48 Fourth St Pittsfield, MA 01201
Pittsfield AreaEstimated payment $1,694/month
Highlights
- Living Room
- Dining Room
- Heating System Uses Natural Gas
About This Home
Attention Investors & Portfolio Builders! Exceptional turn-key opportunity to acquire a high-yield, fully leased 2-family home in Pittsfield. Built in 1880, this solid Colonial-style income-producer delivers an ideal layout optimized for low landlord overhead and immediate, stable cash flow from day one. A standout feature of this asset is the entirely separate utility infrastructure, substantially lowering your operational expenses. The downstairs unit (Unit 1) features a comfortable 5-room, 2-bedroom, 1-bathroom unit. The sprawling upstairs unit (Unit 2) offers a spacious 6-room configuration, including 2 traditional bedrooms plus a flexible bonus room—perfect as a 3rd bedroom or home office—complete with its own dedicated in-unit laundry room. With separate meters in place, the tenants handle their own primary utility bills, keeping your net operating income predictable and protected. Both units are used as 3 Bedroom units. The property sits on a low-maintenance 2,613 sq. ft. lot requiring minimal seasonal landscaping or upkeep, and includes essential off-street parking. Structurally sound with an interior-access fieldstone foundation and durable asphalt shingle roofing, this building has been well-maintained. Positioned just moments from downtown Pittsfield, tenants enjoy unparalleled convenience with immediate proximity to local employment hubs, public transit lines, commuter routes, public parks, dining, and retail centers. If you are looking to execute a stable buy-and-hold strategy and clear a strong capitalization rate with active tenant leases already in place, 48 Fourth Street represents an incredibly strategic addition to your real estate portfolio. The low FY2026 residential tax rate further bolsters your bottom line. Do not miss this low-overhead, high-demand multi-family asset. Schedule your walkthrough today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,704
Year Built
- Built in 1880
Lot Details
- 2,613 Sq Ft Lot
Home Design
- Stone Foundation
Interior Spaces
- 2,160 Sq Ft Home
- Property has 1 Level
- Living Room
- Dining Room
- Unfinished Basement
- Interior Basement Entry
- Range
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- 2 Car Parking Spaces
- Shared Driveway
- 2 Open Parking Spaces
- Off-Street Parking
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
Community Details
- 2 Units
- Net Operating Income $36,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,772 | $154,500 | $24,000 | $130,500 |
| 2024 | $1,533 | $83,100 | $24,000 | $59,100 |
| 2023 | $1,425 | $77,800 | $24,000 | $53,800 |
| 2022 | $1,331 | $71,700 | $21,000 | $50,700 |
| 2021 | $1,399 | $72,700 | $21,000 | $51,700 |
| 2020 | $1,397 | $70,900 | $21,000 | $49,900 |
| 2019 | $1,377 | $70,900 | $22,700 | $48,200 |
| 2018 | $1,371 | $68,500 | $22,700 | $45,800 |
| 2017 | $1,337 | $68,100 | $24,000 | $44,100 |
| 2016 | $1,398 | $74,500 | $24,000 | $50,500 |
| 2015 | $1,345 | $74,500 | $24,000 | $50,500 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/10/2026 09/10/26 | For Sale | $264,900 | +34.1% | $123 / Sq Ft | |
| 06/06/2024 06/06/24 | Sold | $197,500 | -1.2% | $91 / Sq Ft | View Prior Sale |
| 03/26/2024 03/26/24 | Pending | -- | -- | -- | |
| 02/19/2024 02/19/24 | For Sale | $199,900 | -- | $93 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $197,500 | None Available | |
| Deed | $74,000 | -- | |
| Deed | $22,500 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $158,000 | Purchase Money Mortgage | |
| Previous Owner | $50,000 | No Value Available | |
| Previous Owner | $71,250 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73575640
APN: PITT-000009I-000002-000006
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Ask me questions while you tour the home.