Building Details

Buildings 2

Tenancy Multi

Listing Agency: eXp Realty LLC Show Phone

Listed By: The Aimee Kelly Crew Show Phone

Source: Exprealty

Added: Oct 19 Changed: Nov 1 Last Checked: Nov 1 at 4:13PM

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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 eXp Realty LLC

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Investment Insights

Based on property information with market context.

The 3,517-square-foot property includes a main residence and a detached building with three separate units. The primary home has formal living and dining rooms, a kitchen, two sunrooms, and an upper-level area with its own kitchen, bedroom, and full bath. A walkout lower level adds recreation space, bonus rooms, a full bath, wine room, and laundry. The detached building contains a two-bedroom apartment, a studio, and an open-concept unit with a full bath; each has its own patio.

Set on nearly two acres, the property has two driveways and separate meters for the front and back buildings. The three units in the detached building do not have separate meters. Improvements include roofs on both buildings, an oil tank, electrical upgrades, and an electric vehicle charger in 2025; electric heating in the two-bedroom apartment and a basement bathroom in 2026; and a water tank in 2022.

Key Highlights

• 3,517‑square‑foot property on nearly two acres
• Detached building has three units: a two‑bedroom apartment, a studio, and an open‑concept unit with a full bath
• Main residence includes an upper‑level living area with a separate kitchen, bedroom, and full bath

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,455

Cap Rate

5.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$929,100 $929.1K

Cap Rate 7%

$663,643 $663.6K

Cap Rate 9%

$516,167 $516.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,517 SF

Gross rent

$88.6K $25.20/SF

− Vacancy

−$4.2K −$1.18/SF

EGI

$84.5K $24.02/SF

− OpEx

−$38.0K −$10.81/SF

NOI

$46.5K $13.21/SF

Area

Hampshire County, MA

Vacancy

4.70%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$929,100

Cap Rate 7%

$663,643

Cap Rate 9%

$516,167

Alternative Uses

Best Use

Apartment 5plus

$663.6K

$580.7K – $774.3K (±1% cap)

NOI $46,455 @ 7.0% cap · market cap 5.17%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.14M

$1.87M – $2.50M (±1% cap)

NOI $149,925 @ 7.0% cap · market cap 16.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

4

Residential units

Multi-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

19

Businesses Nearby

Explore this area Business Placement

Demographics for 01033, MA

6,092

Population

2,768

Households

2.2

Avg Household Size

47

Median Age

37%

College-Educated

94%

High-School Grad

27.8 sq mi

ZIP Area

219

Density / Sq Mi

$110,188

Median Household Income

$65,625

Median Earnings

$319,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Multifamily property - A separate main residence and three-unit structure provide multiple living arrangements across the property.

Where is this multifamily property located?

The property is located at 670 Amherst Rd Granby, MA.

What is the asking price?

The asking price for this property is $899,000.

What are key features of this property?

This property features: 3,517‑square‑foot property on nearly two acres; Detached building has three units: a two‑bedroom apartment, a studio, and an open‑concept unit with a full bath; Main residence includes an upper‑level living area with a separate kitchen, bedroom, and full bath