Renovated Sheffield Ranch with
689 North Main Street Sheffield, MA 01257
689 North Main Street, Sheffield, MA, 01257
$459,000
For Sale
$459,000
Versatile property with live/work, investment, or business potential.
Property Size2,258 SF
Lot Size0.50 Acres
Price / SF$203.28
Days on Market80
Property Features for 689 North Main Street
General Information
- Standard status
- Active
- Size
- 2,258 SF
- Lot size
- 0.50 Acres
- Property subtype
- MultiFamily
Building Details
- Year Built
- 1957
Listing agency
HOUSATONIC REAL ESTATE
(203) 209-8769
Listed by
Judi Panzano · License #9585682
(203) 209-8769
Source
Compass
Added: May 3 Updated: Jul 10 at 3:59PM Checked: Jul 21 at 6:54AM
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 HOUSATONIC REAL ESTATE
Investment Insights
Based on property information with market context.
This renovated 2,258 square foot ranch-style property is located in Sheffield, Massachusetts, on a 0.50-acre commercially zoned lot. It is situated a 5-minute drive from downtown Great Barrington, offering live/work, investment, or business potential. The main residence features 3 bedrooms, a new kitchen, a full bath, a washer/dryer, and a garage. An adjoining apartment includes a kitchen with granite countertops, a full bath, a washer/dryer, and private backyard access. This apartment is suitable for rental income, extended family, Airbnb, or professional office use. The property has a new 3-bedroom septic system and a new roof.
Key Highlights
- Commercially zoned .50‑acre lot offering live/work, investment, or business potential.
- Completely renovated 2,258 sq. ft. 3‑bedroom ranch.
- Adjoining brand‑new apartment with granite countertops, full bath, and washer/dryer - ideal for rental income or professional office.
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 | $56.9k | $25.20 |
| − Vacancy | −$797 | −$0.35 |
| EGI | $56.1k | $24.85 |
| − OpEx | −$25.2k | −$11.18 |
| NOI | $30.9k | $13.67 |
2,258 SF · lease $25.20/SF/yr · vacancy 1.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$440.8K
$385.7K – $514.3K
NOI $30,858 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$661.1K
$578.5K – $771.3K
NOI $46,280 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Versatile property with live/work, investment, or business potential.
Where is this multifamily property located?
The property is located at 689 North Main Street Sheffield, MA.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Commercially zoned .50‑acre lot offering live/work, investment, or business potential.; Completely renovated 2,258 sq. ft. 3‑bedroom ranch.; Adjoining brand‑new apartment with granite countertops, full bath, and washer/dryer - ideal for rental income or professional office.
