42
Map
$2,250,000
●
House -
For Sale
38 Gray St.
Amherst, MA 01002
4 Beds
3 Baths,
1
Half Bath
5,311 Ft²
$14,434
Est. Monthly
About This Property
Sited above Main St. to enjoy Mtn. views & southern exposure, this
Italianate Villa is the Amherst Center stand-out! In 1863 W.F
Pratt designed & built it for the hat-maker Henry Hills. The
restored structure & estate spread over 1+ groomed Ac. weds
classical Antique form (balanced cubic massing, overhanging eaves,
tall, narrow windows & ornate brackets) w/ contemporary
functionality. The fastidiously maintained 5311 SF dwelling touts
3- state-of-the-art HVAC systems; 4 bedrms, 3.5 bath, 3-car garage;
Cook's Kitchen; 3 gorgeous bathrms; built-ins; 900 SF studio w/
bath/cabinets/mini-split/laundry. Enter from the signature
wrap-around porch into formal foyer w/ soaring ceiling & staircase.
On the left is parlor w/ pocket doors to library; on the
right are drawing & dining rms. Each features marble fireplaces,
chandeliers, crown moldings. The informal space extends into both
the all Bells & Whistles eat-in Kitchen & upstairs FamRm w/ ensuite
bedrm. Historic Appeal & Modern Livability!
Unit Size
5,311 Ft²
Days on Market
-
Land Size
1.21 acres
Price per sqft
$424
Property Type
House
Property Taxes
$3,385
HOA Dues
-
Year Built
1862
Listed By
Sally Malsch
5 College REALTORS®
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 28 days ago (MLSPIN #73540392)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 23, 2026 | Listed by 5 College REALTORS® | $2,250,000 | |
| Listed by 5 College REALTORS® | |||
| Apr 4, 2018 | Sold | ||
| Sold | |||
| Aug 1, 2017 | Listed by 5 College REALTORS® | $1,695,000 | |
| Listed by 5 College REALTORS® | |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Has Open Parking
Parking Features: Detached, Garage Door Opener, Storage, Garage Faces Side, Paved, Off Street, Driveway, Insulated
Garage Spaces: 3
Open Parking Spaces: 6
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Ceiling Fan(s), Entrance Foyer, Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Lighting - Sconce, Lighting - Overhead, Closet/Cabinets - Custom Built, Decorative Molding, Bathroom, Mud Room, Library, Sitting Room, Walk-up Attic, Internet Available - Broadband
Appliances: Water Heater, Range, Oven, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Wine Refrigerator, Range Hood
Flooring Type: Wood, Tile, Hardwood, Flooring - Hardwood
Door Features: Pocket Door
Laundry Features: Electric Dryer Hookup, Washer Hookup, Sink, Closet/Cabinets - Custom Built, Flooring - Hardwood, Remodeled, Second Floor
Rooms: 15
Has Fireplace
Fireplace Features: Dining Room, Living Room, Bedroom
Fireplaces: 8
Basement: Full, Interior Entry, Concrete, Unfinished, Bulkhead
Exterior Details
Square Footage: 5311
Property Condition: Updated/Remodeled, Remodeled
Architectural Style: Antique
Year Built Source: Public Records
Year Built: 1862
Building Area Total: 5311
Other Structures: Guest House
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens, Window(s) - Bay/Bow/Box, Window(s) - Picture
Construction Materials: Frame
Patio and Porch Features: Porch, Patio
Lot Features: Gentle Sloping, Level
Lot Size Area: 1.21
Lot Size Units: Acres
Lot Size Acres: 1.21
Lot Size Square Feet: 52707
Water Source: Public
Financial Details
Tax Map Number: 14B
Tax Assessed Value: $2,213,700
Tax Annual Amount: $40,624
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Forced Air, Propane, Fireplace(s)
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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