40 Lake St. Northampton — Photo 1 of 23
$399,000
Investment Analysis — 40 Lake St.
Northampton, MA 01062 — Florence
Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 3-bedroom in 01062 carries an estimated $2,520/mo in gross rent — about a 4.09% cap rate and $16,321/yr in estimated NOI at the $399,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,308
Style
Single Family
Built
1967
Don't let the exterior fool you. With a 14 x 28-foot addition at the back, you'll enjoy a spacious living area of 1,367 square feet . The addition is both a dining and living room. Step out onto the wrap-around deck from the living room and take in the lovely view of the expansive backyard. The kitchen features a charming garden window along with plenty of cabinets for all your cooking needs. You'll love the warm wood flooring that flows throughout most of the home, creating a cozy atmosphere. There are (3) bedrooms with wood flooring and a full bath. The oversized one-car garage (12 x 28 feet) was added in 2016. Boiler and HWH were replaced in 2018, as per permit records. The location is great! You're just a short walk from Florence Center and close to the bike path and JFK school as well as Look Park. Come check it out at the open house on 9/10; 4:30 to 6 p.m. It can also be shown prior to the open house. Don’t miss out!
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 654 sq ft (the lesser of 900 sq ft or half the 1,308 sq ft principal dwelling). Lot size: 13,059 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Refrigerator • Range Hood
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Wood, Exterior Access, Open Floorplan, Lighting - Overhead
Dining Room
Lvl FirstFlooring - Wood, Exterior Access, Open Floorplan
Kitchen
Lvl FirstFlooring - Vinyl, Window(s) - Bay/Bow/Box, Gas Stove, Lighting - Overhead
Master Bedroom
Lvl FirstCeiling Fan(s), Closet, Flooring - Wood
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstCloset, Flooring - Wood
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Listing Agent: Anne M. Young
Listing Office: Brick & Mortar Northampton
MLS® Number: 73573991
