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702-704 Main St, Amherst MA 01002

Amherst, MA 01002
$1,350,000
Est. $8,480/month
10
Beds
6
Baths
3,892
Sq Ft
$347
Price/Sq Ft
0.38
Acres
1880
Year Built
10
Parking
12 hours 25 minutes
Time on Market
Active Listed Jul 8, 2026 • MLS# 73546575 Copied! • Updated Jul 8, 2026

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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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

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%
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
Construction None
Architecture None
Roof Shingle, Rubber
Features Rain Gutters
Pool None
Spa None
Fencing None
Patio/Porch Porch
Features Off Street
Total Spaces 10
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
Fee Includes None
Amenities None
Optional Fee Includes None
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.
Possession None
Accepted Financing None
Structure Type []
House Color White
Sq Ft Source Public Record
Documents None
County Hampshire

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

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

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
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+
Fort River Elementary School
0.3 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
C+
Wildwood Elementary School
0.9 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
The Common School
1.5 mi
Grades PK-05
M

Middle Schools

1 school
A-
Amherst Regional Middle School
0.7 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

3 schools
A-
Amherst Regional High School
0.6 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
School to Farm Program
3.6 mi
Grades 11
A-
Smith Academy
5.0 mi | #7 of 25 | Score: 48.3
Improved 170 spots from last year
-9.9 below state avg
109 students Less Diverse
7 sports • 256 athletes
Strong AP Program High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,453
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

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Payment Over Time

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Year 1
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Year 15
50/50
Year 30
95% Principal
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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 8, 2026 4:15 PM 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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