
901 Homestead Avenue Holyoke — Photo 1 of 25
$329,900
Investment Analysis — 901 Homestead Avenue
Holyoke, MA 01040 — Elmwood Heights
Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 2-bedroom in 01040 carries an estimated $1,720/mo in gross rent — about a 3.36% cap rate and $11,079/yr in estimated NOI at the $329,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1.5
SqFt
1,494
Style
Single Family
Built
1946
WELCOME HOME to this immaculate Ranch near Ashely Reservoir! The construction is wonderful and the current owner has paid extreme attention to detail regarding upgrades and maintenance. The house is charming and has oak flooring in most rooms. The large living room is bright and leads into a refinished kitchen with gas stove and new refrigerator. The original third bedroom has been converted to a lovely open dining room that looks out a slider to the almost half acre private yard with composite deck and house awning! There are 2 nice sized bedrooms and a full bath with shower on this level. The downstairs has been converted to a TV room, private office and another room that has a closet. There is a half bath here. Plenty of storage and laundry on the other side of the basement. Brand new gas boiler and hot water tank ( Holyoke has their own utility services with reasonable rates) and updated circuit breakers. The roof is about 10 years old, the windows and slider are about 15 years old, the driveway has been replaced and the awning is 5 years old. The house is vinyl sided. Super storage shed in the back. Mature landscaping includes an apple tree!
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: 747 sq ft (the lesser of 900 sq ft or half the 1,494 sq ft principal dwelling). Lot size: 18,295 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Bike Path • Conservation Area • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First16 x 13
Ceiling Fan(s), Flooring - Hardwood
Dining Room
Lvl First14 x 12
Ceiling Fan(s), Closet, Flooring - Hardwood, Exterior Access, Open Floorplan, Slider
Kitchen
Lvl First11 x 10
Flooring - Vinyl, Countertops - Upgraded, Exterior Access, Open Floorplan, Remodeled
Office
Lvl Basement12 x 10
Flooring - Wall to Wall Carpet
Family Room
Lvl Basement11 x 11
Flooring - Wall to Wall Carpet
Primary Bedroom
Lvl First12 x 10
Ceiling Fan(s), Closet, Flooring - Hardwood
Bedroom 2
Lvl First11 x 11
Bedroom 3
Lvl Basement12 x 10
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First7 x 5
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl Basement5 x 5
Bathroom - Half
Listing Agent: Beth Brogle
Listing Office: Berkshire Hathaway HomeServices Realty Professionals
MLS® Number: 73578177