Two-Unit Residential Income
For Sale
$409,900
Pending
50-52 Balis St, Springfield, MA 01109
Two-family home featuring eight bedrooms, three full bathrooms, and a fenced backyard.
Property Size2,484 SF
Lot Size0.11 Acres
Days on Market94
Property Features for 50-52 Balis St
General Information
Standard status
Pending
Size
2,484 SF
Total Parking Spaces
2
Lot size
0.11 Acres
Property subtype
Multi Family Home
Zoning
R1
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,870
Building Details
Building Size
2,484 SF
Year Built
1907
Year Renovated
2026
Stories
3
Units
2
Tenancy
Multi
Listing Agency:
Executive Real Estate, Inc.
(413) 596-2212
Listed By:
Oliver Figuereo · License #9563924
(413) 657-0838
Source:
Janicemitchellre
Added: Jun 6
Changed: Aug 8
Last Checked: Jul 23 at 6:32AM
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 Executive Real Estate, Inc.
Investment Insights
Based on property information with market context.
This two-family residential income property offers eight bedrooms and three full bathrooms across both units. The home includes a fenced backyard, providing an outdoor space for privacy and everyday use. Updates are noted throughout, including a new roof replaced in 2025 and a renovated enclosed porch/siding in 2026.
The property is located at 50-52 Balis St in Springfield, Massachusetts, and sits on a lot described as 4,643 square feet. Its multi-family layout supports use as an income property or owner-occupied residence.
With multiple bedrooms and full baths, the configuration is designed to accommodate more than one household within the same building, while the enclosed porch improvements add to the property’s livability.
The property is located at 50-52 Balis St in Springfield, Massachusetts, and sits on a lot described as 4,643 square feet. Its multi-family layout supports use as an income property or owner-occupied residence.
With multiple bedrooms and full baths, the configuration is designed to accommodate more than one household within the same building, while the enclosed porch improvements add to the property’s livability.
Key Highlights
- Two‑family home with 8 bedrooms and 3 full bathrooms
- New roof replaced in 2025
- Renovated enclosed porch and siding completed in 2026
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
$36,768
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
8.97%
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%
$735,360
$735.4K
Cap Rate 7%
$525,257
$525.3K
Cap Rate 9%
$408,533
$408.5K
Market Conditions
NOI Build-Up for 2,484 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
$55.1K $22.20/SF
− Vacancy
−$2.6K −$1.05/SF
EGI
$52.5K $21.15/SF
− OpEx
−$15.8K −$6.34/SF
NOI
$36.8K $14.80/SF
Area
Springfield, MA
Vacancy
4.75%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
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%
$735,360
Cap Rate 7%
$525,257
Cap Rate 9%
$408,533
Alternative Uses
Best Use
Multifamily LT 5
$525.3K
$459.6K – $612.8K
NOI $36,768 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$467.2K
$408.8K – $545.1K
NOI $32,707 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$674.5K
$590.2K – $786.9K
NOI $47,216 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 01109, MA
30,968
Population
10,786
Households
2.9
Avg Household Size
30
Median Age
17%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
5,735
Density / Sq Mi
$46,821
Median Household Income
$34,971
Median Earnings
$1,112
Median Rent
$203,100
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 - Two-family home featuring eight bedrooms, three full bathrooms, and a fenced backyard.
Where is this duplex located?
The property is located at 50-52 Balis St Springfield, MA.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Two‑family home with 8 bedrooms and 3 full bathrooms; New roof replaced in 2025; Renovated enclosed porch and siding completed in 2026
