64-66 Pleasant St
$995,000
12
Beds
6
Baths
5,832
Sqft
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$995,000
12
Beds
6
Baths
5,832
Living Area
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Property Description
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.
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Highlights
- Cooling: Window Unit(s)
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1910
- Heating: Forced Air, Natural Gas, Electric
- Parking Spots: 6
- Property Type: 5+ Family - 5+ Units Side by Side
- Total Rooms: 24
- Status: Active
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Additional Details
- Appliances: Range, Dishwasher, Refrigerator
- Construction: Brick
- Exterior Features: Balcony/Deck
- Foundation: Brick/Mortar
- Interior Features: Bathroom with Shower Stall, Smart Thermostat, Remodeled, Pantry, Walk-In Closet(s), Living Room, Kitchen
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R5
- Basement: Full, Bulkhead, Sump Pump, Concrete
- Exclusions: Washers & Dryers Belong To Tenants
- Flooring: Vinyl, Varies, Hardwood
- Foundation Area: 180
- Lot Features: Corner Lot, Level
- Roof: Rubber
- Total Number of Units: 6
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, House of Worship, Private School, Public School, Sidewalks
- Parking Features: Paved Drive, Off Street, Tandem, Paved
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Utilities
- Electric: Circuit Breakers, 100 Amp Service, Individually Metered, Varies per Unit
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $596,300
- Tax Year: 2026
- Total Rent: $7,085
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $8,122
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Brick & Mortar Northampton.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.