Two-Family Residence with
85 Garfield Ave Easthampton, MA 01027
85 Garfield Ave, Easthampton, MA, 01027
$499,000
For Sale
$499,000
Well-maintained two-family home featuring separate units, vinyl replacement windows, and gas boilers, plus an oversized barn/garage.
Property Size2,470 SF
Price / SF$202.02
Days on Market66
Property Features for 85 Garfield Ave
General Information
- Standard status
- Active
- Size
- 2,470 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing agency
Coldwell Banker Realty - Western MA
(413) 374-2023
Listed by
Angela M. Accorsi
(413) 374-2023
Source
Lockandkeyre
Added: May 18 Updated: Jul 21 at 5:07AM Checked: Jul 21 at 5:07AM
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 Coldwell Banker Realty - Western MA
Investment Insights
Based on property information with market context.
This cherished two-family residence has been preserved with distinctive interior character, including natural woodwork, pocket doors, antique light fixtures, and embossed wood paneling. The property offers versatile layouts with 1–2 bedrooms on the main level and 2–3 bedrooms on the upper level. A walk-up attic provides nearly 1,000 square feet of potential future living space, with an opportunity to convert to an impressive single-family configuration.
The home is equipped with vinyl replacement windows and separate circuit breaker panels (knob-and-tube service discontinued), along with gas boilers. Outside, the level yard includes an oversized barn/garage, a stone fire pit, and covered porches for seasonal use. The property also benefits from in-town convenience with access to parks, shopping, restaurants, entertainment, and educational institutes.
The home is equipped with vinyl replacement windows and separate circuit breaker panels (knob-and-tube service discontinued), along with gas boilers. Outside, the level yard includes an oversized barn/garage, a stone fire pit, and covered porches for seasonal use. The property also benefits from in-town convenience with access to parks, shopping, restaurants, entertainment, and educational institutes.
Key Highlights
- Well‑maintained 2‑family home built in 1900 with separate units and preserved original character details
- Vinyl replacement windows plus separate circuit breaker panels (knob‑and‑tube listed as discontinued)
- Gas boilers, with each unit offering versatile layouts
Local 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 | $62.2k | $25.20 |
| − Vacancy | −$2.9k | −$1.18 |
| EGI | $59.3k | $24.02 |
| − OpEx | −$26.7k | −$10.81 |
| NOI | $32.6k | $13.21 |
2,470 SF · lease $25.20/SF/yr · vacancy 4.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$466.1K
$407.8K – $543.8K
NOI $32,625 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.32M – $1.75M
NOI $105,293 @ 7.0% cap · market cap 21.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
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FAQs
What type of property is this?
Multifamily property - Well-maintained two-family home featuring separate units, vinyl replacement windows, and gas boilers, plus an oversized barn/garage.
Where is this multifamily property located?
The property is located at 85 Garfield Ave Easthampton, 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: Well‑maintained 2‑family home built in 1900 with separate units and preserved original character details; Vinyl replacement windows plus separate circuit breaker panels (knob‑and‑tube listed as discontinued); Gas boilers, with each unit offering versatile layouts
