244 Main St Northampton — Photo 1 of 28
$1,990,000
Investment Analysis — 244 Main St
Northampton, MA 01060
Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 9-unit multi-family in 01060 carries an estimated $16,020/mo in gross rent — about a 5.73% cap rate and $114,083/yr in estimated NOI at the $1,990,000 list price. Adjust every assumption in the calculator below.
Beds
--
Baths
3
SqFt
16,980
Style
5-9 Family
Built
1850
Exceptional mixed-use redevelopment opportunity in the heart of downtown Northampton. This historic 2-building property, offers approximately 16,980 SF with 22 on-site parking spaces, elevator, and architectural plans for a condo conversion with complementary commercial uses. The redesign concept includes 7 residential units, 5 in the Annex and 2 in the Roundhouse, along with 2 commercial spaces: a café and a wellness-focused gym/spa. Residential units are primarily 2-bedroom, 2-bath luxury layouts, including a 2-level, townhouse-style unit, designed for high-quality in-town living. The existing steel pedestrian bridge connecting the Roundhouse directly to Main Street, providing strong visibility and walkability. The café includes a mezzanine level, and the gym/spa is planned for the lower level with multiple means of egress. Steps to shops, dining, bike path, Amtrak to NYC/Boston, and I-91. Located in an Opportunity Zone with potential CPA and historic tax credit eligibility.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Property History
$1,990,000
Oct 22, 2025
MLS® 73446760
$16
Oct 22, 2025
MLS® 73446746
$1,990,000
Oct 22, 2025
MLS® 73446761
Listing Agent: Shelly Hardy
Listing Office: Brick & Mortar Northampton
MLS® Number: 73446760
