Renovated 3-family in a prime Amherst location near both UMass and Amherst College, ideal for owner-occupants or investors seeking strong rental demand. This 5 bed, 3.5 bath property offers 2,934 sq ft across a flexible layout. The spacious first-floor unit features 3 bedrooms, 1.5 baths, a modern kitchen, bright living spaces, and convenient access to the common laundry room. The second floor includes two updated 1 bed, 1 bath units with remodeled kitchens and baths, excellent natural light, and efficient layouts. Beautifully improved throughout with new flooring, contemporary fixtures, and crisp finishes. Sitting on a generous double lot, the property provides ample outdoor space and a classic exterior with stunning covered porches. Separately metered electricity with owner’s panel and hardwired smokes add operating ease. With proximity to downtown Amherst, campus amenities, public transit, and major commuter routes, this turnkey multi-family offers exceptional versatility and value.
Multi-familyProperty Type
1900Year Built
0.6 acresLot Size
$313Est. Price/Sq.Ft.
4 spacesParking
Listed by Kempf-Vanderburgh Realty Consultants• Kempf-Vanderburgh Realty Consultants, Inc.
Bought with Jessica Ryan Lapinski• Delap Real Estate LLC
OVER 2000 SQUARE FEET OF LIVING SPACE IN THIS 1870'S ITALIANATE HOUSE. MANY FINE ARCHITECTURAL FEATURES. LARGE OWNER-OCCUPIED UNIT ON FIRST FLOOR, TWO APARTMENTS UPSTAIRS. WALK TO TOWN.
Year
Property tax
Land + Additions
Assessment*
2023
$9,935 (+3.4%)
$175,400 + $318,900
$494,300
2022
$9,610
$159,400 + $292,400
$451,800
2021
$9,605 (+2.3%)
$147,800 + $292,400
$440,200
2020
$9,385 (+7.3%)
$147,800 + $292,400
$440,200
2018
$8,746 (+2.5%)
$147,800 + $265,900
$413,700
2017
$8,529 (+2.9%)
$140,800 + $249,900
$390,700
2016
$8,291 (+3.3%)
$140,800 + $249,900
$390,700
2015
$8,025 (+3.2%)
$140,800 + $249,900
$390,700
2014
$7,774 (+2.8%)
$135,500 + $235,200
$370,700
2013
$7,559 (+3.3%)
$135,500 + $235,200
$370,700
2012
$7,318 (+1.2%)
$135,500 + $235,200
$370,700
2011
$7,233
$146,200 + $251,200
$397,400
Tax history for 48 Gray St
Year
Property tax
Land + Additions
Assessment*
2023
$9,935 (+3.4%)
$175,400 + $318,900
$494,300
2022
$9,610
$159,400 + $292,400
$451,800
2021
$9,605 (+2.3%)
$147,800 + $292,400
$440,200
2020
$9,385 (+7.3%)
$147,800 + $292,400
$440,200
2018
$8,746 (+2.5%)
$147,800 + $265,900
$413,700
2017
$8,529 (+2.9%)
$140,800 + $249,900
$390,700
2016
$8,291 (+3.3%)
$140,800 + $249,900
$390,700
2015
$8,025 (+3.2%)
$140,800 + $249,900
$390,700
2014
$7,774 (+2.8%)
$135,500 + $235,200
$370,700
2013
$7,559 (+3.3%)
$135,500 + $235,200
$370,700
2012
$7,318 (+1.2%)
$135,500 + $235,200
$370,700
2011
$7,233
$146,200 + $251,200
$397,400
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.