Historic Bed & Breakfast
74 Wendell Ave Pittsfield, MA 01201
For Sale
$1,200,000
Pending
Turnkey 9-unit bed & breakfast near downtown.
Property Size10,560 SF
Lot Size0.33 Acres
Days on Market105
Property Features for 74 Wendell Ave
General Information
- Standard status
- Pending
- Size
- 10,560 SF
- Lot size
- 0.33 Acres
Building Details
- Year Built
- 1870
Listing Agency:
STONE HOUSE PROPERTIES, LLC
(413) 822-1008
Listed By:
Timothy Gallagher · License #9573698
(413) 822-1008
Source:
Lockandkeyre
Added: Apr 10
Changed: Jul 10
Last Checked: Jul 23 at 7:20AM
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 STONE HOUSE PROPERTIES, LLC
Investment Insights
Based on property information with market context.
This historic three-story bed & breakfast offers approximately 10,560 square feet on a ±⅓-acre lot. The property is within walking distance of the downtown theater and business district. It features nine unique guest suites, each with private baths and kitchenettes, blending classic charm with modern amenities. Guests are welcomed through an elegant entry foyer, leading to inviting common spaces including a parlor, formal dining room, and fully equipped common kitchen. The first floor also includes two spacious guest suites. The property features maple, oak, mahogany, and blackwood flooring, along with 3 fireplaces located in common areas on the first floor. The second floor hosts four guest suites with a shared common area, while the third floor offers three additional suites and another common gathering space. There is also potential for a private one-bedroom owner's unit located in the basement, ideal for on-site management. The property includes an upgraded heating system with a high-efficiency Viessman boiler and architectural radiators throughout, as well as an upgraded fire security system complete with a sprinkler system. The property offers approximately 95 feet of frontage along Wendell Avenue and is zoned DCD (Downtown Creative District). A large parking lot is located in the rear of the property and offers a separate right of way directly onto East Housatonic St. This is a turnkey hospitality property with historic character and strong income potential.
Key Highlights
- Turnkey historic 9‑unit bed & breakfast with strong income potential.
- Nine unique guest suites, each with private baths and kitchenettes.
- Prime location within walking distance to the downtown theater/business district.
Financial Insights For Hotel Hospitality
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 | $158.4k | $15.00 |
| − Vacancy | −$23.8k | −$2.25 |
| EGI | $134.6k | $12.75 |
| − OpEx | −$70.7k | −$6.69 |
| NOI | $64.0k | $6.06 |
10,560 SF · lease $15.00/SF/yr · vacancy 15.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$913.6K
$799.4K – $1.07M
NOI $63,954 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.09M
$2.71M – $3.61M
NOI $216,438 @ 7.0% cap · market cap 18.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mortimer Lloyd Artist ...
Charitable Organization
Similar Off Market Nearby
- The Central Downtown Inn & Suites — 20 W Housatonic St, Pittsfield, MA 01201
FAQs
What type of property is this?
Bed & breakfast - Turnkey 9-unit bed & breakfast near downtown.
Where is this bed & breakfast located?
The property is located at 74 Wendell Ave Pittsfield, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Turnkey historic 9‑unit bed & breakfast with strong income potential.; Nine unique guest suites, each with private baths and kitchenettes.; Prime location within walking distance to the downtown theater/business district.
