operating-home

278 Onota Street

Price
Listing Tags
Beds
17
Size
3392 sqft
Type
Two-Family

Overview

A two-floor recovery residence located in Pittsfield, Massachusetts, with one floor operating as a men's home and one floor operating as a women's home. The property offers 17 beds and is available for lease.

Lease and Income Structure

278 Onota Street, Pittsfield, MA 01201 is a two-floor recovery residence available for lease, with one floor operating as a men's home and the other operating as a women's home.

 

The property spans approximately 3,392 square feet and supports a combined service capacity of 17 recovery housing beds across its two program floors.

 

Location and Market Context

Pittsfield is the largest city in the Berkshires region of western Massachusetts, offering access to healthcare, employment, and community-based recovery resources in a supportive setting.

 

Key Property Details

Address: 278 Onota Street, Pittsfield, MA 01201

Property Type: Two-Family recovery housing facility

Building Size: Approximately 3,392 sq. ft.

Total Beds: 17

Current Use: Co-ed by floor — one floor men's home, one floor women's home

 

Operator Fit

This property may be well suited for an operator seeking a dual-program property, with separate floors supporting both a men's and women's recovery residence under one roof.

Property Financials
Bed Data
Private Beds 3
Shared Beds 14
Total Beds 17
Vacancy Rate (estimated) 14%
House Mentors 1
Revenue-Producing Beds 14.00
Weekly Rent $180.00
Intake Fee $200.00
Revenue (Annual)
Total Potential Rent Income $159,120.00
Less: Vacancy & Loss $22,276.80
Less: Mentor Rent Credit $9,360.00
Plus: Intake Fee Revenue $6,000.00
Plus: Laundry Service Revenue $3,120.00
Total Revenue $136,603.00
Expenses (Annual)
Operating Expenses $21,148.00
Property Taxes $3,303.00
Property Insurance $3,200.00
Valuation
Capitalization Rate 8%