Vacant Two-Family With Fenced
18-20 Kendall Street Springfield, MA 01104
18-20 Kendall Street, Springfield, MA, 01104
$399,900
For Sale
$399,900
Two-unit residential income property with separate utilities, off-street parking, and fenced yard, delivered fully vacant.
Property Size2,714 SF
Price / SF$147.35
Days on Market10
Property Features for 18-20 Kendall Street
General Information
- Standard status
- Active
- Size
- 2,714 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1916
Listing agency
Signature Realty
(413) 300-4024
Listed by
Rafael Fontanez · License #9589114
(413) 300-4024
Source
Compass
Added: Jul 12 Updated: Jul 21 at 6:52AM Checked: Jul 21 at 6:52AM
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 Signature Realty
Investment Insights
Based on property information with market context.
This vacant two-family property is being delivered fully vacant and offers flexible occupancy for an owner-occupant or investor. The first-floor unit includes two bedrooms and one full bath, along with a spacious kitchen and major appliances including a stove, refrigerator, and microwave. The second and third floors are combined as a spacious five-bedroom, two-bath layout with stove, refrigerator, and microwave. A shower in the third-floor bathroom is currently being renovated and is scheduled to be completed prior to closing.
The home features separate utilities with tenant-paid utilities, off-street parking, laundry hookups, and basement storage. A fenced-in yard adds outdoor space. The property is also described as conveniently located near parks, churches, schools, shopping, restaurants, and public transportation.
The home features separate utilities with tenant-paid utilities, off-street parking, laundry hookups, and basement storage. A fenced-in yard adds outdoor space. The property is also described as conveniently located near parks, churches, schools, shopping, restaurants, and public transportation.
Key Highlights
- Two‑family property in Springfield’s Liberty Heights neighborhood, delivered fully vacant for immediate occupancy flexibility
- Approx. 2,714 sq. ft. total living space with 3 full baths; full basement with storage
- Unit mix: first‑floor 2‑bedroom, 1 full bath; second/third floors combined 5‑bedroom, 2‑bath 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 | $68.4k | $25.20 |
| − Vacancy | −$3.4k | −$1.26 |
| EGI | $65.0k | $23.94 |
| − OpEx | −$29.2k | −$10.77 |
| NOI | $35.7k | $13.17 |
2,714 SF · lease $25.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$573.9K
$502.2K – $669.5K
NOI $40,172 @ 7.0% cap · market cap 10.05%
Second Best
Apartment 5plus
$510.5K
$446.7K – $595.6K
NOI $35,735 @ 7.0% cap · market cap 8.94%
Theoretical Best
Office A
$737.0K
$644.9K – $859.8K
NOI $51,588 @ 7.0% cap · market cap 12.90%
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 - Two-unit residential income property with separate utilities, off-street parking, and fenced yard, delivered fully vacant.
Where is this duplex located?
The property is located at 18-20 Kendall Street 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: Two‑family property in Springfield’s Liberty Heights neighborhood, delivered fully vacant for immediate occupancy flexibility; Approx. 2,714 sq. ft. total living space with 3 full baths; full basement with storage; Unit mix: first‑floor 2‑bedroom, 1 full bath; second/third floors combined 5‑bedroom, 2‑bath unit
