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248 Lyman St, Holyoke MA 01040

$349,000

Estimated $1,105/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $174,500

Total Rent: 19800/year

Estimated CAP Rate:

4 Bedrooms

Baths

1800

Total Parking: 6 (2 Garage)

3,023 (0.07)

Great opportunity for first-time homebuyers or investors! This beautifully updated two-family home offers comfort, flexibility, and income potential in a convenient location. The first-floor unit is currently generating rental income, while the second-floor unit is vacant and ready for its next owner or tenant. Recent improvements include newer windows, a newer roof, and updated electrical with recessed lighting throughout. Both apartments feature an open-concept layout, creating a spacious and inviting feel. The second-floor unit also offers a spiral staircase leading to two additional finished rooms, providing extra space for a home office, recreation room, or other uses. A two-car garage adds valuable parking and storage. Live in one unit while collecting rental income from the other, or add this versatile property to your investment portfolio. An excellent opportunity to build equity while enjoying the benefits of a well-maintained, updated two-family home!

This home has been viewed 5 times

Last Checked: November 3rd, 2026 at 11:09am (Source: MLS PIN #73597795)

Gross Income: $19,800

Gross Expenses: $6,475

Net Income Calc: $13,325

Water Views

Annual Expenses for 248 Lyman St, Holyoke MA 01040

Total Gross Expenses (Calculated)$6,475/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6475

Annual Income & Unit Breakdown for 248 Lyman St, Holyoke MA 01040

Total Gross Income (Calculated)$19,800

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit2

Rent Includes

General Information for 248 Lyman St, Holyoke MA 01040

Listing ID73597795

Property TypeMulti Family / 2 Family

Price349000 ($193.89/SqFt)

Style2 Family - 2 Units Up/down

CityHolyoke

CountyHampden

Neighborhood(s)

Approximate Living Area Total1800

Approximate Lot Size (Acres)0.07

Total Parking6 (2 Garage)

Garage Parking2

Year Built1890

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningDR

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 248 Lyman St, Holyoke MA 01040

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOther

ExclusionsWall Mounted Tv's-Brackets To Remain

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 248 Lyman St, Holyoke MA 01040

Real Estate Taxes6475

Tax Year2026

Assessed Value$371,000

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 248 Lyman St, Holyoke MA 01040

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 248 Lyman St, Holyoke MA 01040

Agent

Name: New Homes Realty Group

Office

Name: Gallagher Real Estate

Phone: 413-536-7232

Team Members

Payment Calculator

, Interest

Property Taxes 539.58

Principal & Interest 2150.43

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Gallagher Real Estate

New Homes Realty Group

Agent Phone

Office Phone

(413) 536-7232

Text Agent Call Agent Call Office

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    [unparsed] => 248 Lyman St, Holyoke MA 01040
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EXIT

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