Two-Building Multifamily
For Sale
$950,000
Pending
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
Days on Market166
Property Features for 85-91 School Street
General Information
Standard status
Pending
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 · License #9579076
(413) 824-0184
Source:
Foster-healey
Added: May 18
Changed: Oct 28
Last Checked: Oct 28 at 9:06AM
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
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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 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
Estimated NOI and Cap Rate
NOI / Yr
$70,638
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,412,760
$1.4M
Cap Rate 7%
$1,009,114
$1.0M
Cap Rate 9%
$784,867
$784.9K
Market Conditions
NOI Build-Up for 5,320 SF
Gross rent
$134.1K $25.20/SF
− Vacancy
−$5.6K −$1.06/SF
EGI
$128.4K $24.14/SF
− OpEx
−$57.8K −$10.86/SF
NOI
$70.6K $13.28/SF
Area
Franklin County, MA
Vacancy
4.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,412,760
Cap Rate 7%
$1,009,114
Cap Rate 9%
$784,867
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$883.0K – $1.18M
NOI $70,638 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.21M
$1.93M – $2.57M
NOI $154,423 @ 7.0% cap · market cap 16.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
10
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,594
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
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 $950,000.
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
