Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    112 Elizabeth St Pittsfield, MA 01201

    • Commercial real estate
    • 4,222 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-2542320
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 112 Elizabeth St

    Year built
    1910
    Lot size
    0.21 lot acres
    Property size
    4,222 SF
    Property type
    Commercial real estate

    Description

    This exceptional three-unit apartment building presents a compelling investment opportunity in the heart of Pittsfield, Massachusetts. Located at 112 Elizabeth Street, this property boasts a prime location just minutes from downtown and various cultural attractions, making it highly desirable for both residents and tenants. Built in 1910, the building sits on a 0.21-acre lot (9,291 square feet) and offers a total of 4,222 square feet of living space. The property features three separate units, each equipped with three bedrooms, hardwood floors, and updated mechanical systems. Individual gas and electric meters ensure efficient utility management. Ample parking is available for all three units. This multifamily property offers a solid income-generating potential, whether you choose to live in one unit and rent out the others, or lease all three for a consistent passive income stream. The asking price is $349,000. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving Massachusetts city. Don't miss out on this chance to add a valuable asset to your portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pittsfield
    County
    Berkshire
    State
    Massachusetts
    Longitude
    -73.2590851
    Latitude
    42.4410758

    Comparable in this City

    • New
      $439,000
      3,822 SF

      Renovated Multi-Use Rental Property

      Centrally located, renovated property with rental and single-family potential.
      247 South St, Pittsfield, MA 01201
      View Details
    • $170,000

      Duplex with Investment Potential

      Gutted duplex on a large lot with investment opportunities.
      242 Wahconah St, Pittsfield, MA 01201
      View Details
    • $279,891

      Spacious Duplex with Three-Bedroom Units

      Generous three-bedroom apartments with eat-in kitchens and in-unit laundry.
      89-91 Pecks Rd, Pittsfield, MA 01201
      View Details
    • $335,000

      Four-Unit Multifamily Investment Property

      Fully occupied four-family building near downtown Pittsfield.
      288 Bradford St, Pittsfield, MA 01201
      View Details
    • $189,950
      3,224 SF

      Income Generating Residential Property

      Two-bedroom multifamily property in a residential location.
      14 Bay State Rd, Pittsfield, MA 01201
      View Details
    • $194,900

      Pittsfield Duplex: Investment Opportunity

      Spacious 4-bedroom duplex in Pittsfield with income potential.
      33 Adam St, Pittsfield, MA 01201
      View Details

    Similar Nearby for Sale

    • New
      $439,000
      3,822 SF

      Renovated Multi-Use Rental Property

      Centrally located, renovated property with rental and single-family potential.
      247 South St, Pittsfield, MA 01201
      View Details
    • $170,000

      Duplex with Investment Potential

      Gutted duplex on a large lot with investment opportunities.
      242 Wahconah St, Pittsfield, MA 01201
      View Details
    • $335,000

      Four-Unit Multifamily Investment Property

      Fully occupied four-family building near downtown Pittsfield.
      288 Bradford St, Pittsfield, MA 01201
      View Details
    • $189,950
      3,224 SF

      Income Generating Residential Property

      Two-bedroom multifamily property in a residential location.
      14 Bay State Rd, Pittsfield, MA 01201
      View Details
    • $194,900

      Pittsfield Duplex: Investment Opportunity

      Spacious 4-bedroom duplex in Pittsfield with income potential.
      33 Adam St, Pittsfield, MA 01201
      View Details
    • $269,900

      Income-Producing Three-Family Home

      Fully rented 3-family home in Pittsfield, great investment opportunity.
      500 Fenn St, Pittsfield, MA 01201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,420 SF

      Retail Space in Pittsfield, MA

      Retail property available for lease in Pittsfield, Massachusetts.
      42 Summer St, Pittsfield, MA 01201
      View Details
    • $175,000

      Dalton Avenue Warehouse/Industrial Space

      3,400 SF warehouse/industrial space in a prime location.
      50-1/2 Dalton Ave, Pittsfield, MA 01201
      View Details
    • $3,149 /Mo

      Industrial Space on East Street

      2,300+ sq ft industrial space for rent.
      717 East St, Pittsfield, MA 01201
      View Details
    • New
      $1,400 /Mo
      9,348 SF

      Office Space Near Housing Court

      Functional office space with utilities included.
      30 E Housatonic St, Pittsfield, MA 01201
      View Details
    • $15 SF/Yr
      1,640 SF

      Office Space Available For Rent

      Office space available for lease in Pittsfield, Massachusetts.
      39 Elmvale Pl, Pittsfield, MA 01201
      View Details
    • $20 SF/Yr
      2,500 SF

      Prime Pittsfield Retail Space

      Downtown Pittsfield retail, 800 sq ft available.
      18 1St St, Pittsfield, MA 01201
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    112 Elizabeth St
    Pittsfield, MA 01201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.