What is the estimated cap rate for 116-118 West St, Holyoke, MA 01040?

Based on rent reported on the MLS listing, 116-118 West St, Holyoke, MA 01040 (2 units) has an estimated 7.39% cap rate at its $320,000 list price, assuming $2,950/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 116-118 West St, Holyoke, MA 01040?

The MLS listing reports about $2,950/month in total rent for a 2-unit multi-family in 01040. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

69 Days on market

116-118 West St Holyoke — Photo 1 of 29

$320,000

Investment Analysis — 116-118 West St

Holyoke, MA 01040

Based on rent reported on the MLS listing, a 2-unit multi-family in 01040 carries $2,950/mo in gross rent — about a 7.39% cap rate and $23,653/yr in estimated NOI at the $320,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,866

Style

2 Family - 2 Units Up/Down

Built

1900

Opportunity awaits with this well-maintained brick two-family in Holyoke! Built in the early 1900s, this income-producing property blends historic character with practical updates. Each unit features 2 bedrooms, 1 full bath, an eat-in kitchen, basement laundry hookups, and comfortable living space. The second-floor unit includes a versatile bonus room, ideal for a home office, nursery, or walk-in closet. Separate electric utilities provide added convenience, while the low-maintenance lot helps reduce exterior upkeep. Conveniently located near a community garden, park, shopping, dining, schools, and major routes. Whether adding to your investment portfolio or exploring owner-occupied possibilities, this property offers flexibility and long-term potential. Don’t miss this 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.

Financials

Original Price$320,000

Annual Taxes$3,250.7

Parking

Garage0

Off-Street0

Interior Specifications

Total Rooms11

FireplacesNone

FlooringLaminate

BasementFull, Walk-Out Access, Interior Entry, Dirt Floor, Unfinished

Climate & Utilities

HeatingElectric, Baseboard, Oil

CoolingWindow Unit(s)

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionBrick

RoofRubber

FoundationBrick/Mortar

ZoningDR

Property & Lot

Acres0.05

SqFt Lot2,278

Lot FeaturesLevel

Amenities & Appliances

Range • Refrigerator • Range Hood

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Medical Facility • Laundromat

Geography

Listing Provided By

Listing Agent: The Aimee Kelly Crew

Listing Office: eXp Realty LLC

MLS® Number: 73545088