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64-66 Pleasant St, Easthampton, MA 01027

$995,000

•

12
bed
6
bath
5,832
Sqft ($171/Sqft)

Multi-family for sale 138 days

About 64-66 Pleasant St

Property type Multi-family

Year built 1910

HOA fee $0/month

Lot size 3,485 Sqft

Movoto estimate

Property description

RENT INCREASES JULY 1ST !!! ($4,440 annually) 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 $1,110/month. Tenants own washers/dryers; all other appliances are landlord-owned.Current cap rate is 5.9% (increased .4%), 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.

Listed by

Listing Agent - Deborah Cahillane

Listing Office - Brick & Mortar Northampton

Source: MLS Property Information Network, Inc.

MLS#73504629 • last updated 2 months ago

Movoto checked MLS Property Information Network, Inc. for data 3 minutes ago

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Overview
Cooling/AC	Window Unit(s)
Heating	Forced Air, Natural Gas, Electric
Levels/Style	5, 5
MLS #	73504629
Type	Residential Income
Status	Active
SubType	5+ Family - 5+ Units Side By Side
SqFt	5832
Lot Size (SqFt)	3485
Lot Size (Acres)	0.08
Annual Property Tax	8122.7
Year Built	1910

Interior
Total # of Bathrooms	6
# Full Baths	6
Total # of Bedrooms	12
Basement	Full, Bulkhead, Sump Pump, Concrete
Total # of Rooms	24
Laundry	Washer & Dryer Hookup, Electric Dryer Hookup, Washer Hookup
Flooring	Vinyl, Varies, Hardwood
Appliances	Range, Dishwasher, Refrigerator
Interior Features	Bathroom With Shower Stall, Smart Thermostat, Remodeled, Pantry, Walk-In Closet(s), Living Room, Kitchen
Door Features	Insulated Doors, Storm Door(s)
Window Features	Skylight(s), Insulated Windows, Screens

Exterior
Foundation	Brick/Mortar
Roof	Rubber
Construction	Brick
Parking Desc	Paved Drive, Off Street, Tandem, Paved
# Parking Spaces	6
Exterior Features	Balcony/Deck
Lot Desc	Corner Lot, Level

Amenities / Utilities
Sewer	Public Sewer
Green Features: Energy Efficiency	Thermostat, Varies Per Unit
Utilities	For Gas Range, for Electric Range, for Electric Dryer, Washer Hookup, Varies Per Unit
Electricity	Circuit Breakers, 100 Amp Service, Individually Metered, Varies Per Unit
Water Source	Public

Location
County	Hampshire
Community Features	Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, House Of Worship, Private School, Public School, Sidewalks
Zoning	R5
APN	3027796
Directions	Corner Of Pleasant St & Fugere Ct. GPS Friendly

Multifamily Details
Rent Includes	Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Net Operating Income	59208
Operating Expense	30252
Total Actual Rent	7085
Financial Data Source	Owner
Expense: Water/ Sewer	3719
Gross Income	89460
Expense: Electricity	463