Duplex with Attached
For Sale
$399,000
Pending
19-21 Wedgewood Cir, Springfield, MA 01129
Residential Income, Springfield, MA
Property Size2,488 SF
Lot Size0.20 Acres
Days on Market88
Property Features for 19-21 Wedgewood Cir
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
Parking
7
Directions
Off Boston to Kent to Wedgewood
Subdivision
Sixteen Acres
Standard status
Pending
APN
S:12092 P:0009,2611120
Size
2,488 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6316
Building Details
Year built
1986
Floors in Building
3
Number of units
2
Listing Agency:
RE/MAX Compass · RE/MAX International
(413) 568-0040
Listed By:
William Miner · License #REB.0790223
(413) 568-0040
Added: May 26
Changed: Aug 20
Last Checked: Aug 21 at 3:06PM
MLS# 73521782
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1986, this duplex contains 2,488 square feet of living space on a 0.1956-acre lot. The primary residence includes 2 large bedrooms, 2 full bathrooms, and an attached garage. A separate rear unit provides 1 large bedroom, a partially finished basement, and an outdoor patio area. The arrangement offers the character of a single-family residence while maintaining two distinct living areas.
The property is located on Wedgewood Cir in Springfield, Massachusetts, within an R2 zoning district. Its cul-de-sac setting and two-unit layout support residential use, including multigenerational occupancy or separate living accommodations. The address is 19-21 Wedgewood Cir, Springfield, MA 01129.
The property is located on Wedgewood Cir in Springfield, Massachusetts, within an R2 zoning district. Its cul-de-sac setting and two-unit layout support residential use, including multigenerational occupancy or separate living accommodations. The address is 19-21 Wedgewood Cir, Springfield, MA 01129.
Key Highlights
- Two‑unit duplex at 19‑21 Wedgewood Cir, Springfield, MA 01129
- 2,488 square feet of living space on a 0.1956‑acre lot
- Primary unit has 2 large bedrooms, 2 full bathrooms, and an attached garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,759
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$655,180
$655.2K
Cap Rate 7%
$467,986
$468.0K
Cap Rate 9%
$363,989
$364.0K
Market Conditions
NOI Build-Up for 2,488 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$62.7K $25.20/SF
− Vacancy
−$3.1K −$1.26/SF
EGI
$59.6K $23.94/SF
− OpEx
−$26.8K −$10.77/SF
NOI
$32.8K $13.17/SF
Area
Springfield, MA
Vacancy
5.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$655,180
Cap Rate 7%
$467,986
Cap Rate 9%
$363,989
Alternative Uses
Best Use
Multifamily LT 5
$526.1K
$460.3K – $613.8K
NOI $36,827 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$468.0K
$409.5K – $546.0K
NOI $32,759 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$675.6K
$591.2K – $788.2K
NOI $47,292 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
Explore this area
Business Placement
Demographics for 01129, MA
7,024
Population
2,699
Households
2.6
Avg Household Size
43
Median Age
31%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
2,066
Density / Sq Mi
$92,500
Median Household Income
$49,316
Median Earnings
$1,325
Median Rent
$239,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R2-zoned duplex on a cul-de-sac with an attached garage, patio, and partially finished basement.
Where is this duplex located?
The property is located at 19-21 Wedgewood Cir Springfield, MA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex at 19‑21 Wedgewood Cir, Springfield, MA 01129; 2,488 square feet of living space on a 0.1956‑acre lot; Primary unit has 2 large bedrooms, 2 full bathrooms, and an attached garage
