1825 Northampton St · Holyoke, MA 01040

$535,000

5 bd · 5.0 ba · 3,252 sqft · MultiFamily public records · 65 Days on market

Built 1910 $165/sqft · 30% above area Est $411k · 30% over

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.8/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 5 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Rare turnkey 5-Family Investment Opportunity on Northampton St in Holyoke. Don’t miss this exceptional opportunity to own a large 5-family property in the heart of Holyoke with excellent upside potential and below market rents. Whether you’re expanding your portfolio or entering the multifamily market, this property offers strong income potential and long-term value with targeted improvements and expansion. Many long-term tenants in place. A convenient and central location with easy access to local amenities, highways, etc. Up to 10% (60m) Seller Financing possible for qualified Buyers. Come see the potential to take this investment property to the next level!

Key facts

• Central location
• Long-term value
• 5 parking spots

Tags

• CENTRAL LOCATION
• EASY ACCESS TO LOCAL AMENITIES
• STRONG INCOME POTENTIAL
• LONG-TERM VALUE
• TARGETED IMPROVEMENTS
• MANY LONG-TERM TENANTS

What this means for you Summary

Snapshot

• This is a 5 × 6-bed/5.0-bath units multifamily listed at $535k.

Deal economics

• At list price, monthly cash flow is $5k ($61k/yr) — positive. Per door: $1k/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($11k rent vs $535k).
• Recommended offer: $503k (6.0% below list) — sets the bar for market timing.
• Cap rate 17.6% vs local median 5.3% in Holyoke — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 62/100 on livability (#203 in MA) — a middle-class / working-renter tenant base. Strengths: commute A+, health & safety A+, housing B; Watch: schools F, crime F, amenities F.
• Holyoke (suburban): math 5% / reading 14% proficiency, ranked #302 of 302 in MA (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 82% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 43 active listings in the ZIP; 453 units permitted in Hampden County in 2024 (116 in 5+ unit buildings).
• At $10,961/mo this rent would consume 245% of the median local household income ($54k/yr) (locally 2404% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $16k of value loss. Plan a longer hold.
• Hampden County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $150k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($503k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 15y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $330k; list at $535k implies a 62% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $502,900 (6.0% below list)

Questions for the listing agent

1. It's been on market 65 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.05% ✓
• Cap rate: 17.63%
• Cash-on-cash: 40.50%
• DSCR: 2.80
• GRM: 4.1

CMA / ARV

• ARV (median comp): $411,005
• List price: $535,000
• Delta: 30.17%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1823 Northampton St	0.02mi	6/3.0 (+1)	3,178 (-2%)	20mo	$385,000	$121	66
143-145 Westfield Rd	0.56mi	5/3.0	2,852 (-12%)	11mo	$490,000	$172	36
16-18 Dexter St	0.48mi	6/2.5 (+1)	3,610 (+11%)	11mo	$450,000	$125	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 36.9%
• Equity multiple: 2.57×
• Total profit: $235,434
• Equity at exit: $79,770

10-year hold

• IRR: 43.6%
• Equity multiple: 5.14×
• Total profit: $620,101
• Equity at exit: $46,257

Cash invested: $149,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 20 Strongly Tenant-Friendly
• State Massachusetts: 20 Strongly Tenant-Friendly · D+15
• County: — inherits STATE
• City: — inherits STATE

Cambridge / Boston historically rent-controlled (preempted 1994 but consideration ongoing); strong tenant protections; court backlogs.

