242 Wahconah St · Pittsfield, MA 01201

$160,000

6 bd · 2.0 ba · 2,128 sqft · MultiFamily public records · 11 Days on market

Built 1900 0.30 ac lot $75/sqft · 27% below area Est $221k · 27% under

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Why this score? — see what drove the B+ 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.4/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Investor Special! This gutted duplex offers a blank canvas with 6 bedrooms, 2 bathrooms, and 2,000 sqft of space, plus the possibility of additional living space in the attic. this property features a large backyard with a serene water stream, A standing garage remains on site for additional storage or future use. Situated on a 13,108 sqft lot, can also be bundled with 40 Pecks Rd & 48 Brown st (Pittsfield) for even greater investment potential. Endless possibilities await, renovate, rebuild, or reimagine this space to maximize returns! Schedule a showing today!

Key facts

• Standing garage
• 13
• Large backyard

Tags

• LARGE BACKYARD
• SERENE WATER STREAM
• STANDING GARAGE
• ADDITIONAL LIVING SPACE
• 13
• 108 SQFT LOT

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/0.5-bath units multifamily listed at $160k.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive. Per door: $701/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $160k).
• Cap rate 20.3% vs local median 3.6% in Pittsfield — 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 75/100 on livability (#70 in MA, #3,820 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: employment C-, amenities D+, schools D.
• Pittsfield (urban): math 19% / reading 34% proficiency, ranked #272 of 302 in MA (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+7.7%/yr); 275 active listings in the ZIP; 130 units permitted in Berkshire County in 2024 (10 in 5+ unit buildings).
• At $3,599/mo this rent would consume 61% of the median local household income ($71k/yr) (locally 1580% 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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Berkshire County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 7.7% rent growth), your $45k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 10y ago; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $27k; list at $160k implies a 493% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $460/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $160,000

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is D 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?
8. 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.
9. 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.
10. 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: 2.25% ✓
• Cap rate: 20.27%
• Cash-on-cash: 49.91%
• DSCR: 3.22
• GRM: 3.7

CMA / ARV

• ARV (median comp): $220,678
• List price: $160,000
• Delta: -20.70%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
104 Linden	0.67mi	6/2.0	2,103 (-1%)	15mo	$115,000	$55	54
114 Danforth Ave	0.53mi	5/2.0 (-1)	1,828 (-14%)	6mo	$289,900	$159	42
253 Dewey Ave	0.65mi	5/2.0 (-1)	1,959 (-8%)	16mo	$167,000	$85	38
79-81 Greylock Ter	0.49mi	7/2.0 (+1)	2,352 (+10%)	23mo	$250,000	$106	35
161 Madison Ave	0.63mi	5/2.0 (-1)	1,884 (-12%)	16mo	$180,000	$96	33
67-69 Glenwood Ave	0.70mi	6/2.0	1,816 (-15%)	17mo	$150,000	$83	29

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 · 7.72% rent growth · sell at horizon

5-year hold

• IRR: 39.6%
• Equity multiple: 2.82×
• Total profit: $81,580
• Equity at exit: $23,857

10-year hold

• IRR: 48.5%
• Equity multiple: 6.99×
• Total profit: $268,149
• Equity at exit: $13,834

Cash invested: $44,800 (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 01201

• Rents YoY: 7.7%
• Active inventory: 275
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $3,599 high
• Mortgage (P&I): −$839
• Tax from tax record: −$74 /mo · $892/yr
• Insurance: −$67
• Flood insurance flood zone: −$460 /mo · $5,525/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$756
• Net cashflow: $1,403

Break-even live

Break-even rent $1,823

Max offer price $160,000

Occupancy floor 56%

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	0.5	$3,598
Total (2 units)			$3,599

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $160,000 Active 11 DOM
2. 2026-06-18
   days on market $160,000 Active 10 DOM
3. 2026-06-17
   days on market $160,000 Active 9 DOM
4. 2026-06-16
   days on market $160,000 Active 8 DOM
5. 2026-06-15
   days on market $160,000 Active 7 DOM
6. 2026-06-14
   days on market $160,000 Active 5 DOM
7. 2026-06-12
   statusdays on market $160,000 Active 4 DOM
8. 2026-06-09
   pricestatusdays on marketlisting id $160,000 New 1 DOM
9. 2026-06-02
   days on market $175,000 Active 91 DOM
10. 2026-06-01
    days on market $175,000 Active 90 DOM
11. 2026-05-31
    days on market $175,000 Active 89 DOM
12. 2026-05-30
    days on market $175,000 Active 88 DOM
13. 2026-03-03
    listed $175,000 New 572-char remark

    Show marketing remark (572 chars)

    Investor Special! This gutted duplex offers a blank canvas with 6 bedrooms, 2 bathrooms, and 2,000 sqft of space, plus the possibility of additional living space in the attic. this property features a large backyard with a serene water stream, A standing garage remains on site for additional storage or future use. Situated on a 13,108 sqft lot, can also be bundled with 40 Pecks Rd & 48 Brown st (Pittsfield) for even greater investment potential. Endless possibilities await, renovate, rebuild, or reimagine this space to maximize returns! Schedule a showing today!

