3-Unit Residential Income
85-87 Hitchcock Street Holyoke, MA 01040
85-87 Hitchcock Street, Holyoke, MA, 01040
$485,000
For Sale
$485,000
Triplex for sale with three separately metered units, individual laundry hookups, and updated roof and first-floor boiler.
Property Size2,889 SF
Price / SF$167.88
Days on Market87
Property Features for 85-87 Hitchcock Street
General Information
- Standard status
- Active
- Size
- 2,889 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
RE/MAX IGNITE
Listed by
Daisy Sanchez
(413) 549-5555
Source
Fivecollegerealtors
Added: Apr 28 Updated: Jul 21 at 9:31PM Checked: Jul 22 at 6:46AM
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 RE/MAX IGNITE
Investment Insights
Based on property information with market context.
This 3-unit residential income property features three spacious units with freshly painted interiors and a mix of polished hardwood floors and updated laminate flooring. Each unit includes its own laundry area with washer and dryer hookups. Recent improvements include a new roof (2026) and a new boiler for the first-floor unit. The home is sold as-is, and windows are described as older.
Utilities are separately metered, allowing tenants to pay heat and electricity directly. The property also offers a 2-car garage and off-street parking.
Buyers are encouraged to verify all information, including through review of the property during inspection.
Utilities are separately metered, allowing tenants to pay heat and electricity directly. The property also offers a 2-car garage and off-street parking.
Buyers are encouraged to verify all information, including through review of the property during inspection.
Key Highlights
- Three‑family (triplex) with three spacious units
- Freshly painted interiors plus hardwood floors and updated laminate flooring
- Each unit has its own laundry area with washer and dryer hookups
Local Financial Insights For Multifamily LT 5
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 | $57.2k | $19.80 |
| − Vacancy | −$3.1k | −$1.09 |
| EGI | $54.1k | $18.71 |
| − OpEx | −$16.2k | −$5.61 |
| NOI | $37.8k | $13.10 |
2,889 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$540.6K
$473.0K – $630.7K
NOI $37,839 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$501.0K
$438.3K – $584.5K
NOI $35,067 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,638 @ 7.0% cap · market cap 25.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex for sale with three separately metered units, individual laundry hookups, and updated roof and first-floor boiler.
Where is this triplex located?
The property is located at 85-87 Hitchcock Street Holyoke, MA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Three‑family (triplex) with three spacious units; Freshly painted interiors plus hardwood floors and updated laminate flooring; Each unit has its own laundry area with washer and dryer hookups
