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16 Paquette Ave 11 Unit Apartment Building $2,495,000 ($226,818/Unit) 5.10% Cap Rate Northampton, MA 01060
Investment Highlights
- Walking Distance to Downtown
- Seperately metered utilities
- Most Units have been updated and renovated
Executive Summary
Rare investment opportunity! Be the next owner of this turnkey, highly profitable, 11-unit rental compound located on a private road off Rt. 66. Neighboring Smith College facilities and walking distance to downtown. This package consists of four duplexes on Paquette Ave. and a three-unit multi-family on West St. Most units have been beautifully renovated and updated to a high-end finish. Hardwood floors, stainless steel appliances, washer & dryer in each unit, separately metered utilities, ample parking, and plenty of storage. Updated units have granite counters, new cabinets, new appliances, updated plumbing, heating, and electrical. Be the next owner of this high-performance investment opportunity. All units can be converted into condos by right.
Showings start Sat. 6/6, 9:00-11:00 AM and Sun. 6/7, 10:00 AM-Noon. 30 min. time slots. Call Joseph 413-404-8191
All tenants have leases. Unit 17 will vacate by July 1st. Unit will be updated, and rent increased.
Accompanied group showings by appointment start Saturday, 6/6, 9-11 AM, and Sunday, 6/7, 10 AM - Noon. Buyer to verify all information. Expense sheet, rent roll, unit info, and APO improvements attached.
Showings start Sat. 6/6, 9:00-11:00 AM and Sun. 6/7, 10:00 AM-Noon. 30 min. time slots. Call Joseph 413-404-8191
All tenants have leases. Unit 17 will vacate by July 1st. Unit will be updated, and rent increased.
Accompanied group showings by appointment start Saturday, 6/6, 9-11 AM, and Sunday, 6/7, 10 AM - Noon. Buyer to verify all information. Expense sheet, rent roll, unit info, and APO improvements attached.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$209,639
|
$21.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$209,639
|
$21.27
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$82,412
|
$8.36
|
| Net Operating Income |
$127,227
|
$12.91
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $209,639 |
| Annual Per SF | $21.27 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $209,639 |
| Annual Per SF | $21.27 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $82,412 |
| Annual Per SF | $8.36 |
| Net Operating Income | |
|---|---|
| Annual | $127,227 |
| Annual Per SF | $12.91 |
Property Facts Under Contract
| Price | $2,495,000 | Building Class | C |
| Price Per Unit | $226,818 | Lot Size | 1.28 AC |
| Sale Type | Investment | Building Size | 9,855 SF |
| Cap Rate | 5.10% | No. Stories | 3 |
| No. Units | 11 | Year Built/Renovated | 1900/2022 |
| Property Type | Multifamily | Parking Ratio | 2.64/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | URB - Urban Business | ||
| Price | $2,495,000 |
| Price Per Unit | $226,818 |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.28 AC |
| Building Size | 9,855 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2022 |
| Parking Ratio | 2.64/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | URB - Urban Business |
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Basement
- Dining Room
- Family Room
- Lawn
- Pantry
- Patio
- Large Bedrooms
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Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | NHAM-000038B-000002-000001 | Improvements Assessment | $1,345,400 |
| Land Assessment | $357,500 | Total Assessment | $1,702,900 |
Property Taxes
Parcel Number
NHAM-000038B-000002-000001
Land Assessment
$357,500
Improvements Assessment
$1,345,400
Total Assessment
$1,702,900
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16 Paquette Ave