Triplex with Adjoining Vacant
For Sale
$499,900
7-9 Graves Street, South Hadley, MA 01075
All three apartments are vacant, and interior updates were completed in 2022/2023 and 2026.
Property Size1,646 SF
Price / SF$303.71
Days on Market9
Property Features for 7-9 Graves Street
General Information
Standard status
Active
Size
1,646 SF
Property subtype
Multi-family
Building Details
Year Built
1900
Listing Agency:
Lock and Key Realty Inc.
Listed By:
Jessica Mekal · License #CN248483
(413) 519-1423
Source:
Gogginsrealestate
Added: Oct 6
Changed: Oct 13
Last Checked: Oct 12 at 9:07PM
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 Lock and Key Realty Inc.
Investment Insights
Based on property information with market context.
This 1,646-square-foot triplex, built in 1900, contains three vacant apartments. Two first-floor units have updated kitchens, tile bathrooms, and new flooring. The largest residence spans the second and third floors, with four bedrooms, a living room, a kitchen, and a full bathroom. A hot water tank was installed in 2025, and the driveway was paved in 2024.
The sale includes the vacant lot directly to the right at 7 Graves Street. The property also has off-street parking, with street parking available on the low-traffic street.
The sale includes the vacant lot directly to the right at 7 Graves Street. The property also has off-street parking, with street parking available on the low-traffic street.
Key Highlights
- Three vacant apartments in a 1,646‑square‑foot building
- Sale includes adjoining vacant lot at 7 Graves Street
- Four‑bedroom apartment spans the second and third floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,778
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,560
$475.6K
Cap Rate 7%
$339,686
$339.7K
Cap Rate 9%
$264,200
$264.2K
Market Conditions
NOI Build-Up for 1,646 SF
Gross rent
$35.6K $21.60/SF
− Vacancy
−$1.6K −$0.96/SF
EGI
$34.0K $20.64/SF
− OpEx
−$10.2K −$6.19/SF
NOI
$23.8K $14.45/SF
Area
Hampshire County, MA
Vacancy
4.46%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,560
Cap Rate 7%
$339,686
Cap Rate 9%
$264,200
Alternative Uses
Best Use
Multifamily LT 5
$339.7K
$297.2K – $396.3K
NOI $23,778 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$310.6K
$271.8K – $362.4K
NOI $21,741 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.00M
$877.1K – $1.17M
NOI $70,167 @ 7.0% cap · market cap 14.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
Explore this area
Business Placement
Demographics for 01075, MA
18,168
Population
7,597
Households
2.4
Avg Household Size
41
Median Age
50%
College-Educated
96%
High-School Grad
17.7 sq mi
ZIP Area
1,026
Density / Sq Mi
$93,646
Median Household Income
$46,960
Median Earnings
$1,264
Median Rent
$324,800
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 - All three apartments are vacant, and interior updates were completed in 2022/2023 and 2026.
Where is this triplex located?
The property is located at 7-9 Graves Street South Hadley, MA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Three vacant apartments in a 1,646‑square‑foot building; Sale includes adjoining vacant lot at 7 Graves Street; Four‑bedroom apartment spans the second and third floors