Methodology + full state rankings →

ZIP-level market 01040

• Home prices YoY: -33.2%
• Active inventory: 43
• Price-to-rent: 20.3×

Monthly cashflow live

• Estimated rent: $10,961 medium
• Mortgage (P&I): −$2,806
• Tax from tax record: −$575 /mo · $6,896/yr
• Insurance: −$223
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,302
• Net cashflow: $5,056

Break-even live

Break-even rent $4,561

Max offer price $535,000

Occupancy floor 49%

5-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 5× units	6	5	$10,960
Total (5 units)			$10,961

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $133,750
• Closing costs: $16,050
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-18
   days on market $535,000 Active 65 DOM
2. 2026-06-17
   days on market $535,000 Active 64 DOM
3. 2026-06-16
   days on market $535,000 Active 63 DOM
4. 2026-06-15
   days on market $535,000 Active 62 DOM
5. 2026-06-14
   days on market $535,000 Active 60 DOM
6. 2026-06-10
   days on market $535,000 Active 57 DOM
7. 2026-06-09
   days on market $535,000 Active 56 DOM
8. 2026-06-08
   days on market $535,000 Active 55 DOM
9. 2026-06-07
   days on market $535,000 Active 54 DOM
10. 2026-06-03
    days on market $535,000 Active 50 DOM
11. 2026-06-02
    days on market $535,000 Active 49 DOM
12. 2026-06-01
    days on market $535,000 Active 48 DOM
13. 2026-05-31
    days on market $535,000 Active 47 DOM
14. 2026-05-30
    days on market $535,000 Active 46 DOM
15. 2026-05-20
    price $535,000 680-char remark

    Show marketing remark (680 chars)

    Rare turnkey 5-Family Investment Opportunity on Northampton St in Holyoke. Don’t miss this exceptional opportunity to own a large 5-family property in the heart of Holyoke with excellent upside potential and below market rents. Whether you’re expanding your portfolio or entering the multifamily market, this property offers strong income potential and long-term value with targeted improvements and expansion. Many long-term tenants in place. A convenient and central location with easy access to local amenities, highways, etc. Up to 10% (60m) Seller Financing possible for qualified Buyers. Come see the potential to take this investment property to the next level!

16. 2026-04-14
    listed $549,000 New 680-char remark

    Show marketing remark (680 chars)

    Rare turnkey 5-Family Investment Opportunity on Northampton St in Holyoke. Don’t miss this exceptional opportunity to own a large 5-family property in the heart of Holyoke with excellent upside potential and below market rents. Whether you’re expanding your portfolio or entering the multifamily market, this property offers strong income potential and long-term value with targeted improvements and expansion. Many long-term tenants in place. A convenient and central location with easy access to local amenities, highways, etc. Up to 10% (60m) Seller Financing possible for qualified Buyers. Come see the potential to take this investment property to the next level!

17. 2025-05-01
    historical $1,540
18. 2025-04-22
    listed $1,540
19. 2022-04-04
    price $1,350
20. 2019-02-28
    soldstatus $329,500
21. 2012-06-29
    soldstatus $200,000 516-char remark

    Show marketing remark (516 chars)

    Large Victorian now used as 5 family, but has excellent potential as Grand Sngle or possible professional use. Terrific Northampton St.(Rte 5) location in Overlay Business District. Interesting offering, many custom features, finished bsmt w/laundry/bath/storage bins, huge attic, newer roof/windows, vinyl siding, paved circular & regular driveways, round open & enclosed front porches & more. Great opportunity for income & mix use. Also listed as Single MLS #71196593 & Commercial #71198616.

22. 2012-06-29
    soldstatus $200,000

    Show marketing remark (516 chars)

    Large Victorian now used as 5 family, but has excellent potential as Grand Sngle or possible professional use. Terrific Northampton St.(Rte 5) location in Overlay Business District. Interesting offering, many custom features, finished bsmt w/laundry/bath/storage bins, huge attic, newer roof/windows, vinyl siding, paved circular & regular driveways, round open & enclosed front porches & more. Great opportunity for income & mix use. Also listed as Single MLS #71196593 & Commercial #71198616.

