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48 Gray St, Amherst MA 01002

Amherst, MA 01002
$879,900
Est. $5,534/month
5
Beds
3.5
Baths
2,934
Sq Ft
$300
Price/Sq Ft
0.60
Acres
1900
Year Built
89
Days on Market
Pending Price Drop -$20,000 Listed Nov 16, 2025 • MLS# 73455345 Copied!

About this home

Renovated 3-family in a prime Amherst location near both UMass and Amherst College, ideal for owner-occupants or investors seeking strong rental demand. This 5 bed, 3.5 bath property offers 2,934 sq ft across a flexible layout. The spacious first-floor unit features 3 bedrooms, 1.5 baths, a modern kitchen, bright living spaces, and convenient access to the common laundry room. The second floor includes two updated 1 bed, 1 bath units with remodeled kitchens and baths, excellent natural light, and efficient layouts. Beautifully improved throughout with new flooring, contemporary fixtures, and crisp finishes. Sitting on a generous double lot, the property provides ample outdoor space and a classic exterior with stunning covered porches. Separately metered electricity with owner’s panel and hardwired smokes add operating ease. With proximity to downtown Amherst, campus amenities, public transit, and major commuter routes, this turnkey multi-family offers exceptional versatility and value.

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Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
5
Full Bathrooms
3
Half Bathrooms
1
Living Area
2,934 sq ft
Total Rooms
12
Stories
3
Levels
3

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1900
Living Area 2,934 sq ft
Lot Size 0.60 acres
Bedrooms 5
Full Baths 3
Half Baths 1
Total Rooms 12

Interior

Heating Forced Air, Oil, Electric
Cooling Wall Unit(s), None
Flooring Varies, Hardwood
Appliances Range, Dishwasher, Microwave, Refrigerator
Fireplace None
Fireplaces 1
Basement Full, Bulkhead, Concrete
Laundry None
Features Storage, Stone/granite/solid Counters, Upgraded Cabinets, Upgraded Countertops, Bathroom With Shower Stall, Remodeled, Living Room, Dining Room, Kitchen

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Rain Gutters
Pool None
Spa None
Fencing None
Patio/Porch Screened

Parking

Features Off Street, Paved
Total Spaces 4

Utilities

Electric Circuit Breakers, Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $10,617
Assessed Value $591,500

Interior Features

Flooring: Varies, Hardwood
Appliances: Range, Dishwasher, Microwave, Refrigerator
Interior Features: Storage, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Bathroom with Shower Stall, Remodeled, Living Room, Dining Room, Kitchen
Windows: Insulated Windows
Basement: Full, Bulkhead, Concrete
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone, Brick/Mortar, Granite
Stories: 3

Heating, Cooling & Utilities

Heating: Forced Air, Oil, Electric
Cooling: Wall Unit(s), None
Hot Water: Electric
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Rain Gutters
Patio & Porch: Screened
Fencing:
Other Structures: Barn/Stable
Lot Features: Gentle Sloping
Road Surface:

Parking & Garage

Total Parking Spaces: 4
Parking Features: Off Street, Paved

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities:

Location

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Neighborhood

48 Gray St, Amherst MA 01002

Amherst, MA 01002

Walkability

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Nearby Schools

School District
Amherst-Pelham School District local
School Safety 2024-25
0.3% Low
0.3% Suspensions 0.7% In-School
5.2% below state avg
E

Elementary Schools

3 schools
C+
Wildwood Elementary School
0.7 mi | #573 of 824 | Score: 42.2
Dropped 332 spots from last year
-16.1 below state avg
314 students Very Diverse
Diverse Student Body
Grades K-06
C+
Fort River Elementary School
0.8 mi | #579 of 824 | Score: 41.8
Dropped 279 spots from last year
-16.4 below state avg
371 students Diverse
Diverse Student Body
Grades K-06
The Common School
1.3 mi
Grades PK-05
M

Middle Schools

1 school
A-
Amherst Regional Middle School
0.5 mi | #95 of 352 | Score: 50.3
Improved 32 spots from last year
-7.9 below state avg
366 students Diverse
Rising School Diverse Student Body
Grades 07-08
H

High Schools

1 school
A-
Amherst Regional High School
0.2 mi | #84 of 346 | Score: 61.6
Improved 113 spots from last year
+3.4 above state avg
816 students Diverse
19 sports • 1,680 athletes
Strong AP Program Rising School College Ready Curriculum Strong Athletics
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $885
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

1
Price Changes
2.2%
Price Range

Property Timeline

📋
Status: Active under contract
Feb 13, 2026
Active → Active Under Contract
Pending Sale
Feb 9, 2026
Offer accepted, sale pending
Price Reduced
Jan 30, 2026
$879,900 $20,000 (-2.22%)
From $899,900 to $879,900 (-2.2%)
🏠
Listed for Sale
Nov 16, 2025
$899,900
Original listing
Agent: Kempf-Vanderburgh Realty Consultants Office: Kempf-Vanderburgh Realty Consultants, Inc.

Price & Status History

Date Event Price Change
Feb 13, 2026 Status: Active under contract $0
Jan 30, 2026 Price Changed $879,900 -$20,000
Nov 16, 2025 New Listing Added $899,900

Market Statistics

Days on Market
89 days
Price per Sq Ft
$300
Total Price Drop
-$20,000

Tax History

Year Taxes Assessment
2025 $10,617 $591,500

Financial Details

Annual Property Tax
$10,617
Tax Year 2025
Assessed Value
$591,500

Listing Information

Listing Agent Kempf-Vanderburgh Realty Consultants
Listing Office Kempf-Vanderburgh Realty Consultants, Inc.
Agent MLS ID TM332078
Office MLS ID AN7213
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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