Two-Unit Residential Income
For Sale
$399,999
Pending
89-91 Hitchcock Street, Holyoke, MA 01040
Two-family home with two two-bedroom units, separate utilities, basement storage, and a walk-up attic for possible expansion.
Property Size3,029 SF
Days on Market110
Property Features for 89-91 Hitchcock Street
General Information
Standard status
Pending
Size
3,029 SF
Property subtype
2 Family - 2 Units Up/Down
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
ERA M Connie Laplante Real Estate
(413) 536-9111
Listed By:
Joni Fleming · License #452503707
(413) 315-0570
Source:
Lockandkeyre
Added: Jun 18
Changed: Oct 4
Last Checked: Oct 5 at 7:03PM
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 ERA M Connie Laplante Real Estate
Investment Insights
Based on property information with market context.
This lovingly maintained two-family home offers two spacious, flexible floor plans. Each unit includes two well-appointed bedrooms, a full bathroom, oversized kitchens, generous dining areas, and large living rooms. Additional space includes a basement with valuable storage, along with a walk-up attic that presents potential for future expansion or additional living area. Separate utilities for each unit—including electric, heat, and hot water—are designed to make ownership straightforward.
Located at 89-91 Hitchcock Street in Holyoke, MA 01040, the property provides convenient access to shopping, dining, and major highways.
Showings will begin after June 24, 2026.
Located at 89-91 Hitchcock Street in Holyoke, MA 01040, the property provides convenient access to shopping, dining, and major highways.
Showings will begin after June 24, 2026.
Key Highlights
- Two‑family home built in 1920 with two separate 2‑bedroom units
- Each unit includes a full bath and spacious living and dining areas
- Oversized kitchens in both apartments with flexible floor plans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,767
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$735,340
$735.3K
Cap Rate 7%
$525,243
$525.2K
Cap Rate 9%
$408,522
$408.5K
Market Conditions
NOI Build-Up for 3,029 SF
Gross rent
$70.5K $23.28/SF
− Vacancy
−$3.7K −$1.21/SF
EGI
$66.8K $22.07/SF
− OpEx
−$30.1K −$9.93/SF
NOI
$36.8K $12.14/SF
Area
Hampden County, MA
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$735,340
Cap Rate 7%
$525,243
Cap Rate 9%
$408,522
Alternative Uses
Best Use
Multifamily LT 5
$566.8K
$495.9K – $661.2K
NOI $39,673 @ 7.0% cap · market cap 9.92%
Second Best
Apartment 5plus
$525.2K
$459.6K – $612.8K
NOI $36,767 @ 7.0% cap · market cap 9.19%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,678 @ 7.0% cap · market cap 32.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
699
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family home with two two-bedroom units, separate utilities, basement storage, and a walk-up attic for possible expansion.
Where is this duplex located?
The property is located at 89-91 Hitchcock Street Holyoke, MA.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Two‑family home built in 1920 with two separate 2‑bedroom units; Each unit includes a full bath and spacious living and dining areas; Oversized kitchens in both apartments with flexible floor plans
