Active
31 Days on market
1574-1579 Pleasant St Lee — Photo 1 of 37

1574-1579 Pleasant St Lee — Photo 1 of 37

$1,260,000

Investment Analysis — 1574-1579 Pleasant St

Lee, MA 01260

Based on rent reported on the MLS listing, a 3-unit multi-family in 01260 carries $12,667/mo in gross rent — about a 8.72% cap rate and $109,829/yr in estimated NOI at the $1,260,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

4

SqFt

3,334

Style

Duplex

Built

1815

Historic 1815 compound — 3 independent income-producing units — $154K gross revenue in 2025. 1815 Greek Revival farmhouse duplex + converted barn — an investment rental property or family compound minutes from Main Street Stockbridge. Turnkey 5-star Airbnb, 6 years running, $154K/year. On historic registry as birthplace of a U.S. Supreme Court Justice. Compact, low-maintenance parcel — all the Berkshires, none of the yard work. Original wide-beam floors, log rafters, double-sided fireplace with brick vaulted bread oven, mature gardens with bistro tables. Three addresses — 1574, 1577 & 1579 Pleasant St. Each unit fully self-contained with own entrance, kitchen, W/D, electricity meter, and heat source. 1574: 2BR/1BA downstairs.1579: 2+BR/2BA upstairs 1577: converted barn with king bed, queen futon loft, and full bath. The hard work is done; you simply take over a fully operational hospitality business. THE NUMBERS 2025 Gross Revenue: $153,702 | NOI: $136,526 | Cap Rate: 10.84% | Gross Yield: 12.20%5-yr avg NOI: $122,423. No pro forma. No projections. All actual. Revenue documented across all seasons— summer STR, fall/winter: remote professionals, insurance relocation, medical professionals. No stabilization period needed. THE LOCATION Minutes to Tanglewood, Kripalu, Stockbridge Bowl. 2.5 hrs NYC · 2 hrs Boston. Peak STR demand June–Aug; remote professionals and corporate tenants fill all three units Sept–May. Twelve months of documented revenue, no seasonal gap over 6 years. THE OPPORTUNITY Historic designation as birthplace of U.S. Supreme Court Justice Henry Billings Brown — a permanent differentiator no new build can replicate. Active STR/MTR listings, 4.88-star brand, 180+ reviews, active forward bookings, guest handbook, host handbook, and operating playbook all convey. Municipal sewer (no Title 5) · public water · FEMA Zone X · dual residential + commercial zoning · electrical updated · 4th unit potential in unfinished barn garage. Furniture, kitchenware, linens + digital marketing assets excluded; available by separate agreement. Active STR — all units occupied.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$1,260,000
Annual Taxes$5,694

Parking

Garage1
Off-Street10

Interior Specifications

Total Rooms12
Fireplaces4
FlooringWood, Hardwood
BasementDirt Floor

Climate & Utilities

HeatingSteam, Oil, Forced Air, Natural Gas, Propane, Electric
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame, Brick, Post & Beam, Barn board
RoofAsphalt/Composition Shingles
FoundationBlock, Granite
ZoningRB

Property & Lot

Acres0.34
SqFt Lot14,810
Lot FeaturesEasements

Amenities & Appliances

Microwave • Refrigerator • Freezer • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Washer • Rangetop - ENERGY STAR • Oven • Washer • Dryer • ENERGY STAR Qualified Dishwasher • Range

Geography

Property History

Listed
$1,260,000

Aug 13, 2026

MLS® 73563141

Expired
$1,260,000

Dec 31, 2025

MLS® 73423628

Expired
$1,260,000

Dec 31, 2025

MLS® 73423627

Listed
$1,260,000

Aug 31, 2025

MLS® 73423628

Listed
$1,260,000

Aug 31, 2025

MLS® 73423627

Listing Provided By

Listing Agent: Derek Greene

Listing Office: The Greene Realty Group

MLS® Number: 73563141