Three-Family Townhouse-Style
For Sale
$598,400
55 Northampton St, Easthampton, MA 01027
Three-family residence with two leased units and a remodeled vacant two-bedroom, townhouse-style unit over two floors.
Property Size3,014 SF
Price / SF$198.54
Days on Market9
Property Features for 55 Northampton St
General Information
Standard status
Active
Size
3,014 SF
Property subtype
3 Family
Additional Details
Multifamily Units
3
Building Details
Building Size
3,014 SF
Year Built
1900
Listing Agency:
Delap Real Estate LLC
(413) 923-7622
Listed By:
Tess Coburn-Salem · License #452508574
(413) 923-7622
Source:
Iverty
Added: Jul 23
Changed: Jul 26
Last Checked: Jul 30 at 5:38AM
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 Delap Real Estate LLC
Investment Insights
Based on property information with market context.
This three-family residential property offers a mix of leased and vacant space. Two units are currently leased and feature spacious layouts with high ceilings, wood floors, and abundant natural light. The third unit is vacant and being remodeled, with a standout townhouse-style configuration spanning two floors, including two bedrooms and 1.5 bathrooms.
The property includes a separate basement and laundry for the townhouse-style unit, along with a full basement that can support storage needs. Heating is provided by efficient natural gas, and utilities are set up separately for the units, with an owner’s electrical panel intended to keep operating costs distinct. Off-street parking is also available for three households, supporting day-to-day convenience across all three units.
Overall, the building is designed for practical multi-unit ownership, with separate unit utilities and dedicated basement/laundry arrangements for the remodeled space, while the leased units provide current rental income.
The property includes a separate basement and laundry for the townhouse-style unit, along with a full basement that can support storage needs. Heating is provided by efficient natural gas, and utilities are set up separately for the units, with an owner’s electrical panel intended to keep operating costs distinct. Off-street parking is also available for three households, supporting day-to-day convenience across all three units.
Overall, the building is designed for practical multi-unit ownership, with separate unit utilities and dedicated basement/laundry arrangements for the remodeled space, while the leased units provide current rental income.
Key Highlights
- Three‑family residence (built 1900) with two leased units plus one vacant unit currently being remodeled
- Two leased units: spacious layouts with high ceilings, wood floors, and lots of natural light
- Remodeled vacant unit is a 2‑bedroom, 1.5‑bath townhouse‑style layout over two floors
Financial Insights For Multifamily LT 5
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 | $65.1k | $21.60 |
| − Vacancy | −$2.9k | −$0.96 |
| EGI | $62.2k | $20.64 |
| − OpEx | −$18.7k | −$6.19 |
| NOI | $43.5k | $14.45 |
3,014 SF · lease $21.60/SF/yr · vacancy 4.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$622.0K
$544.2K – $725.7K
NOI $43,539 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$568.7K
$497.6K – $663.5K
NOI $39,811 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,483 @ 7.0% cap · market cap 21.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
533
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family residence with two leased units and a remodeled vacant two-bedroom, townhouse-style unit over two floors.
Where is this triplex located?
The property is located at 55 Northampton St Easthampton, MA.
What is the asking price?
The asking price for this property is $598,400.
What are key features of this property?
This property features: Three‑family residence (built 1900) with two leased units plus one vacant unit currently being remodeled; Two leased units: spacious layouts with high ceilings, wood floors, and lots of natural light; Remodeled vacant unit is a 2‑bedroom, 1.5‑bath townhouse‑style layout over two floors
