Two-Family Residential Income
For Sale
$659,000
559 Pulpit Hill Road, Amherst, MA 01002
Well-maintained two-family property with two 3-bedroom, 1-bath units, in-unit laundry, and an owned solar system.
Property Size1,934 SF
Lot Size1.66 Acres
Price / SF$340.74
Days on Market20
Property Features for 559 Pulpit Hill Road
General Information
Standard status
Active
Size
1,934 SF
Lot size
1.66 Acres
Property subtype
Multi-family
Amenities
in-house laundry
owned solar system
Building Details
Year Built
1984
Tenancy
Multi
Listing Agency:
Delap Real Estate LLC
Listed By:
Tess Coburn-Salem
(413) 586-7000
Source:
Gogginsrealestate
Added: Jul 11
Changed: Jul 29
Last Checked: Jul 30 at 6:45PM
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 well-maintained two-family investment property was built in 1984 and features two 3-bedroom, 1-bath units, for a total of 6 bedrooms. One unit has been updated, and both units include in-house laundry. The property also comes with an owned solar system designed to help offset utility costs.
Located on Pulpit Hill Road in Amherst, the home is minutes from Puffer’s Pond and about 3 miles to UMass and downtown Amherst. The surrounding area provides convenient access to restaurants, shops, and major campus destinations.
The property is offered for sale as a residential income asset and is described as having an excellent rental history, with day-one cash flow potential noted in the remarks.
Located on Pulpit Hill Road in Amherst, the home is minutes from Puffer’s Pond and about 3 miles to UMass and downtown Amherst. The surrounding area provides convenient access to restaurants, shops, and major campus destinations.
The property is offered for sale as a residential income asset and is described as having an excellent rental history, with day-one cash flow potential noted in the remarks.
Key Highlights
- Built in 1984 two‑family on 1.66 acres, offering two 3‑bedroom, 1‑bath units (6 bedrooms total).
- Both units have in‑house laundry.
- One unit has been updated.
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 | $41.8k | $21.60 |
| − Vacancy | −$1.9k | −$0.96 |
| EGI | $39.9k | $20.64 |
| − OpEx | −$12.0k | −$6.19 |
| NOI | $27.9k | $14.45 |
1,934 SF · lease $21.60/SF/yr · vacancy 4.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$399.1K
$349.2K – $465.6K
NOI $27,938 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$364.9K
$319.3K – $425.8K
NOI $25,545 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,444 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Explore this area
Business Placement
Demographics for 01002, MA
27,558
Population
11,089
Households
2.5
Avg Household Size
30
Median Age
74%
College-Educated
97%
High-School Grad
53.3 sq mi
ZIP Area
517
Density / Sq Mi
$69,411
Median Household Income
$22,570
Median Earnings
$1,561
Median Rent
$449,000
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?
Duplex - Well-maintained two-family property with two 3-bedroom, 1-bath units, in-unit laundry, and an owned solar system.
Where is this duplex located?
The property is located at 559 Pulpit Hill Road Amherst, MA.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Built in 1984 two‑family on 1.66 acres, offering two 3‑bedroom, 1‑bath units (6 bedrooms total).; Both units have in‑house laundry.; One unit has been updated.
