Side-by-Side Two-Family
18-20 Summer Street Agawam, MA 01001
18-20 Summer Street, Agawam, MA, 01001
$425,000
For Sale
$425,000
Well-maintained side-by-side duplex with two occupied units, separate entrances, and off-street parking.
Property Size2,400 SF
Price / SF$177.08
Days on Market129
Property Features for 18-20 Summer Street
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1994
Listing agency
Naples Realty Group
Listed by
The Gerber Group
(413) 527-3375
Source
Taylorrealtors
Added: Mar 15 Updated: Jul 21 at 12:11PM Checked: Jul 21 at 12:11PM
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 Naples Realty Group
Investment Insights
Based on property information with market context.
This well-maintained side-by-side two-family home offers a practical income setup with two separate units. Each unit features a spacious layout with 3 bedrooms and 1.5 baths. Both units are currently occupied, providing rental income from day one, and tenants are scheduled to remain.
The property includes separate entrances for privacy and convenience, along with plenty of off-street parking. Showings are deferred until the open house on Sunday, March 22, from 1:00 to 2:30.
The property includes separate entrances for privacy and convenience, along with plenty of off-street parking. Showings are deferred until the open house on Sunday, March 22, from 1:00 to 2:30.
Key Highlights
- Side‑by‑side two‑family home built in 1994 in Agawam
- Both units are currently occupied, generating rental income immediately (tenants to remain)
- Each unit offers 3 bedrooms and 1.5 bathrooms
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 | $47.5k | $19.80 |
| − Vacancy | −$2.6k | −$1.09 |
| EGI | $44.9k | $18.71 |
| − OpEx | −$13.5k | −$5.61 |
| NOI | $31.4k | $13.10 |
2,400 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$449.1K
$392.9K – $523.9K
NOI $31,434 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$416.2K
$364.2K – $485.5K
NOI $29,132 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$1.48M
$1.29M – $1.73M
NOI $103,542 @ 7.0% cap · market cap 24.36%
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 - Well-maintained side-by-side duplex with two occupied units, separate entrances, and off-street parking.
Where is this duplex located?
The property is located at 18-20 Summer Street Agawam, MA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Side‑by‑side two‑family home built in 1994 in Agawam; Both units are currently occupied, generating rental income immediately (tenants to remain); Each unit offers 3 bedrooms and 1.5 bathrooms
