What is the estimated cap rate for 56 Pine St., Holyoke, MA 01040?

Based on rent reported on the MLS listing, 56 Pine St., Holyoke, MA 01040 (3 units) has an estimated 1.59% cap rate at its $425,000 list price, assuming $1,450/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 56 Pine St., Holyoke, MA 01040?

The MLS listing reports about $1,450/month in total rent for a 3-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

72 Days on market

56 Pine St. Holyoke — Photo 1 of 27

$425,000

Investment Analysis — 56 Pine St.

Holyoke, MA 01040

Based on rent reported on the MLS listing, a 3-unit multi-family in 01040 carries $1,450/mo in gross rent — about a 1.59% cap rate and $6,759/yr in estimated NOI at the $425,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,875

Style

3 Family

Built

1880

This classic brick 3 unit is the opportunity you have been waiting for. With two vacant units, move right in or get to choose your tenants. All units feature wood floors, 3 bedrooms, lead paint certificates, laundry hook ups, individual gas forced air heat, tin ceilings, large rear porches and private parking. The second floor was just refreshed with updated to the bathroom, kitchen and paint. This unit is vacant and ready to be rented at market value. All furnaces are from 2018. Contact me today for your private showing. Perfect owner occupant option too! Why buy single family when you can have tenants to pay your mortgage!

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 MLS and other third-party data may be inaccurate or out of date.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$425,000

Annual Taxes$6,465

Parking

Garage0

Off-Street3

Interior Specifications

Total Rooms15

FireplacesNone

FlooringWood, Hardwood

BasementFull

Climate & Utilities

HeatingForced Air, Natural Gas

Cooling--

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionBrick

Roof--

FoundationBrick/Mortar

ZoningDR

Property & Lot

Acres0.11

SqFt Lot4,948

Lot FeaturesLevel

Amenities & Appliances

Range • Refrigerator

Geography

Listing Provided By

Listing Agent: Erin Fontaine Brunelle

Listing Office: Real Broker MA, LLC

MLS® Number: 73544447