Active
2 Days on market
48 Fourth Pittsfield — Photo 1 of 24

48 Fourth Pittsfield — Photo 1 of 24

$264,900

Investment Analysis — 48 Fourth

Pittsfield, MA 01201

Based on rent reported on the MLS listing, a 2-unit multi-family in 01201 carries $3,100/mo in gross rent — about a 9.65% cap rate and $25,568/yr in estimated NOI at the $264,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2

SqFt

2,160

Style

Multi Family

Built

1880

Attention Investors & Portfolio Builders! Exceptional turn-key opportunity to acquire a high-yield, fully leased 2-family home in Pittsfield. Built in 1880, this solid Colonial-style income-producer delivers an ideal layout optimized for low landlord overhead and immediate, stable cash flow from day one. A standout feature of this asset is the entirely separate utility infrastructure, substantially lowering your operational expenses. The downstairs unit (Unit 1) features a comfortable 5-room, 2-bedroom, 1-bathroom unit. The sprawling upstairs unit (Unit 2) offers a spacious 6-room configuration, including 2 traditional bedrooms plus a flexible bonus room—perfect as a 3rd bedroom or home office—complete with its own dedicated in-unit laundry room. With separate meters in place, the tenants handle their own primary utility bills, keeping your net operating income predictable and protected. Both units are used as 3 Bedroom units. The property sits on a low-maintenance 2,613 sq. ft. lot requiring minimal seasonal landscaping or upkeep, and includes essential off-street parking. Structurally sound with an interior-access fieldstone foundation and durable asphalt shingle roofing, this building has been well-maintained. Positioned just moments from downtown Pittsfield, tenants enjoy unparalleled convenience with immediate proximity to local employment hubs, public transit lines, commuter routes, public parks, dining, and retail centers. If you are looking to execute a stable buy-and-hold strategy and clear a strong capitalization rate with active tenant leases already in place, 48 Fourth Street represents an incredibly strategic addition to your real estate portfolio. The low FY2026 residential tax rate further bolsters your bottom line. Do not miss this low-overhead, high-demand multi-family asset. Schedule your walkthrough today!

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.

Open Houses

Property Details

Financials

Original Price$264,900
Annual Taxes$2,703.75

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms11
FireplacesNone
Flooring--
BasementInterior Entry, Unfinished

Climate & Utilities

HeatingNatural Gas, Electric
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationStone
Zoning104

Property & Lot

Acres0.06
SqFt Lot2,613
Lot Features--

Amenities & Appliances

Range • Refrigerator

Geography

Listing Provided By

Listing Agent: Veronica Monczka

Listing Office: Coldwell Banker Community REALTORS®

MLS® Number: 73575640