1 South Main St New Salem — Photo 1 of 41
$659,900
Investment Analysis — 1 South Main St
New Salem, MA 01355
Based on rent reported on the MLS listing, a 3-unit multi-family in 01355 carries $3,250/mo in gross rent — about a 3.67% cap rate and $24,197/yr in estimated NOI at the $659,900 list price. Adjust every assumption in the calculator below.
Beds
9
Baths
3
SqFt
4,500
Style
3 Family
Built
1730
Rare opportunity to own the only 3-family property in New Salem! This well-maintained 1730 Colonial offers three spacious units, Each has a full bath, separate utilities, and washer/dryer hookups. One unit is currently vacant, creating an immediate opportunity for owner occupancy or market-rate rental income. The property also includes a 3-car garage with studio space above, beautiful grounds, generous outdoor space, and 3-season porches on both levels for two of the units. Recent updates include a roof in 2013, Mass Save re-insulation in early 2023, and freshly painted exterior siding that adds to the property’s curb appeal and charm. Located close to historic New Salem center, approximately 1.5 miles to a Quabbin gate, 10 minutes to Route 2, and 20 minutes to Amherst. A truly unique income-producing property in a highly sought-after school district—perfect for investors or owner-occupants alike. Don’t miss this exceptional opportunity
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator
Neighborhood
Walk/Jog Trails • Stable(s) • Golf • Medical Facility • Conservation Area • Highway Access
Geography
Listing Agent: Liza M. Hurlburt Melo
Listing Office: Four Columns Realty, LLC
MLS® Number: 73529005