
64-66 Pleasant St Easthampton — Photo 1 of 42
$995,000
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.
* Analysis is based on 22 actively listed and recently sold comparable properties strictly within Easthampton, MA.
Range • Dishwasher • Refrigerator
Public Transportation • Shopping • Park • Walk/Jog Trails • Laundromat • Bike Path
17,716
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
$74K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
39.0%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
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 Agent: Deborah Cahillane
Listing Office: Provided by MLS PIN
MLS® Number: 73504629
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