Two-Building Multifamily
For Sale
$975,000
85-91 School Street, Greenfield, MA 01301
Two separate multifamily buildings on one lot offer 10 one-bedroom units, with parking for 10 vehicles and outdoor space.
Property Size5,320 SF
Price / SF$183.27
Days on Market121
Property Features for 85-91 School Street
General Information
Standard status
Active
Size
5,320 SF
Total Parking Spaces
10
Property subtype
Multi-family
Lease Term
[]
Additional Details
Highway Access
Yes
Multifamily Units
10
Building Details
Year Built
1905
Tenancy
Multi
Listing Agency:
Ruggeri Real Estate
Listed By:
Alayna Zellmann
(978) 630-2070
Source:
Foster-healey
Added: Apr 2
Changed: Jul 26
Last Checked: Jul 30 at 6:31PM
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 Ruggeri Real Estate
Investment Insights
Based on property information with market context.
This property consists of two separate multifamily buildings situated on a single lot, providing a total of 10 individual 1 bed/1 bath units. The buildings were constructed in 1905 and include 5,320+ square feet of living space. Outside, the offering includes outdoor space for tenant enjoyment and ample parking with 10 designated spots.
The property is located at 85-91 School Street in Greenfield, MA 01301, just minutes from downtown, shopping, restaurants, and major routes, offering convenient access to everyday amenities.
Additional annual property data and unit specification sheets are available upon request.
The property is located at 85-91 School Street in Greenfield, MA 01301, just minutes from downtown, shopping, restaurants, and major routes, offering convenient access to everyday amenities.
Additional annual property data and unit specification sheets are available upon request.
Key Highlights
- Two separate multifamily buildings on one lot
- 10 individual 1 bed/1 bath units across 5,320+ sq ft of living space
- Built in 1905
Financial Insights For Apartment 5plus
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 | $134.1k | $25.20 |
| − Vacancy | −$5.6k | −$1.06 |
| EGI | $128.4k | $24.14 |
| − OpEx | −$57.8k | −$10.86 |
| NOI | $70.6k | $13.28 |
5,320 SF · lease $25.20/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$883.0K – $1.18M
NOI $70,638 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.21M
$1.93M – $2.57M
NOI $154,423 @ 7.0% cap · market cap 15.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
10
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,688
Businesses Nearby
Explore this area
Business Placement
Demographics for 01301, MA
18,042
Population
8,761
Households
2.1
Avg Household Size
45
Median Age
38%
College-Educated
92%
High-School Grad
25.3 sq mi
ZIP Area
713
Density / Sq Mi
$54,347
Median Household Income
$37,630
Median Earnings
$1,098
Median Rent
$253,800
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?
Apartment building - Two separate multifamily buildings on one lot offer 10 one-bedroom units, with parking for 10 vehicles and outdoor space.
Where is this apartment building located?
The property is located at 85-91 School Street Greenfield, MA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two separate multifamily buildings on one lot; 10 individual 1 bed/1 bath units across 5,320+ sq ft of living space; Built in 1905
