3-Unit Residential
For Sale
$499,000
19 Lowell Ave, West Springfield, MA 01089
Two apartments are vacant, and a long-term tenant occupies the third unit.
Property Size3,130 SF
Price / SF$159.42
Days on Market10
Property Features for 19 Lowell Ave
General Information
Standard status
Active
Size
3,130 SF
Total Parking Spaces
5
Property subtype
Residential Income
Zoning
RES
Net Operating Income
$14,400
Units
Multifamily Units
3
Individually Metered Utilities
unspecified utilities
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,594
Amenities
off-street parking
fenced-in yard
storage shed
in-unit laundry hookups
mudroom area
Building Details
Building Size
3,130 SF
Year Built
1900
Stories
3
Tenancy
Single
Listing Agency:
Coldwell Banker Realty - Western MA
Listed By:
Marisol Franco · License #9538287
(413) 427-0151
Source:
Laerrealty
Added: Oct 24
Changed: Oct 30
Last Checked: Nov 1 at 2:41AM
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 Coldwell Banker Realty - Western MA
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Investment Insights
Based on property information with market context.
This 3,130-square-foot residential triplex was built in 1900 and contains three apartments. The first- and second-floor units are vacant; a long-term tenant occupies the third. The first-floor apartment includes a mudroom area, and all units have laundry hookups. Utilities are separate, and the roof was replaced in 2019.
The property has a fenced yard, a storage shed, and off-street parking. It is in West Springfield, minutes from The Big E, shopping, restaurants, schools, and major highways. Zoning is RES.
The property has a fenced yard, a storage shed, and off-street parking. It is in West Springfield, minutes from The Big E, shopping, restaurants, schools, and major highways. Zoning is RES.
Key Highlights
- Three residential units; first- and second‑floor apartments are vacant, with a long‑term tenant in the third
- 3,130 square feet; built in 1900
- Roof replaced in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,996
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,920
$819.9K
Cap Rate 7%
$585,657
$585.7K
Cap Rate 9%
$455,511
$455.5K
Market Conditions
NOI Build-Up for 3,130 SF
Gross rent
$62.0K $19.80/SF
− Vacancy
−$3.4K −$1.09/SF
EGI
$58.6K $18.71/SF
− OpEx
−$17.6K −$5.61/SF
NOI
$41.0K $13.10/SF
Area
Hampden County, MA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,920
Cap Rate 7%
$585,657
Cap Rate 9%
$455,511
Alternative Uses
Best Use
Multifamily LT 5
$585.7K
$512.5K – $683.3K
NOI $40,996 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$542.8K
$474.9K – $633.2K
NOI $37,993 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,036 @ 7.0% cap · market cap 27.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
Explore this area
Business Placement
Demographics for 01089, MA
28,835
Population
13,095
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
91%
High-School Grad
16.7 sq mi
ZIP Area
1,727
Density / Sq Mi
$70,401
Median Household Income
$43,186
Median Earnings
$1,121
Median Rent
$307,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two apartments are vacant, and a long-term tenant occupies the third unit.
Where is this triplex located?
The property is located at 19 Lowell Ave West Springfield, MA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three residential units; first- and second‑floor apartments are vacant, with a long‑term tenant in the third; 3,130 square feet; built in 1900; Roof replaced in 2019
