3 Family investment opportunity, w/ 5 rooms in 2 apts. & 3 rooms in other. Close to downtown & MCLA. New furnace in 2011. New windows on first and third floors. Brand new space heater on 3rd flr. Ideal live in and rent. ATTN BUYERS: YOUR LEAD MAY BE REDIREDTED TO AN ONLINE MARKETING SERVICE, FOR INFORMATION AND ACCESS TO THIS PROPERTY, CONTACT THE LISTING PROVIDER BELOW.
North Adams Multifamily Victorian MA 01247
It is located in the valley created by the Hoosic River, which has been walled and floored with concrete in portions to prevent floods. The city’s Natural Bridge State Park contains the only natural white marble bridge in North America. Formed by glacial melt by 11,000 BC, the arch and abandoned quarry have long attracted attention from hikers, including Nathaniel Hawthorne in 1838, who wrote
According to the U. S. Census for 2000, the town has a total area of 20.6 square miles and a population of 13,708 people, 93% white. The median income for a household is $35,020 and the per capita income for the town is $19,857.
North Adams was first settled in 1745, and separately incorporated from Adams in 1878. The city is named in honor of Samuel Adams, a leader in the American Revolution, signer of the Declaration of Independence, and governor of Massachusetts.
For much of its existence, North Adams was a mill town. Manufacturing began in the city before the Revolutionary War, as its location at the confluence of the two branches of the Hoosic River provided water power for diverse, small-scale industries. By the late 18th and early 19th centuries, businesses included wholesale shoe manufacturers; a brick yard; a saw mill; cabinet-makers; hat manufacturers; machine shops for the construction of mill machines; marble works; wagon and sleigh-makers; and an ironworks, which provided the pig iron for armor plates on the Civil War ship, the Monitor.
North Adams Multifamily Victorian MA 01247
In 1860, the O. Arnold and Company was established with the latest equipment for printing cloth. Large government contracts to supply fabric for the Union Army helped the business prosper. During the next four decades, Arnold Print Works became one of the world’s leading manufacturers of printed textiles.
It also became the largest employer in North Adams, with some 3,200 workers by 1905. Despite decades of success, however, falling cloth prices and the lingering effects of the Great Depression forced Arnold Print Works to close its Marshall Street operation in 1942, consolidating at smaller facilities in Adams.
Later that year, the Sprague Electric Company bought the former print works site. Sprague physicists, chemists, electrical engineers, and skilled technicians were called upon by the U.S. government during World War II to design and manufacture crucial components of some of its most advanced high-tech weapons systems, including the atomic bomb. From the post-war years to the mid-1980s, Sprague produced electrical components for the booming consumer electronics market, but competition from abroad led to declining sales and, in 1985, the company closed operations on Marshall Street.
The closure of Sprague Electric devastated the local economy. Unemployment rates rose and population declined. In 1986, just a year after the factory’s closing, the business and political leaders of North Adams were seeking ways to creatively re-use the vast complex. When Mayor John Barrett III (serving 1983-2009) suggested the vast Marshall Street complex as a possible exhibition site, the idea of creating a contemporary arts center in North Adams began to take shape.
Since its opening MASS MoCA has provided the catalyst and anchor for a larger economic transformation in the region centered on cultural, recreational, and educational offerings. North Adams has become home for several new restaurants, contemporary art galleries and cultural organizations. In addition, once shuttered area factories and mills have been rehabilitated as live/work lofts for artists.
- Address: North Adams, Massachusetts
- Price: $117,500
- PropClass: Residential
- Property Type: Multifamily, Affordable Homes
- County: Berkshire
- Town: North Adams
- Agent Name: Erik A. Thomas
- Cell: 413-652-2275
- Brokerage: CENTURY 21 A. PERRAS REALTY
- Phone: 413-442-0109