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47 Cherry Hl Holyoke — Photo 1 of 42

$439,900

Investment Analysis — 47 Cherry Hl

Holyoke, MA 01040

Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 4-bedroom in 01040 carries an estimated $2,280/mo in gross rent — about a 3.05% cap rate and $13,411/yr in estimated NOI at the $439,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,195

Style

Single Family

Built

1947

Welcome to 47 Cherry Hill, a stately brick Cape style home in a convenient, commuter-friendly location! This spacious home features a large living room with fireplace and lots of natural light, formal dining room, efficient galley kitchen with dining nook, two first-floor bedrooms, including one with a walk-in closet, a modern, updated first-floor full bathroom and a sun kissed, south facing heated sunroom. Upstairs offers a generous main bedroom ensuite with abudnant closet space and a private, fully renovated bath with double sinks, quartz counter tops and a custom tiled shower. There is also a fourth bedroom and flexible space perfect for office or reading area. Additional features include gas heat and hot water, central A/C throughout with new A/C system for first floor (2024), and updated 200-amp electrical service with room for future expansion. Large unfinished basement with laundry area and workshop. There is also a one-car garage with attached storage shed and a deck and patio that are great for relaxing in your fenced, private backyard. Easy access to I-91 and close proximity to Community Field which offers hiking, playground, dog park, sports fields and ice skating. A wonderful opportunity to own a well maintained, character-filled home with flexible living space and numerous updates.

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: 900 sq ft (the lesser of 900 sq ft or half the 2,195 sq ft principal dwelling). Lot size: 9,696 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.