Five-Unit Apartment
53 Mahaiwe Great Barrington, MA 01230
53 Mahaiwe, Great Barrington, MA, 01230
$600,000
For Sale
$600,000
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 Market58
Property Features for 53 Mahaiwe
General Information
- Standard status
- Active
- Size
- 3,502 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
WILLIAM RAVEIS - BERKSHIRE
Listed by
Lance Vermeulen
(413) 637-4200
Source
Berkshirehouses
Added: May 25 Updated: Jul 20 at 9:29PM Checked: Jul 21 at 8:12AM
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
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
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.3k | $25.20 |
| − Vacancy | −$1.2k | −$0.35 |
| EGI | $87.0k | $24.85 |
| − OpEx | −$39.2k | −$11.18 |
| NOI | $47.9k | $13.67 |
3,502 SF · lease $25.20/SF/yr · vacancy 1.40% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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
