About This Property

68-80 Union Street presents a rare opportunity to acquire a stabilized, fully renovated 15-unit multifamily property in the heart of Pittsfield, Massachusetts. The property delivers strong in-place cash flow at a 7.52 cap rate with meaningful embedded upside through below-market rents and two ready-to-lease vacant units. Every unit has been comprehensively renovated: kitchens include new cabinetry, countertops, and stainless steel appliances; updated bathrooms with modern vanities and new flooring; refinished hardwood floors; and fresh paint throughout. The property is turn-key. The unit mix consists of 10 two-bedroom/one-bath and 5 one-bedroom/one-bath units on a 0.39-acre parcel with on-site paved, striped parking. The property is not located in a FEMA 100-year flood hazard zone.