Renovated Two-Family
161 New Bridge Street West Springfield, MA 01089
161 New Bridge Street, West Springfield, MA, 01089
$465,000
For Sale
$465,000
Renovated, vinyl-sided two-family with a newer roof and updated kitchens, plumbing, electrical, and bathrooms.
Property Size2,125 SF
Price / SF$218.82
Days on Market12
Property Features for 161 New Bridge Street
General Information
- Standard status
- Active
- Size
- 2,125 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1880
Listing agency
Kelley & Katzer Real Estate, LLC
(413) 209-9933
Listed by
Kelley & Katzer Team
(413) 209-9933
Source
Lockandkeyre
Added: Jul 10 Updated: Jul 20 at 3:09AM Checked: Jul 21 at 3:13AM
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 Kelley & Katzer Real Estate, LLC
Investment Insights
Based on property information with market context.
This de-leaded, renovated vinyl-sided two-family duplex sits on a fenced yard. As described by the seller, the property includes a newer roof for the house and numerous updates throughout.
The first-floor apartment features a large, sun-filled living room with wood floors, a modern kitchen with white cabinets and stainless appliances, and an updated bathroom. It offers three bedrooms with roomy closets.
The second-floor apartment spans two levels and includes a kitchen with stainless appliances and a large living room, along with an updated bathroom and multiple bedrooms across the upper levels, including two bedrooms on the second-floor unit area and two additional bedrooms on the third-floor portion.
The first-floor apartment features a large, sun-filled living room with wood floors, a modern kitchen with white cabinets and stainless appliances, and an updated bathroom. It offers three bedrooms with roomy closets.
The second-floor apartment spans two levels and includes a kitchen with stainless appliances and a large living room, along with an updated bathroom and multiple bedrooms across the upper levels, including two bedrooms on the second-floor unit area and two additional bedrooms on the third-floor portion.
Key Highlights
- Renovated, vinyl‑sided 2‑family built in 1880 with a newer roof (on the house).
- Recent updates include updated plumbing, updated electrical, and renovated bathrooms.
- 1st‑floor unit features a sun‑filled living room with wood floors, a modern kitchen with white cabinets and stainless appliances, and 3 bedrooms with roomy closets.
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 | $42.1k | $19.80 |
| − Vacancy | −$2.3k | −$1.09 |
| EGI | $39.8k | $18.71 |
| − OpEx | −$11.9k | −$5.61 |
| NOI | $27.8k | $13.10 |
2,125 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$397.6K
$347.9K – $463.9K
NOI $27,833 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$368.5K
$322.4K – $429.9K
NOI $25,794 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,678 @ 7.0% cap · market cap 19.72%
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 - Renovated, vinyl-sided two-family with a newer roof and updated kitchens, plumbing, electrical, and bathrooms.
Where is this duplex located?
The property is located at 161 New Bridge Street West Springfield, MA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Renovated, vinyl‑sided 2‑family built in 1880 with a newer roof (on the house).; Recent updates include updated plumbing, updated electrical, and renovated bathrooms.; 1st‑floor unit features a sun‑filled living room with wood floors, a modern kitchen with white cabinets and stainless appliances, and 3 bedrooms with roomy closets.