14. 2019-04-17
    soldstatus $27,000 404-char remark

    Show marketing remark (404 chars)

    Investors take notice! Side-by-side duplex with spacious units and a large open back yard. Each unit has three bedrooms, separate utilities, and hardwood floors throughout. Plenty of off street parking and a two car detached garage. *The source of all representation are from the seller or a public source; broker has not verified same. It is recommended that buyer independently verify all information.*

15. 2019-02-04
    listed $34,900 404-char remark

    Show marketing remark (404 chars)

    Investors take notice! Side-by-side duplex with spacious units and a large open back yard. Each unit has three bedrooms, separate utilities, and hardwood floors throughout. Plenty of off street parking and a two car detached garage. *The source of all representation are from the seller or a public source; broker has not verified same. It is recommended that buyer independently verify all information.*

16. 2018-09-13
    historical
17. 2018-06-13
    listed $29,900
18. 2016-12-22
    soldstatus $8,500
19. 2016-12-22
    soldstatus $8,500
20. 2016-08-25
    listed $19,900
21. 2016-08-24
    listed $19,900

ⓘ 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: $892 · $74/mo
• Projected year-2 tax: $1,430 · $119/mo
• Expected delta: +$538/yr (+$45/mo · 60.3%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone AE · 33% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥92°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 9% 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: $43,188
• − Mortgage interest: −$8,962
• − Property taxes: −$892
• − Insurance: −$6,325
• − Repairs & maintenance: −$3,455
• − Management: −$3,455
• − Depreciation: −$4,655
• Taxable income: $15,444
• Est. tax owed @ 24.0%: −$3,707
• After-tax cash flow: $13,126/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: Pittsfield
• NCES district ID: 2509630
• Math proficiency: 19% ▼ -10.00%
• Reading proficiency: 34% ▼ -2.00%
• Median HH income: $44,032
• Composite: 22.67/100
• National rank: #8046
• State rank: #272 of 302 in MA

Livability — Pittsfield

• Score: 75/100
• State rank: #70
• US rank: #3820

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pittsfield, MA
• County: Berkshire County · 44,848 people
• City population: 44,848
• Metro: Pittsfield, MA
• Population (ZIP): 44,848
• Household income: $71,093
• Rent vs Own: 36.5% rent · 63.5% own
• Severe rent burden: 1580.0

Population outlook (Berkshire County) Hauer SSP2

• Today (2025): 119,723 people
• By 2030: 114,608 · -4.3%
• By 2040: 102,806 · -14.1%
• By 2050: 91,305 · -23.7%
• By 2075: 71,517 · -40.3%
• By 2100: 57,988 · -51.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Two or more races 10% Hispanic / Latino 9% Black 5% Asian 1%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Lithuanian 8% Romanian 6% Slovak 2%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 90% English-only · Spanish 6% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Berkshire

• 2024 margin: Solid D (+39.9) · D 68.9% · R 29.0% · Other 2.1%
• 2008→2024 swing: -12.5pp toward R · 2008: 52.4pp · 2024: 39.9pp
• All cycles: 2024: D+39.9 2020: D+47.1 2016: D+41.5 2012: D+53.7 2008: D+52.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -199.88%
• Current HPI: 283.3421
• Rent YoY: ▲ 7.72%
• Metro: Pittsfield, 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

+779.4% since first listed

9 events — show timeline

• 2026-03-03 Listed $175,000 MLS PIN
• 2019-04-17 Sold (MLS) $27,000 BCMLS
• 2019-02-04 Listed $34,900 BCMLS
• 2018-09-13 Listing Removed — BCMLS
• 2018-06-13 Listed $29,900 BCMLS
• 2016-12-22 Sold (MLS) $8,500 MLS PIN
• 2016-12-22 Sold (MLS) $8,500 BCMLS
• 2016-08-25 Listed $19,900 MLS PIN
• 2016-08-24 Listed $19,900 BCMLS

Property tax history

-6.7%/yr

Latest (2023): $892 · +38.1% YoY. Source: county tax records.