Property summary
This exceptional mixed-use property at 342 Pleasant Street in Northampton, MA, presents a unique investment opportunity. Built circa 1920, this charming two-story brick building seamlessly blends historical character with modern conveniences. The upper level boasts a completely renovated two-bedroom apartment, offering a comfortable and stylish living space for residents. The ground floor commercial space has also undergone tasteful renovations, creating a versatile area suitable for a wide range of businesses. The possibilities are numerous, from retail to office space, catering to the vibrant Northampton community. A full basement provides substantial storage and utility access, adding to the property's functionality. Further enhancing its appeal is a convenient paved parking lot accommodating fifteen vehicles, ensuring ample parking for both residential and commercial tenants or customers. Located a short distance from Northampton's city center, this property benefits from excellent visibility and accessibility, making it an attractive proposition for both investors and entrepreneurs. The 0.17-acre lot provides a manageable footprint while offering ample space for the building and parking. This property offers a compelling blend of residential income and commercial potential in a highly desirable location. The asking price is $499,900.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Attachment 2 - Table of Use Regulations: GB, NB and M Districts Attachment 3 - Table of Dimensional and Density Regulations: GB, NB, M and EU-O Districts Attachment 4 - Table of Use and Dimensional Regulations: RR Distri…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
GB · Northampton, MAAttachment 2 - Table of Use Regulations: GB, NB and M Districts Attachment 3 - Table of Dimensional and Density Regulations: GB, NB, M and EU-O Districts Attachment 4 - Table of Use and Dimensional Regulations: RR Distri…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Attachment 2 - Table of Use Regulations: GB, NB and M Districts Attachment 3 - Table of Dimensional and Density Regulations: GB, NB, M and EU-O Districts Attachment 4 - Table of Use and Dimensional Regulations: RR Distri…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GB in Northampton, MA.
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