$565,000
SOLD NOV 21, 2024

337 Newton St South Hadley, MA 01075

South Hadley Neighborhood
6 Beds
5 Baths
3,798 Sq Ft
7,838 Sq Ft Lot

Recently Sold

$149 Per Sq Ft

3% Above List Price

7 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Window Unit Cooling System
  • Corner Lot
  • Walk-In Closet
  • Bathtub with Shower

About This Home

As of November 2024

Profitable 5 family in a desirable South Hadley neighborhood! Four units are 1 bedroom 1 bathroom apartments with one 2 bedroom unit on the 3rd Floor. Roof was replaced in 2010. Coin operated washer & dryer in the basement. Separate 100amp electric meters for all units including an owner’s meter. One gas hot water tank (approx 5 years old) for the building so hot water is included in all rents. Gas boiler was installed a couple years ago & is plumbed to add an indirect water heater. Boiler provides heat for 3 units (1st Floor Left, 1st Floor Right, & 2nd Floor Front). 6 parking spaces available to tenants including a 2 car detached garage. Current owner rents a couple of the units with AirBnB while the others are longer term tenants. Please see the attached documents for an income & expense report and a full breakdown of average rental income of each unit along with what each unit’s rent includes. Don’t miss your chance to capitalize on this amazing investment opportunity!

Last Agent to Sell the Property

Christopher Gerber

Naples Realty Group

Naples Realty Group

Co-Listed By

Amanda Moulton

Naples Realty Group

Last Buyer's Agent

Eve Crampton

Berkshire Hathaway HomeServices Realty Professionals

Berkshire Hathaway HomeServices Realty Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,949

Year Built

  • Built in 1925

Lot Details

  • 7,838 Sq Ft Lot
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,798 Sq Ft Home
  • Ceiling Fan
  • Combination Dining and Living Room

Kitchen

  • Range with Range Hood
  • Microwave

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 5 Full Bathrooms
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Block Basement Construction

Outdoor Features

  • Bulkhead
  • Balcony

Location

  • Property is near schools

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Separate Meters
  • 100 Amp Service

Listing and Financial Details

  • Total Actual Rent $8,100
  • Rent includes unit 1(heat electric hot water), unit 2(heat hot water), unit 3(heat electric hot water), unit 4(heat electric hot water)
  • Assessor Parcel Number M:0027 B:0292 L:0000,3061415

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Building Details

  • Electric Expense $673
  • Insurance Expense $4,170
  • Water Sewer Expense $2,843
  • Operating Expense $13,145
  • Net Operating Income $70,671

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,949

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1925
  • Year Built Details: Renovated Since
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Flooring: Tile, Vinyl, Carpet, Laminate, Hardwood
  • Interior Amenities: Laundry Room, Ceiling Fan(s), Bathroom With Tub & Shower, Pantry, Walk-In Closet(s), Bathroom with Shower Stall, Living Room, Kitchen, Living RM/Dining RM Combo
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Range, Microwave, Refrigerator, Range Hood
  • Total Bedrooms: 6
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Total Bathrooms: 5
  • Laundry Features: Washer Hookup
  • Basement: Full, Bulkhead, Sump Pump, Concrete
  • Living Area: 3798
  • Spa YN: No
  • Stories Total: 9
  • Window Features: Picture Window
  • MAIN LO: AN6415
  • LIST PRICE PER Sq Ft: 144.81
  • PRICE PER Sq Ft: 148.76
  • MAIN SO: AN7274

Exterior Features

  • Exterior Features: Balcony/Deck
  • Construction Materials: Frame
  • Foundation Details: Block
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range, Washer Hookup
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Natural Gas, Electric
  • Cooling Y N: Yes
  • Electric: Circuit Breakers, 100 Amp Service, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • Community Features: Public School
  • Rent Includes: Unit 1(Heat,Electric,Hot Water), Unit 2(Heat,Hot Water), Unit 3(Heat,Electric,Hot Water), Unit 4(Heat,Electric,Hot Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2843

Lot Info

  • Parcel Number: M:0027 B:0292 L:0000,3061415
  • Zoning: RA2
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Level
  • Lot Size Acres: 0.18
  • Lot Size Area: 0.18
  • Lot Size Sq Ft: 7838
  • Lot Size Units: Acres
  • PAGE: 304
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5949
  • Tax Book Number: 6691

Multi Family

  • Electric Expense: 673
  • Gross Income: 83816
  • Insurance Expense: 4170
  • Net Operating Income: 70671
  • Number Of Units Total: 5
  • Operating Expense: 13145
  • Total Actual Rent: 8100
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2024 11/21/24 Sold $565,000 +2.7% $149 / Sq Ft
09/30/2024 09/30/24 Pending -- -- --
09/23/2024 09/23/24 For Sale $550,000 -- $145 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73293465

MLS Property Information Network (MLS PIN)

Massachusetts Hampshire County South Hadley 01075 South Hadley

337 Newton St, South Hadley, MA

Homes for Sale in South Hadley, MA

This home is located at 337 Newton St, South Hadley, MA 01075 and is currently priced at $565,000, approximately $148 per square foot. This property was built in 1925. 337 Newton St is a home located in Hampshire County with nearby schools including Plains Elementary School, Mosier Elementary School, and Michael E. Smith Middle School.

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MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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