Duplex with Vacant Second
17-19 Howes St Springfield, MA 01118
17-19 Howes St, Springfield, MA, 01118
$399,900
For Sale
$399,900
Duplex built in 1929 with a tenant-occupied unit and a vacant second-floor 3-bedroom unit with remodeled bath.
Property Size2,612 SF
Price / SF$153.10
Days on Market8
Property Features for 17-19 Howes St
General Information
- Standard status
- Active
- Size
- 2,612 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1929
Listing Agency
Keller Williams Realty
(413) 374-6833
Listed by
Heather Bennet
(413) 374-6833
Source
Iverty
Added: Jul 10 Checked: Jul 17 at 2:19 am
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
Constructed in 1929, this duplex offers a total of five bedrooms and two bathrooms across two units. The property includes a second-floor unit that is currently vacant, featuring a three-bedroom layout and a newly remodeled bathroom with a walk-in shower. That unit also provides access to a walk-up attic and loft area, and there is a storage unit on the first floor for additional convenience.
A spacious basement supports separate storage areas for each tenant or owner-occupant, and the exterior includes a two-car carport and a large backyard deck. One unit has long-standing tenants who have resided here for more than 15 years and are interested in continuing their residency.
Located in the East Forest Park area of Springfield, the duplex offers both an income-producing setup and an immediately available second-floor configuration for an owner-occupant or investor seeking optionality.
A spacious basement supports separate storage areas for each tenant or owner-occupant, and the exterior includes a two-car carport and a large backyard deck. One unit has long-standing tenants who have resided here for more than 15 years and are interested in continuing their residency.
Located in the East Forest Park area of Springfield, the duplex offers both an income-producing setup and an immediately available second-floor configuration for an owner-occupant or investor seeking optionality.
Key Highlights
- Duplex built in 1929 with 2,612 SF of living space
- 5 bedrooms and 2 bathrooms total
- Tenant‑occupied unit plus a vacant second‑floor 3‑bedroom unit
Local Financial Insights For Apartment 5plus
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 | $65.8k | $25.20 |
| − Vacancy | −$3.3k | −$1.26 |
| EGI | $62.5k | $23.94 |
| − OpEx | −$28.1k | −$10.77 |
| NOI | $34.4k | $13.17 |
2,612 SF · lease $25.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$552.3K
$483.3K – $644.4K
NOI $38,662 @ 7.0% cap · market cap 9.67%
Second Best
Apartment 5plus
$491.3K
$429.9K – $573.2K
NOI $34,392 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$709.3K
$620.6K – $827.5K
NOI $49,649 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex built in 1929 with a tenant-occupied unit and a vacant second-floor 3-bedroom unit with remodeled bath.
Where is this duplex located?
The property is located at 17-19 Howes St Springfield, MA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Duplex built in 1929 with 2,612 SF of living space; 5 bedrooms and 2 bathrooms total; Tenant‑occupied unit plus a vacant second‑floor 3‑bedroom unit
