Multifamily Property with
New
For Sale
$550,000
73-75 Walnut St, Holyoke, MA 01040
The property combines townhouse-style residences, a separate house, and rentable garage space.
Property Size3,960 SF
Days on Market6
Property Features for 73-75 Walnut St
General Information
Standard status
Active
Size
3,960 SF
Total Parking Spaces
5
Property subtype
4 Family - 4 Units Side by Side
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$9,592
Amenities
courtyard
Building Details
Building Size
3,960 SF
Year Built
2007
Listing Agency:
Lock and Key Realty Inc.
Listed By:
The Colondres Group
Source:
Gogallagher
Added: Oct 12
Changed: Oct 16
Last Checked: Oct 16 at 2:14PM
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property brings together four homes on one lot: three townhouse-style units and a separate single-family house. One townhouse unit will be delivered vacant. Five garages provide additional rentable space. The townhouse residences feature individual entrances, with established landscaping and a courtyard setting around them.
Holyoke Public Library, Heritage State Park, the Children’s Museum, and the Holyoke Merry-Go-Round are nearby. The property was built in 2007.
Holyoke Public Library, Heritage State Park, the Children’s Museum, and the Holyoke Merry-Go-Round are nearby. The property was built in 2007.
Key Highlights
- Four homes on one lot: three townhouse‑style units and one separate single‑family house
- Five rentable garages
- One townhouse unit will be delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,067
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$961,340
$961.3K
Cap Rate 7%
$686,671
$686.7K
Cap Rate 9%
$534,078
$534.1K
Market Conditions
NOI Build-Up for 3,960 SF
Gross rent
$92.2K $23.28/SF
− Vacancy
−$4.8K −$1.21/SF
EGI
$87.4K $22.07/SF
− OpEx
−$39.3K −$9.93/SF
NOI
$48.1K $12.14/SF
Area
Hampden County, MA
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$961,340
Cap Rate 7%
$686,671
Cap Rate 9%
$534,078
Alternative Uses
Best Use
Apartment 5plus
$686.7K
$600.8K – $801.1K
NOI $48,067 @ 7.0% cap · market cap 8.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $170,844 @ 7.0% cap · market cap 31.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,212
Businesses Nearby
Explore this area
Business Placement
Demographics for 01040, MA
38,238
Population
17,057
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
79%
High-School Grad
21.2 sq mi
ZIP Area
1,804
Density / Sq Mi
$51,892
Median Household Income
$41,801
Median Earnings
$1,016
Median Rent
$255,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property combines townhouse-style residences, a separate house, and rentable garage space.
Where is this multifamily property located?
The property is located at 73-75 Walnut St Holyoke, MA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four homes on one lot: three townhouse‑style units and one separate single‑family house; Five rentable garages; One townhouse unit will be delivered vacant
