Renovated 3-family in a prime Amherst location near both UMass and Amherst College, ideal for owner-occupants or investors seeking strong rental demand. This 5 bed, 3.5 bath property offers 2,934 sq ft across a flexible layout. The spacious first-floor unit features 3 bedrooms, 1.5 baths, a modern kitchen, bright living spaces, and convenient access to the common laundry room. The second floor includes two updated 1 bed, 1 bath units with remodeled kitchens and baths, excellent natural light, and efficient layouts. Beautifully improved throughout with new flooring, contemporary fixtures, and crisp finishes. Sitting on a generous double lot, the property provides ample outdoor space and a classic exterior with stunning covered porches. Separately metered electricity with owner’s panel and hardwired smokes add operating ease. With proximity to downtown Amherst, campus amenities, public transit, and major commuter routes, this turnkey multi-family offers exceptional versatility and value.
Sold for $832,000
$832,000
48 Gray St, Amherst, MA 01002
5beds
2,934sqft
3 Family
Built in 1900
-- sqft lot
$845,800 Zestimate®
$284/sqft
$3,640 Estimated rent
Home value
$845,800
$804,000 - $888,000
$3,640/mo
Zestimate® history
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: March 27, 2026 at 12:22pm
Listed by:
Kempf-Vanderburgh Realty Consultants 413-297-5200,
Kempf-Vanderburgh Realty Consultants, Inc. 413-200-2353,
Hannah Kennedy 850-251-8094
Bought with:
Jessica Ryan Lapinski
Delap Real Estate LLC
Source: MLS PIN,MLS#: 73455345
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Forced Air, Oil, Electric
Cooling
- Wall Unit(s), None
Appliances
- Included: Range, Dishwasher, Microwave, Refrigerator
Features
- Storage, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Bathroom with Shower Stall, Remodeled, Living Room, Dining Room, Kitchen
- Flooring: Varies, Hardwood
- Windows: Insulated Windows
- Basement: Full,Bulkhead,Concrete
- Number of fireplaces: 1
Interior area
- Total structure area: 2,934
- Total interior livable area: 2,934 sqft
- Finished area above ground: 2,934
Property
Parking
- Total spaces: 4
- Parking features: Off Street, Paved
- Uncovered spaces: 4
Features
- Patio & porch: Screened
- Exterior features: Rain Gutters
Lot
- Size: 0.60 Acres
- Features: Gentle Sloping
Details
- Additional structures: Barn/Stable
- Parcel number: M:0014B B:0000 L:0017,3009643
- Zoning: 000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Frame
- Foundation: Stone, Brick/Mortar, Granite
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers, Individually Metered
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Electric Range
Community & neighborhood
Location
- Region: Amherst
HOA & financial
Other financial information
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 3/27/2026 | Sold | $832,000-5.4%$284/sqft |
Source: MLS PIN #73455345 Report a problem | ||
| 2/13/2026 | Contingent | $879,900$300/sqft |
Source: MLS PIN #73455345 Report a problem | ||
| 1/30/2026 | Price change | $879,900-2.2%$300/sqft |
Source: MLS PIN #73455345 Report a problem | ||
| 11/16/2025 | Listed for sale | $899,900+78.2%$307/sqft |
Source: MLS PIN #73455345 Report a problem | ||
| 11/12/2024 | Listing removed | $505,000$172/sqft |
Source:  William Raveis Real Estate, Mortgage & Insurance #73296699 Report a problem | ||
| 11/11/2024 | Listed for sale | $505,000$172/sqft |
Source: MLS PIN #73296699 Report a problem | ||
| 10/14/2024 | Pending sale | $505,000$172/sqft |
Source: William Raveis Real Estate, Mortgage & Insurance #73296699 Report a problem | ||
| 10/14/2024 | Contingent | $505,000$172/sqft |
Source: MLS PIN #73296699 Report a problem | ||
| 10/1/2024 | Listed for sale | $505,000+94.2%$172/sqft |
Source: MLS PIN #73296699 Report a problem | ||
| 9/6/2000 | Sold | $260,000$89/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,617 +2.5% | $591,500 +5.7% |
| 2024 | $10,354 +4.2% | $559,400 +13.2% |
| 2023 | $9,935 +3.4% | $494,300 +9.4% |
| 2022 | $9,610 +0.1% | $451,800 +2.6% |
| 2021 | $9,605 +2.3% | $440,200 |
| 2020 | $9,385 +4.1% | $440,200 +6.4% |
| 2019 | $9,019 +3.1% | $413,700 |
| 2018 | $8,746 +2.5% | $413,700 +5.9% |
| 2017 | $8,529 +2.9% | $390,700 |
| 2016 | $8,291 +3.3% | $390,700 |
| 2015 | $8,025 +3.2% | $390,700 +5.4% |
| 2014 | $7,774 +2.8% | $370,700 |
| 2013 | $7,559 +3.3% | $370,700 |
| 2012 | $7,318 +1.2% | $370,700 -6.7% |
| 2011 | $7,233 +7.4% | $397,400 |
| 2010 | $6,736 +5.7% | $397,400 -1.3% |
| 2009 | $6,372 +7.4% | $402,800 +8.8% |
| 2008 | $5,931 -1.8% | $370,200 -3.8% |
| 2007 | $6,037 +4.4% | $385,000 +0.3% |
| 2006 | $5,780 +10.8% | $383,800 +22.8% |
| 2005 | $5,216 +0.5% | $312,500 +4.7% |
| 2004 | $5,192 +3.2% | $298,400 +1.5% |
| 2003 | $5,032 -0.2% | $294,100 +10.8% |
| 2002 | $5,043 +35.5% | $265,400 +30.8% |
| 1997 | $3,721 | $202,900 |
Find assessor info on the county website
Neighborhood: 01002
Nearby schools
GreatSchools rating
- 8/10Wildwood Elementary SchoolGrades: K-6Distance: 0.7 mi
- 7/10Amherst Regional Middle SchoolGrades: 7-8Distance: 0.5 mi
- 8/10Amherst Regional High SchoolGrades: 9-12Distance: 0.2 mi
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