283 South St. Northampton — Photo 1 of 38
$550,000
Investment Analysis — 283 South St.
Northampton, MA 01060
Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 3-bedroom in 01060 carries an estimated $2,820/mo in gross rent — about a 3.18% cap rate and $17,494/yr in estimated NOI at the $550,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3
SqFt
2,100
Style
Single Family
Built
1750
A rare opportunity where Northampton history, an exceptional location and redevelopment potential come together. Set on 0.59 acres abutting the Mill River, this historic converted saltbox offers approximately 2,100 sq. ft. with 3 bedrooms and 3 baths, just minutes from the shops, restaurants, arts and culture of vibrant downtown Northampton. Publicly available historical information dates the home to approximately 1750 and associates its construction with the Nathaniel Clark family. The beautiful backyard features mature fruit trees and just past the back gate take the stairs down to a peaceful riverside setting that feels remarkably private for such a convenient location. Restore the property as a distinctive personal residence, preserve a piece of New England history or explore its potential as a significant development opportunity. Located in Northampton’s Urban Residential-B (URB) zone, the approximately 25,700 sq. ft. lot may offer conceptual potential for 9 or 10 attached condominium or townhouse-style units; buyer/developer to verify all development possibilities and required approvals. SHORT SALE ATTEMPT SUBJECT TO 3RD PARTY LENDER APPROVAL.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,100 sq ft principal dwelling). Lot size: 25,761 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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
Gas Water Heater • Water Heater • Range • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Laundromat • Bike Path
Geography
Property History
$550,000
Sep 10, 2026
MLS® 73575207
$695,000
Jul 9, 2026
MLS® 73465753
$695,000
Jan 6, 2026
MLS® 73465753
Listing Agent: Moussa Hamadeh
Listing Office: Berkshire Hathaway HomeServices Realty Professionals
MLS® Number: 73575207