66 Pleasant St - Apartments FOR SALE


Easthampton, MA 01027
$995,000 USD
413-695-4917
66 Pleasant St, Easthampton, MA for Sale
$995,000 USD
Apartments - FOR SALE
1/6
null | 5.5% Cap Rate

66 Pleasant St
Easthampton, MA 01027


HIGHLIGHTS

  • Long term tenants no leases

OVERVIEW

Well-maintained 6-unit multi-family in an excellent location near EastWorks and Downtown, offering strong upside potential. The property features a low-maintenance exterior and interior, is clean and well cared for, with a new roof membrane (Aug 2020) and a newly renovated back staircase/fire escape (Apr 2026).Long-term tenants with no leases provide flexibility for rent increases. Unit 3R, the 6th unit, is a 2-bedroom, 1-bath with kitchen and living room, gas heat, and a new refrigerator (Apr 2026), currently rented at $1,050/month. Tenants own washers/dryers; all other appliances are landlord-owned.Current cap rate is 5.5%, with rents below market ($1,600–$1,729). Pro forma cap rate reaches 8.5% at $1,600/month. Fire Department requires buyer to install a Fire Notification Panel. This is a solid investment opportunity with stable occupancy, minimal upkeep, and significant income growth potential in a highly desirable area.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

6

PRICE/UNIT

$165,833

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hampdale Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

R5

APN/PARCEL ID

EHAM-000136-000124

ASK ABOUT THIS PROPERTY

Deborah CahillaneJones Group RealtorsMore Info
413-695-4917

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

Deborah CahillaneJones Group RealtorsMore Info
413-695-4917

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