5-Unit Apartment
New
For Sale
$499,000
77 Walnut St, Holyoke, MA 01040
Five one-bedroom residences provide a consistent unit mix, with occupants responsible for their own utilities.
Property Size2,631 SF
Price / SF$189.66
Days on Market4
Property Features for 77 Walnut St
General Information
Standard status
Active
Size
2,631 SF
Property subtype
Multi-Family
Units
Unit Mix
5 x 1BR
Multifamily Units
5
Additional Details
Public Transit
Yes
Building Details
Year Built
1885
Listing Agency:
Marianne Belanger, Re/Max Vision
Listed By:
The Ponte Group
(508) 642-4802
Source:
Pontegroupne
Added: Oct 7
Last Checked: Oct 9 at 7:43PM
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 Marianne Belanger, Re/Max Vision
Investment Insights
Based on property information with market context.
The 1885-built apartment property at 77 Walnut St in Holyoke contains five one-bedroom units across 2,631 square feet. Residents pay their own utility costs, a feature of the existing operating arrangement.
The property is near shopping, public transportation, and major routes.
The property is near shopping, public transportation, and major routes.
Key Highlights
- Five one‑bedroom apartments
- 2,631 square feet
- Built in 1885
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,936
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,720
$638.7K
Cap Rate 7%
$456,229
$456.2K
Cap Rate 9%
$354,844
$354.8K
Market Conditions
NOI Build-Up for 2,631 SF
Gross rent
$61.2K $23.28/SF
− Vacancy
−$3.2K −$1.21/SF
EGI
$58.1K $22.07/SF
− OpEx
−$26.1K −$9.93/SF
NOI
$31.9K $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%
$638,720
Cap Rate 7%
$456,229
Cap Rate 9%
$354,844
Alternative Uses
Best Use
Apartment 5plus
$456.2K
$399.2K – $532.3K
NOI $31,936 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,508 @ 7.0% cap · market cap 22.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five one-bedroom residences provide a consistent unit mix, with occupants responsible for their own utilities.
Where is this apartment building located?
The property is located at 77 Walnut St Holyoke, MA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Five one‑bedroom apartments; 2,631 square feet; Built in 1885
