MA
Vacancy
1.40%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,160
Cap Rate 7%
$683,686
Cap Rate 9%
$531,756
Alternative Uses
Best Use
Apartment 5plus
$683.7K
$598.2K – $797.6K
NOI $47,858 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$897.2K – $1.20M
NOI $71,777 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
Explore this area
Business Placement
Demographics for 01230, MA
8,907
Population
5,025
Households
1.8
Avg Household Size
52
Median Age
49%
College-Educated
95%
High-School Grad
97.0 sq mi
ZIP Area
92
Density / Sq Mi
$82,871
Median Household Income
$40,397
Median Earnings
$1,286
Median Rent
$479,200
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 - Five-unit multifamily property offering four one-bedroom units and one two-bedroom unit, with on-site parking.
Where is this apartment building located?
The property is located at 53 Mahaiwe Great Barrington, MA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Five‑unit multifamily with four 1‑bedroom units and one 2‑bedroom unit; Each unit has separate heating and electrical systems; On‑site parking included
