Active
141 Days on market
64-66 Pleasant St Easthampton — Photo 1 of 42

64-66 Pleasant St Easthampton — Photo 1 of 42

$995,000

64-66 Pleasant St, Easthampton, MA 01027

Easthampton, MA 01027

Beds

12

Baths

6

SqFt

5,832

Style

5+ Family - 5+ Units Side by Side

Built

1910

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$171/sqft
Local Avg (Easthampton)$286/sqft
40% BelowMarket Average

* Analysis is based on 22 actively listed and recently sold comparable properties strictly within Easthampton, MA.

Property Details

Financials

Original Price$995,000
Annual Taxes$8,122.7

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms24
FireplacesNone
FlooringVinyl, Varies, Hardwood
BasementFull, Bulkhead, Sump Pump, Concrete

Climate & Utilities

HeatingForced Air, Natural Gas, Electric
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
RoofRubber
FoundationBrick/Mortar
ZoningR5

Property & Lot

Acres0.08
SqFt Lot3,485
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Range • Dishwasher • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Laundromat • Bike Path

Geography

Population

17,716

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$74K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

39.0%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Hampshire County

384 housing units permitted in the last 12 months (+45% vs the prior 12 months) — 272 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Deborah Cahillane

Listing Office: Brick & Mortar Northampton

MLS® Number: 73504629

Browse More Homes in Easthampton

Explore other active listings in the area.