Three-Unit Triplex with
55-57 Ward Avenue, Easthampton, MA 01027
For Sale
New
$795,000
The three apartments offer a mix of two- and three-bedroom layouts, with one full bathroom in each unit.
Property Size3,110 SF
Price / SF$255.63
Days on Market5
Property Features for 55-57 Ward Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listed By:
Kate Carney Iles
(413) 531-1161
Source:
Delaprealestate
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 5:06AM
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 Kate Carney Iles
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Investment Insights
Based on property information with market context.
This 3,110-square-foot triplex, built in 1901, contains three apartments. The first- and second-floor units each have three bedrooms and one full bathroom; the third-floor apartment has two bedrooms and one full bathroom. Flooring includes hardwood, luxury vinyl plank, and carpet. The first-floor kitchen has newer appliances, and the second-floor unit includes an enclosed porch.
The property also has a three-car garage and a yard. A high school, park, pond, and downtown area are within walking distance. The yard has been described as having potential for an accessory dwelling unit, subject to local zoning and permitting requirements.
The property also has a three-car garage and a yard. A high school, park, pond, and downtown area are within walking distance. The yard has been described as having potential for an accessory dwelling unit, subject to local zoning and permitting requirements.
Key Highlights
- 3,110‑square‑foot triplex built in 1901
- Unit mix: two 3‑bedroom, 1‑bath apartments and one 2‑bedroom, 1‑bath apartment
- Three‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,926
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$898,520
$898.5K
Cap Rate 7%
$641,800
$641.8K
Cap Rate 9%
$499,178
$499.2K
Market Conditions
NOI Build-Up for 3,110 SF
Gross rent
$67.2K $21.60/SF
− Vacancy
−$3.0K −$0.96/SF
EGI
$64.2K $20.64/SF
− OpEx
−$19.3K −$6.19/SF
NOI
$44.9K $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%
$898,520
Cap Rate 7%
$641,800
Cap Rate 9%
$499,178
Alternative Uses
Best Use
Multifamily LT 5
$641.8K
$561.6K – $748.8K
NOI $44,926 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$586.8K
$513.5K – $684.7K
NOI $41,079 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,576 @ 7.0% cap · market cap 16.68%
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
505
Businesses Nearby
Explore this area
Business Placement
Demographics for 01027, MA
17,896
Population
9,221
Households
1.9
Avg Household Size
46
Median Age
41%
College-Educated
93%
High-School Grad
40.6 sq mi
ZIP Area
441
Density / Sq Mi
$73,657
Median Household Income
$45,652
Median Earnings
$1,195
Median Rent
$348,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The three apartments offer a mix of two- and three-bedroom layouts, with one full bathroom in each unit.
Where is this triplex located?
The property is located at 55-57 Ward Avenue Easthampton, MA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 3,110‑square‑foot triplex built in 1901; Unit mix: two 3‑bedroom, 1‑bath apartments and one 2‑bedroom, 1‑bath apartment; Three‑car garage
