Mixed-Use Property with Multifamily
New
For Sale
$515,000
856-858 Hampden St, Holyoke, MA 01040
Two adjoining parcels combine residential units with a separate retail and warehouse facility.
Property Size1,894 SF
Lot Size0.66 Acres
Price / SF$71.21
Days on Market4
Property Features for 856-858 Hampden St
General Information
Standard status
Active
Size
1,894 SF
Lot size
0.66 Acres
Property subtype
Commercial
Building Details
Building Size
1,894 SF
Year Built
1894
Buildings
2
Listing Agency:
SR Commercial Realty
(413) 459-4535
Listed By:
Zaisha Robert
(413) 557-4846
Source:
Iverty
Added: Oct 13
Changed: Oct 16
Last Checked: Oct 14 at 11:20PM
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 SR Commercial Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 0.66-acre property contains 7,232 square feet across two contiguous parcels. One building provides 5,732 square feet in a three-unit multifamily configuration; a separate 1,500-square-foot structure is used for retail and warehouse space. The property is recorded with a 1894 year built.
Key Highlights
- 0.66‑acre property comprising two contiguous residential and commercial parcels
- 7,232 SF of existing building space
- 5,732 SF multifamily building configured as three units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,901
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$938,020
$938.0K
Cap Rate 7%
$670,014
$670.0K
Cap Rate 9%
$521,122
$521.1K
Market Conditions
NOI Build-Up for 7,232 SF
Gross rent
$59.0K $8.16/SF
− Vacancy
−$3.8K −$0.53/SF
EGI
$55.2K $7.63/SF
− OpEx
−$8.3K −$1.14/SF
NOI
$46.9K $6.49/SF
Area
Hampden County, MA
Vacancy
6.50%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$938,020
Cap Rate 7%
$670,014
Cap Rate 9%
$521,122
Alternative Uses
Best Use
Retail
$1.70M
$1.49M – $1.98M
NOI $118,825 @ 7.0% cap · market cap 23.07%
Second Best
Multifamily LT 5
$1.35M
$1.18M – $1.58M
NOI $94,723 @ 7.0% cap · market cap 18.39%
Theoretical Best
Office A
$4.46M
$3.90M – $5.20M
NOI $312,006 @ 7.0% cap · market cap 60.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
483
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
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two adjoining parcels combine residential units with a separate retail and warehouse facility.
Where is this mixed-use property located?
The property is located at 856-858 Hampden St Holyoke, MA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 0.66‑acre property comprising two contiguous residential and commercial parcels; 7,232 SF of existing building space; 5,732 SF multifamily building configured as three units
