Renovated Duplex with Commercial
For Sale
$429,000
689 North Main St, Sheffield, MA 01257
Renovated duplex with a main residence and adjoining apartment on a commercially zoned lot.
Property Size2,258 SF
Lot Size0.50 Acres
Days on Market165
Property Features for 689 North Main St
General Information
Standard status
Active
Size
2,258 SF
Lot size
0.50 Acres
Property subtype
MULTI_FAMILY
Additional Details
Asking Price
$429,000
Taxes and HOA fees
Annual Taxes
$3,209
Building Details
Building Size
2,258 SF
Year Built
1957
Listing Agency:
HOUSATONIC REAL ESTATE
Listed By:
Judi Panzano · License #9585682
(203) 209-8769
Source:
Stonehouseproperties
Added: May 21
Changed: Oct 31
Last Checked: Oct 30 at 9:42PM
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
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Investment Insights
Based on property information with market context.
This renovated duplex pairs a 2,258 sq. ft. three-bedroom ranch residence with a newly completed adjoining apartment. The main home includes a spacious kitchen, full bath, washer/dryer, and garage. The apartment adds a finished kitchen with granite countertops, full bath, washer/dryer, and separate backyard access. A new three-bedroom septic system, roof, backyard fence, and grass complete the recent improvements.
The property occupies a .50-acre commercially zoned lot at 689 North Main St in Sheffield, MA, approximately a 5 minute drive from downtown Great Barrington. Its residential layout and commercial zoning support a range of documented configurations, including live/work use, rental occupancy, extended-family living, short-term rental use, or professional office space.
The property occupies a .50-acre commercially zoned lot at 689 North Main St in Sheffield, MA, approximately a 5 minute drive from downtown Great Barrington. Its residential layout and commercial zoning support a range of documented configurations, including live/work use, rental occupancy, extended-family living, short-term rental use, or professional office space.
Key Highlights
- 2,258 sq. ft. main residence with 3 bedrooms
- New adjoining apartment with kitchen, full bath, washer/dryer, and private backyard access
- .50‑acre commercially zoned lot in Sheffield, MA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,687
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,740
$673.7K
Cap Rate 7%
$481,243
$481.2K
Cap Rate 9%
$374,300
$374.3K
Market Conditions
NOI Build-Up for 2,258 SF
Gross rent
$48.8K $21.60/SF
− Vacancy
−$649 −$0.29/SF
EGI
$48.1K $21.31/SF
− OpEx
−$14.4K −$6.39/SF
NOI
$33.7K $14.92/SF
Area
Berkshire County, MA
Vacancy
1.33%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,740
Cap Rate 7%
$481,243
Cap Rate 9%
$374,300
Alternative Uses
Best Use
Multifamily LT 5
$481.2K
$421.1K – $561.5K
NOI $33,687 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$440.8K
$385.7K – $514.3K
NOI $30,858 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$661.1K
$578.5K – $771.3K
NOI $46,280 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
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Business Placement
Demographics for 01257, MA
2,140
Population
1,238
Households
1.7
Avg Household Size
53
Median Age
41%
College-Educated
100%
High-School Grad
33.9 sq mi
ZIP Area
63
Density / Sq Mi
$80,227
Median Household Income
$40,907
Median Earnings
$1,161
Median Rent
$432,100
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex with a main residence and adjoining apartment on a commercially zoned lot.
Where is this duplex located?
The property is located at 689 North Main St Sheffield, MA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 2,258 sq. ft. main residence with 3 bedrooms; New adjoining apartment with kitchen, full bath, washer/dryer, and private backyard access; .50‑acre commercially zoned lot in Sheffield, MA
