55 Crystal St - Apartments FOR SALE


Lenox Dale, MA 01242
$1,995,000 USD
413-672-2287
55 Crystal St, Lenox Dale, MA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/56
null | 9.6% Cap Rate

55 Crystal St
Lenox Dale, MA 01242


OVERVIEW

Perched atop a gentle hill with distant Berkshire views, this distinguished former Lenox school building known as ''Crystal Hill'' has been thoughtfully converted into 10 residential apartments plus one occupied office space. The historic masonry structure combines character and stability with modern updates, including hardwood floors, spacious layouts, and separate hot water and electric meters for each unit. Strong rental income and solid cap rate make this an attractive investment in one of the county's most sought-after towns. Set on two scenic acres, the property offers ample parking, coin-operated laundry, three storage rooms, and a boiler room. Capital improvements include a Simplex fire alarm system (2014), roof replacements (2015 & 2016), apartment upgrades (2019) a new driveway (2021), and fresh exterior paint (2022). Just minutes from downtown Lenox, this rare offering combines income stability, long-term appreciation potential, and timeless Berkshire charm, an opportunity not to be missed.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$172 USD /SF

# OF UNITS

11

PRICE/UNIT

$181,364

CAP RATE

9.6%

% LEASED

82%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

17

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

R-15

APN/PARCEL ID

LENO-000039-000074

ASK ABOUT THIS PROPERTY

Christian GarnerNocher Realty LLCMore Info
413-672-2287

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Christian GarnerNocher Realty LLCMore Info
413-672-2287

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.