Side-by-Side Ranch
47-49 Farragut St Springfield, MA 01104
New
47-49 Farragut St, Springfield, MA, 01104
$285,000
For Sale
$285,000
Ranch-style side-by-side duplex built in 1942 with single-level layouts and two bedrooms, plus full baths in each unit.
Property Size1,248 SF
Lot Size0.20 Acres
Price / SF$228.37
Days on Market3
Property Features for 47-49 Farragut St
General Information
- Standard status
- Active
- Size
- 1,248 SF
- Lot size
- 0.20 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1942
Listing agency
(413) 930-0253
Listed by
Rossi Del Valle Almanzar
(413) 930-0253
Source
Elliman
Added: Jul 21 Updated: Jul 22 at 5:47PM Checked: Jul 23 at 5:12AM
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 Rossi Del Valle Almanzar
Investment Insights
Based on property information with market context.
Rare ranch-style side-by-side duplex offering single-level living in a side-by-side configuration. Built in 1942, the property includes two bedrooms and full bathrooms per unit, arranged to support comfortable day-to-day living. The home is described as featuring refined living space and versatility in the layout.
The duplex sits on an 8,651 square foot lot and totals 1,248 square feet of living area, with a 47–49 Farragut St address in Springfield. The property is fully tenant-occupied, and the current tenants would like to remain.
Ownership may change, and tenants have been advised that rental terms, including rent, may be subject to increase. Any request for vacant possession, if applicable, will be negotiated with a written offer.
The duplex sits on an 8,651 square foot lot and totals 1,248 square feet of living area, with a 47–49 Farragut St address in Springfield. The property is fully tenant-occupied, and the current tenants would like to remain.
Ownership may change, and tenants have been advised that rental terms, including rent, may be subject to increase. Any request for vacant possession, if applicable, will be negotiated with a written offer.
Key Highlights
- Ranch‑style side‑by‑side duplex built in 1942 with single‑level living in each unit
- Total 1,248 SF of living space (per listing) plus an 8,651 SF lot
- Two bedrooms per unit with two full bathrooms serving each unit
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 | $27.7k | $22.20 |
| − Vacancy | −$1.3k | −$1.05 |
| EGI | $26.4k | $21.15 |
| − OpEx | −$7.9k | −$6.34 |
| NOI | $18.5k | $14.80 |
1,248 SF · lease $22.20/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$263.9K
$230.9K – $307.9K
NOI $18,473 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$234.7K
$205.4K – $273.9K
NOI $16,432 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$338.9K
$296.5K – $395.4K
NOI $23,722 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Ranch-style side-by-side duplex built in 1942 with single-level layouts and two bedrooms, plus full baths in each unit.
Where is this duplex located?
The property is located at 47-49 Farragut St Springfield, MA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Ranch‑style side‑by‑side duplex built in 1942 with single‑level living in each unit; Total 1,248 SF of living space (per listing) plus an 8,651 SF lot; Two bedrooms per unit with two full bathrooms serving each unit
