Rented Two-Family
10 Monroe Street Springfield, MA 01109
10 Monroe Street, Springfield, MA, 01109
$440,000
For Sale
$440,000
Fully rented two-family property with leased tenants and a low-maintenance yard.
Property Size1,910 SF
Price / SF$230.37
Days on Market15
Property Features for 10 Monroe Street
General Information
- Standard status
- Active
- Size
- 1,910 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1910
Listing agency
HB Real Estate, LLC
(413) 213-5911
Listed by
Nicole Flamand · License #9531686
(413) 213-5911
Source
Compass
Added: Jul 8 Updated: Jul 21 at 5:11AM Checked: Jul 21 at 5:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HB Real Estate, LLC
Investment Insights
Based on property information with market context.
This fully rented two-family property is configured as a duplex with leased tenants already in place. The exterior includes a low-maintenance yard, supporting simpler ongoing upkeep.
The property is located at 10 Monroe Street in Springfield, MA 01109.
In addition to the existing rental setup, the seller notes potential to create a third-floor unit, subject to obtaining the necessary city permits and approvals.
The property is located at 10 Monroe Street in Springfield, MA 01109.
In addition to the existing rental setup, the seller notes potential to create a third-floor unit, subject to obtaining the necessary city permits and approvals.
Key Highlights
- Fully rented two‑family property with leased tenants already in place
- 2 full bathrooms; interior includes living room and kitchen
- Basement features include full basement with interior access and concrete floor
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.4k | $22.20 |
| − Vacancy | −$2.0k | −$1.05 |
| EGI | $40.4k | $21.15 |
| − OpEx | −$12.1k | −$6.34 |
| NOI | $28.3k | $14.80 |
1,910 SF · lease $22.20/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$403.9K
$353.4K – $471.2K
NOI $28,272 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$359.3K
$314.4K – $419.2K
NOI $25,149 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$518.6K
$453.8K – $605.1K
NOI $36,305 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully rented two-family property with leased tenants and a low-maintenance yard.
Where is this duplex located?
The property is located at 10 Monroe Street Springfield, MA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Fully rented two‑family property with leased tenants already in place; 2 full bathrooms; interior includes living room and kitchen; Basement features include full basement with interior access and concrete floor
