14 Unit investment opportunity! Located just outside of downtown Pittsfield and within walking distance to shops, restaurants, and the Colonial Theater. Classic brick exterior and excellent off street parking. All units feature one bedroom and separate utilities. Coin-op laundry located on site for additional income.
Downtown Pittsfield, located between Wahconah Park and Berkshire Medical Center, is a civic and cultural Pittsfield neighborhood with a classic Main Street grid and a walkable arts corridor. The neighborhood’s character concentrates around the South Street and West Street junction, where galleries, coffee counters, small restaurants, and marquee-lit theaters set the pace. The Colonial Theatre, Barrington Stage Company, and Berkshire Museum act as steady anchors for performances and exhibitions. Brick commercial blocks and restored facades frame pocket plazas and public art. Side streets shift to older multifamily homes and small offices, keeping the streetscape active beyond showtimes.
Provided by Walk Score and Local Logic
Market insights
40 Reed St · $1,150,000
DAYS ON MARKET
175 days
The average home goes pending in 37 days.
SALE-TO-LIST
101.4%
Most homes are selling 1% above list price.
LIST PRICE
$1,150,000
Median list price in this area is $284,144. (75% lower than this home)
PRICE DROP
2 price drops
21% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Refrigerator
Bedrooms
One-bedroom unit(s) (unit data indicates 1 bed)
Bathrooms
Fourteen full bathrooms across the property
No half bathrooms
Kitchen
Includes refrigerator
Laundry & utility
Individual electric meters
Flooring
Carpet
Laminate
Wood
Heating & cooling
Heating present
Electric heating
Natural gas heating
Exterior features
Public sewer
Home design
Other roof type
Parking
Directions: South St. to Reed St.; one-way street (approach from South St.)
Construction
Building total area approximately 9,928
Utilities
Electric service with circuit breakers
Individual electric meters
Public sewer
Financial info
Previous list price noted
Property is listed as Active
Other
Listing broker: NOCHER REALTY
Listing agent: Cory Evangelisto
Electricity and solar
View estimated energy costs and solar savings for this home
INCOME OPPORTUNITY! Centrally located brick apartment complex. Solid rental history, tenants pay own utilities. Close to downtown Pittsfield, shopping and other local Berkshire attractions. Easy access to Rt 20. Rt 9, Rt 8, and Rt 7. Off street parking. Coin operated laundry on site. A well maintained gem off the beaten path. Come see why this property may be a good addition to your portfolio!
BCMLS #226009
Jun 28, 2019
Sold
$745,000
$75/sq ft
Aug 14, 2018
Listed
$819,000
$82/sq ft
+6
BCMLS #224402
Feb 14, 2019
Listing Removed
—
Aug 14, 2018
Listed
$819,000
$82/sq ft
BCMLS #207872
Jan 9, 2017
Listing Removed
—
Jul 28, 2014
Listed
$740,000
$75/sq ft
Public Records
Aug 30, 1993
Sold
$105,000
$11/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$1,971 (+2.1%)
$44,200 + $63,400
$107,600
2022
$1,930 (−1.0%)
$44,200 + $59,800
$104,000
2021
$1,950 (+3.2%)
$44,200 + $57,100
$101,300
2020
$1,890 (+25.6%)
$40,800 + $55,100
$95,900
2019
$1,505 (−0.3%)
$34,000 + $43,500
$77,500
2018
$1,509 (−7.4%)
$34,000 + $41,400
$75,400
2017
$1,629 (+9.5%)
$38,200 + $44,800
$83,000
2016
$1,488 (+3.9%)
$38,200 + $41,100
$79,300
2015
$1,432
$38,200 + $41,100
$79,300
Public record
Beds
3
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
2,614 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,870
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,870
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Berkshire County
APN
2717560
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 19, 2023.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 17 days in 30 years
4/10 Wind Factor
10% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Pittsfield, MA • 01201
Average low and high temperatures (°F)
27
15
30
16
48
28
58
38
65
48
77
57
81
62
77
54
73
51
61
41
47
33
33
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
86/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Pittsfield. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 40 Reed St
$1,098,034
$52K under list price of $1.15M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $315K to $1.2M.