23. 2011-03-10
    listed $215,000 516-char remark

    Show marketing remark (516 chars)

    Large Victorian now used as 5 family, but has excellent potential as Grand Sngle or possible professional use. Terrific Northampton St.(Rte 5) location in Overlay Business District. Interesting offering, many custom features, finished bsmt w/laundry/bath/storage bins, huge attic, newer roof/windows, vinyl siding, paved circular & regular driveways, round open & enclosed front porches & more. Great opportunity for income & mix use. Also listed as Single MLS #71196593 & Commercial #71198616.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MA · Partial reset (capped growth)

• Current annual tax: $6,896 · $575/mo
• Projected year-2 tax: $6,896 · $575/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥98°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $131,532
• − Mortgage interest: −$29,968
• − Property taxes: −$6,896
• − Insurance: −$2,675
• − Repairs & maintenance: −$10,523
• − Management: −$10,523
• − Depreciation: −$15,564
• Taxable income: $55,384
• Est. tax owed @ 24.0%: −$13,292
• After-tax cash flow: $47,380/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Holyoke
• NCES district ID: 2506270
• Math proficiency: 5% ▼ -7.00%
• Reading proficiency: 14% ▼ -5.00%
• Median HH income: $35,495
• Composite: 7.79/100
• National rank: #9934
• State rank: #302 of 302 in MA

Livability — Holyoke

• Score: 62/100
• State rank: #203
• US rank: #16308

Category grades

Amenities F Commute A+ Cost of living B- Crime F Employment D- Housing B Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Holyoke, MA
• County: Hampden County · 230,965 people
• City population: 37,813
• Metro: Springfield, MA
• Population (ZIP): 37,813
• Household income: $53,605
• Rent vs Own: 58.7% rent · 41.3% own
• Severe rent burden: 2404.0

Population outlook (Hampden County) Hauer SSP2

• Today (2025): 485,646 people
• By 2030: 491,517 · +1.2%
• By 2040: 500,539 · +3.1%
• By 2050: 508,827 · +4.8%
• By 2075: 539,167 · +11.0%
• By 2100: 545,698 · +12.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (52%)
• Race & ethnicity: Hispanic / Latino 52% White 43% Two or more races 23% Black 2%
• Hispanic origin (detail): Puerto Rican 45% Dominican 2%
• Common ancestry: Lithuanian 5% Romanian 4% Slovak 1%
• Foreign-born: 6% · Canada, Jamaica
• Languages at home: 58% English-only · Spanish 39% Russian/Polish/Slavic 1% French/Haitian/Cajun 1%

Political lean MEDSL · Hampden

• 2024 margin: Lean D (+8.9) · D 53.4% · R 44.5% · Other 2.1%
• 2008→2024 swing: -16.4pp toward R · 2008: 25.3pp · 2024: 8.9pp
• All cycles: 2024: D+8.9 2020: D+17.7 2016: D+16.0 2012: D+25.4 2008: D+25.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -146.03%
• Current HPI: 293.93
• Rent YoY: —
• Metro: Springfield, MA
• State GDP YoY: ▲ 2.28%
• F500 in state: 38

Industry mix (Fortune 500 HQ in MA)

Industry	F500 HQs	Revenue
▸Technology	3	$17B
▸Insurance	2	$84B
▸Retail	2	$76B
▸Life Sciences	1	$43B
▸Energy Technology	1	$31B
▸Aerospace / Defense	1	$18B

Price history

+148.8% since first listed

9 events — show timeline

• 2026-05-20 Price Changed $535,000 MLS PIN
• 2026-04-14 Listed $549,000 MLS PIN
• 2025-05-01 Rental Removed $1,540 LEASESTAR
• 2025-04-22 Listed for Rent $1,540 LEASESTAR
• 2022-04-04 Price Changed $1,350 RENT.
• 2019-02-28 Sold (Public Records) $329,500 Public Records
• 2012-06-29 Sold (Public Records) $200,000 Public Records
• 2012-06-29 Sold (MLS) $200,000 MLS PIN
• 2011-03-10 Listed $215,000 MLS PIN

Property tax history

+7.3%/yr

Latest (2023): $6,896 · -0.3% YoY. Source: county tax records.