702-704 Main St, Amherst MA 01002
Amherst, MA 01002
$1,350,000
Est. $8,480/month
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About this home
Prime 5-Family Investment Property in Amherst! Located less than a mile from Amherst Center, this exceptionally well-maintained property offers tenants a walkable lifestyle - steps to restaurants, shopping, Amherst College, and close to UMass, with easy access to public transportation. Recent upgrades include a new Buderus heating system (approx. 2 years old). Each unit has separate electric meters, and their own water heater. All five units feature beautiful wood floors and private entrances, offering tenants comfort and independence. A large parking lot adds convenience for residents. All units are currently rented through May 2027 - a turnkey opportunity with immediate, stable rental income in one of the Pioneer Valley's most sought-after college-town markets.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Jul 8, 2026
$1,350,000
Original listing
Agent: Matthew Crowner
Office: William Raveis R.E. & Home Services
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/08/2026 | 🏠 Listed for Sale | $1,350,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $17,438 | $1,031,200 |
Financial Details
Annual Property Tax
$17,438
Tax Year 2026
Assessed Value
$1,031,200
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1880
Living Area
3,892 sq ft
Lot Size
0.38 acres
Bedrooms
10
Full Baths
6
Total Rooms
21
Investment Metrics
Units
5
Unit 1 Rent
$3,335/mo · Y
Unit 2 Rent
$1,395/mo · Y
Unit 3 Rent
$1,455/mo · Y
Unit 4 Rent
$1,780/mo · Y
Total Monthly Rent
$7,965/mo
Gross Income
$118,260
Net Operating Income
$97,510
Operating Expenses
$8,750
Electric Expense
$750
Insurance Expense
$12,000
Cap Rate
7.22%
Interior
Heating
Forced Air, Oil, Baseboard, Electric
Cooling
None
Flooring
Wood, Vinyl
Appliances
Range, Refrigerator, Dishwasher, Microwave
Fireplace
None
Basement
Full, Crawl Space, Bulkhead, Sump Pump, Unfinished
Laundry
None
Features
Bathroom With Shower Stall, Internet Available - Broadband, Bathroom With Tub, Living Room, Kitchen
Exterior
Construction
None
Architecture
None
Roof
Shingle, Rubber
Features
Rain Gutters
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Off Street
Total Spaces
10
Utilities
Electric
Circuit Breakers, Individually Metered
Water
Public, Individual Meter
Sewer
Public Sewer
Gas
None
Other
For Electric Range
Financial
Annual Tax
$17,438
Assessed Value
$1,031,200
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
There Are Cats In Unit 2. Expenses Aprox. Oil Heat Included In Rent For Units 2-5. Leases Run Through May 2027. Electric Heat On Second Floor Of Units 4 & 5. All Info Apo. Buyers / Buyer Agents To Do Their Own Due Diligence.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
White
Sq Ft Source
Public Record
Documents
None
County
Hampshire
Total market time (incl. prior listings)
4 days
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1880
Bedrooms
10
Full Bathrooms
6
Living Area
3,892 sq ft
Total Rooms
21
Stories
8
Levels
8
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,892 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Vinyl
Appliances:
Range, Refrigerator, Dishwasher, Microwave
Interior Features:
Bathroom with Shower Stall, Internet Available - Broadband, Bathroom With Tub, Living Room, Kitchen
Windows:
Screens
Basement:
Full, Crawl Space, Bulkhead, Sump Pump, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1880
Structure Type:
Exterior Materials:
Roof:
Shingle, Rubber
Foundation:
Stone, Brick/Mortar
Stories:
8
Heating, Cooling & Utilities
Heating:
Forced Air, Oil, Baseboard, Electric
Cooling:
Hot Water:
Electric
Water Source:
Public, Individual Meter
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Rain Gutters
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Cleared
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
10
Parking Features:
Off Street
Nearby Schools
School information not available for this location.
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
$1,453
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
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.
Location
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Neighborhood
702-704 Main St, Amherst MA 01002
Amherst, MA 01002
Listing Information
Listing Agent
Matthew Crowner
Listing Office
William Raveis R.E. & Home Services
Office Phone
413-549-3700
Agent MLS ID
CN211404
Office MLS ID
AN8246
Listing Data Updated
Jul 12, 2026 3:07 AM EDT
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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