
421 Elm St Pittsfield — Photo 1 of 31
$229,000
Investment Analysis — 421 Elm St
Pittsfield, MA 01201
Based on HUD Small Area Fair Market Rent for Pittsfield, MA HUD Metro FMR Area, a 3-bedroom in 01201 carries an estimated $2,180/mo in gross rent — about a 7.10% cap rate and $16,269/yr in estimated NOI at the $229,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,326
Style
Single Family
Built
1950
A rare opportunity to acquire two neighboring properties, offered together on separate lots, in a desirable Pittsfield neighborhood. The former Pilgrim Holiness Church presents a distinctive space filled with character and exciting possibilities for adaptive reuse, creative pursuits, community-oriented activities, or future redevelopment. Next door, the former rectory is a well-maintained Cape offering comfortable living space and the potential for rental income, an owner's residence or on-site accommodations. Together, these properties create a compelling investment package with flexibility rarely found in a single offering. The separate lots add versatility for future ownership, use, or development strategies, subject to applicable zoning and municipal approvals. Whether envisioned as a live-and-work arrangement, an income-producing investment or a thoughtfully reimagined property, this unique Elm Street offering provides an outstanding foundation in a convenient and established Pittsfield neighborhood.
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: 663 sq ft (the lesser of 900 sq ft or half the 1,326 sq ft principal dwelling). Lot size: 5,528 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park
Geography
Listing Agent: Herbert Butzke
Listing Office: Engel & Volkers Wellesley
MLS® Number: 73579803

