68 Union St - Apartments FOR SALE


Pittsfield, MA 01201
$1,850,000 USD
413-450-1366
68 Union St, Pittsfield, MA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/8
null | 8.66% Cap Rate

68 Union St
Pittsfield, MA 01201


HIGHLIGHTS

  • 8.66% proforma cap
  • 16.64% pro forma cash-on-cash (75% LTV)

OVERVIEW

68–80 Union Street presents a rare opportunity to acquire a stabilized, fully renovated 15-unit multifamily property in the heart of Pittsfield, Massachusetts. The property delivers strong in-place cash flow at a 7.52% cap rate with meaningful embedded upside through below-market rents and two ready-to-lease vacant units. Every unit has been comprehensively renovated: kitchens include new cabinetry, countertops, and stainless steel appliances; updated bathrooms with modern vanities and new flooring; refinished hardwood floors; and fresh paint throughout. The property is turn-key. The unit mix consists of 10 two-bedroom/one-bath and 5 one-bedroom/one-bath units on a 0.39-acre parcel with on-site paved, striped parking. The property is not located in a FEMA 100-year flood hazard zone. Pittsfield's rental demand is anchored by two major employers: Berkshire Medical Center (BMC), the region's largest employer with over 2,500 employees, and General Dynamics Mission Systems, which operates a significant defense and electronics facility in the city. This workforce housing demand is stable year-round, with limited new supply keeping vacancy low and supporting consistent rent growth. Tours available by appointment.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$148 USD /SF

# OF UNITS

15

PRICE/UNIT

$123,333

CAP RATE

8.66%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

DCD

APN/PARCEL ID

PITT-000010H-000002-000011

ASK ABOUT THIS PROPERTY

Cole UngarSkytop PropertiesMore Info
413-450-1366

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Cole UngarSkytop PropertiesMore Info
413-450-1366

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