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    Two-Family Residential Income Property Title is generated by Realmo AI

    96-98 Brown St, Pittsfield, MA 01201

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    For Sale
    $229,900

    MULTI_FAMILY - Colonial - Pittsfield, MA

    Property size:
    3,048 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $75/SF
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 4 at 1:06 am

    Property Features for 96-98 Brown St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bedroom 2, Bedroom 4, Basement, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 5, Bathroom 2
    Parking
    2
    Parking features
    Off Street
    Window features
    Insulated Windows
    Basement
    Concrete, Unfinished
    Appliances
    Refrigerator, Range, Dishwasher
    Standard status
    Active
    APN
    M:I11 B:0007 L:037
    Size
    3,048 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4670

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Oil, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1920
    Number of units
    2
    Flooring type
    Laminate, Tile - Ceramic, Wood
    Building materials
    Wood Frame, Brick, Vinyl
    Roof type
    Asphalt
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Douglas Collins

    Listing agent Douglas Collins License #9577693

    Listing office Lamacchia Realty, Inc. - Dalton 2 Depot Street, Waltham, MA

    Listing date Jun 2, 2026

    MLS# 249742 Listing URL

    Copyright © 2026 Berkshire County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two‑family home at 96‑98 Brown Street with 1st‑floor 2BD/1BA and 2nd‑floor 3BD/1BA layout
    • Recent upgrades include a new roof, new windows, some fresh paint, and a recently installed boiler
    • Updated 100 amp electrical panels and heating with oil/hot water heating
    • Separate utilities for each unit
    • Public water and public sewer; cable available
    • Off‑street parking; wood frame with brick and vinyl exterior, asphalt shingle roof; flooring includes laminate, tile, and wood

    Overview

    This two-family residential property includes a first-floor 2-bedroom, 1-bath unit and a second-floor 3-bedroom, 1-bath unit. The home has undergone a series of recent improvements, including a new roof, some fresh paint, new windows, updated 100 amp electrical panels, and a recently installed boiler. Each unit is served by separate utilities, which can simplify tenant billing and day-to-day operations. Off-street parking is also included.

    The property is located at 96-98 Brown St in Pittsfield, Massachusetts. The listing notes that the property will be vacant at closing.

    The unit mix can fit a range of residential strategies, including owner occupancy with rental income from the second unit, or operation as a two-unit rental. With the documented upgrades to the roof, windows, electrical panels, and boiler, the property may appeal to buyers looking for a straightforward residential income asset with on-site parking and separate utilities for each unit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pittsfield
    County
    Berkshire
    State
    Massachusetts
    Longitude
    -73.238426
    Latitude
    42.457899

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    FAQs

    What type of property is this?
    Duplex - Two separate units, updated mechanical and electrical systems, and off-street parking support flexible owner or rental use.
    Where is this duplex located?
    The property is located at 96-98 Brown St Pittsfield, MA.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: Two‑family home at 96‑98 Brown Street with 1st‑floor 2BD/1BA and 2nd‑floor 3BD/1BA layout; Recent upgrades include a new roof, new windows, some fresh paint, and a recently installed boiler; Updated 100 amp electrical panels and heating with oil/hot water heating
    (413) 281-6660
    We can help!
    Listing Contact
    Douglas Collins
    Real Estate License ID: 9577693
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    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.

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