Attention Investors & Portfolio Builders! Exceptional turn-key opportunity to acquire a high-yield, fully leased 2-family home in Pittsfield. Built in 1880, this solid Colonial-style income-producer delivers an ideal layout optimized for low landlord overhead and immediate, stable cash flow from day one. A standout feature of this asset is the entirely separate utility infrastructure, substantially lowering your operational expenses. The downstairs unit (Unit 1) features a comfortable 5-room, 2-bedroom, 1-bathroom unit. The sprawling upstairs unit (Unit 2) offers a spacious 6-room configuration, including 2 traditional bedrooms plus a flexible bonus room—perfect as a 3rd bedroom or home office—complete with its own dedicated in-unit laundry room. With separate meters in place, the tenants handle their own primary utility bills, keeping your net operating income predictable and protected. Both units are used as 3 Bedroom units. The property sits on a low-maintenance 2,613 sq. ft. lot requiring minimal seasonal landscaping or upkeep, and includes essential off-street parking. Structurally sound with an interior-access fieldstone foundation and durable asphalt shingle roofing, this building has been well-maintained. Positioned just moments from downtown Pittsfield, tenants enjoy unparalleled convenience with immediate proximity to local employment hubs, public transit lines, commuter routes, public parks, dining, and retail centers. If you are looking to execute a stable buy-and-hold strategy and clear a strong capitalization rate with active tenant leases already in place, 48 Fourth Street represents an incredibly strategic addition to your real estate portfolio. The low FY2026 residential tax rate further bolsters your bottom line. Do not miss this low-overhead, high-demand multi-family asset. Schedule your walkthrough today!
Multi-familyProperty Type
1880Year Built
2,613 sq ftLot Size
$123Price/Sq.Ft.
2 spacesParking
Listed by Veronica Monczka• Coldwell Banker Community REALTORS®
Morningside, located between Wahconah Park and the Pittsfield State Forest gateway, is a residential and hillside Pittsfield neighborhood with tree-lined blocks and a small commercial strip. The neighborhood’s character concentrates along Elm Street near the Morningside School area, where corner markets, takeout counters, and service storefronts set a steady, everyday rhythm. Classic New England capes and mid-century ranches mix with older wood-frame homes on gently rising streets. Wahconah Park adds a seasonal pulse with baseball and a historic grandstand. The Berkshire Athenaeum and Barrington Stage Company sit a short drive away for reading rooms and live theater. Trailheads toward Pittsfield State Forest frame the edge with woods and long walks.
Provided by Walk Score and Local Logic
Offer insights
48 Fourth · $264,900
$281K and above
75% chance or better to win
Why $281K+ is a strong offer
DAYS ON MARKET
6 days
The average home goes pending in 37 days.
SALE-TO-LIST
101.4%
Most homes are selling 1% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Living room
Dining room
Kitchen
11 total rooms
Bathrooms
2 full bathrooms
Kitchen
Range
Refrigerator
Laundry & utility
Washer & dryer hookup
Heating & cooling
Natural gas heating
Electric heating
Window air conditioning units
Exterior features
Public road frontage
Shared driveway
Off-street open parking
Home design
Multi-family property
2 stories
Parking
2 open parking spaces
Construction
Stone foundation
Built according to public records
Utilities
Public water
Public sewer
Electric with circuit breakers
HOA & community
Not a senior community
Other
Total building area 2,160
Lot size 0.06 acres
Property listed as active
Electricity and solar
View estimated energy costs and solar savings for this home
Own and earn! Income producing two family turn-key property! The upstairs unit has just been renovated and features two bedrooms with an extra room that can used as a third bedroom, updated kitchen and bathroom, brand new appliances and fresh floors and paint throughout. Natural gas heat on the first floor and electric on the second one. Each unit has separate utilities and laundry within the unit. Short distance to downtown, schools, parks, shops and restaurants, enjoying access to all essentials.
BCMLS #214862
Oct 30, 2016
Listing Removed
—
Nov 3, 2015
Listed
$59,900
$28/sq ft
BCMLS #213401
Apr 7, 2016
Listing Removed
—
Nov 3, 2015
Listed
$59,900
$28/sq ft
BCMLS #205999
Aug 25, 2014
Listing Removed
—
Apr 12, 2014
Listed
$70,400
$33/sq ft
BCMLS #203486
Apr 9, 2014
Listing Removed
—
Aug 2, 2013
Listed
$74,900
$35/sq ft
BCMLS #189578
Jun 30, 2011
Listing Removed
—
Apr 1, 2010
Listed
$129,900
$60/sq ft
BCMLS #182248
Sep 5, 2008
Listing Removed
—
May 13, 2008
Listed
$129,000
$60/sq ft
BCMLS #179145
Feb 3, 2008
Listing Removed
—
Aug 3, 2007
Listed
$129,900
$60/sq ft
BCMLS #176404
Aug 1, 2007
Listing Removed
—
Feb 1, 2007
Listed
$129,900
$60/sq ft
BCMLS #168781
Jun 21, 2005
Listing Removed
—
May 19, 2005
Listed
$99,900
$46/sq ft
Public Records
Nov 7, 2003
Sold
$22,500
$10/sq ft
Public Records
Oct 3, 1986
Sold
$65,000
$30/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$1,425 (+7.1%)
$24,000 + $53,800
$77,800
2022
$1,331 (−4.9%)
$21,000 + $50,700
$71,700
2021
$1,399 (+0.1%)
$21,000 + $51,700
$72,700
2020
$1,397 (+1.5%)
$21,000 + $49,900
$70,900
2019
$1,377 (+0.4%)
$22,700 + $48,200
$70,900
2018
$1,371 (+2.5%)
$22,700 + $45,800
$68,500
2017
$1,337 (−4.4%)
$24,000 + $44,100
$68,100
2016
$1,398 (+3.9%)
$24,000 + $50,500
$74,500
2015
$1,345
$24,000 + $50,500
$74,500
Public record
Beds
4
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
2,614 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,160
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,160
Year built
1880
Style
Multi-Family (2-4 Unit)
County
Berkshire County
APN
2721587
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 19, 2023.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 17 days in 30 years
4/10 Wind Factor
12% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Pittsfield, MA • 01201
Average low and high temperatures (°F)
27
15
30
16
48
28
58
38
65
48
77
57
82
63
77
54
73
51
61
41
47
33
33
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
85/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 48 Fourth
$267,587
$2,687 over list price of $265K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $231K to $300K.