Three-Unit Triplex with Hardwood
97-99 Brookline Avenue, Holyoke, MA 01040
For Sale
$445,000
Well-maintained income property with three residential units, individual laundry hookups, rear parking, and porches serving the kitchens.
Property Size2,668 SF
Price / SF$166.79
Days on Market97
Property Features for 97-99 Brookline Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Amenities
hardwood flooring
porches
washer and dryer hook-ups
off-street parking
walk-in closet
leaf guards
termite treatment
Building Details
Year Built
Buildings
Listing Agency:
Naples Realty Group
Listed By:
Tracy Cyr
(413) 204-2971
Source:
Gregoryhaughton
Added: Aug 5
Changed: Nov 8
Last Checked: Nov 8 at 6:28AM
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 Naples Realty Group
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Investment Insights
Based on property information with market context.
This 1920-built triplex at 97-99 Brookline Ave includes 14 rooms, 6 bedrooms, and 3 full baths across three residential units. The first- and second-floor apartments each offer five rooms with two tandem bedrooms, an eat-in kitchen with pantry, dining room, living room, and full bath with tub and shower. The four-room third-floor unit includes an eat-in kitchen, living room, two bedrooms, a stand-up shower, wall-to-wall carpeting, and a large walk-in closet. Hardwood flooring and abundant natural light are featured in the property, while each unit has washer and dryer hookups.
Exterior features include back porches connected to the kitchens, an off-street parking area behind the home, and a front porch with new footings. The property also has new boilers installed in 2023, a new back porch roof and rafters, leaf guards, and termite treatment with a lifetime warranty. Two owned propane tanks serve each unit. The property is in Holyoke’s Oakdale neighborhood near the MASS PIKE and I-91.
Exterior features include back porches connected to the kitchens, an off-street parking area behind the home, and a front porch with new footings. The property also has new boilers installed in 2023, a new back porch roof and rafters, leaf guards, and termite treatment with a lifetime warranty. Two owned propane tanks serve each unit. The property is in Holyoke’s Oakdale neighborhood near the MASS PIKE and I-91.
Key Highlights
- Three‑unit property with 14 rooms, 6 bedrooms, and 3 full baths
- First- and second‑floor units each include 5 rooms and 2 tandem bedrooms
- Four‑room third‑floor unit with 2 bedrooms and a large walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,945
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,900
$698.9K
Cap Rate 7%
$499,214
$499.2K
Cap Rate 9%
$388,278
$388.3K
Market Conditions
NOI Build-Up for 2,668 SF
Gross rent
$52.8K $19.80/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$49.9K $18.71/SF
− OpEx
−$15.0K −$5.61/SF
NOI
$34.9K $13.10/SF
Area
Hampden County, MA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,900
Cap Rate 7%
$499,214
Cap Rate 9%
$388,278
Alternative Uses
Best Use
Multifamily LT 5
$499.2K
$436.8K – $582.4K
NOI $34,945 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$462.6K
$404.8K – $539.8K
NOI $32,385 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $115,104 @ 7.0% cap · market cap 25.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
710
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
$255,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Hampden County, MA
Properties on Market for Triplexes in Hampden County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained income property with three residential units, individual laundry hookups, rear parking, and porches serving the kitchens.
Where is this triplex located?
The property is located at 97-99 Brookline Avenue Holyoke, MA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Three‑unit property with 14 rooms, 6 bedrooms, and 3 full baths; First- and second‑floor units each include 5 rooms and 2 tandem bedrooms; Four‑room third‑floor unit with 2 bedrooms and a large walk‑in closet
