Turnkey Two-Family
20 East School Street West Springfield, MA 01089
20 East School Street, West Springfield, MA, 01089
$425,000
For Sale
$425,000
Two-family home with split utilities and updated interiors across both occupied units.
Property Size2,541 SF
Price / SF$167.26
Days on Market125
Property Features for 20 East School Street
General Information
- Standard status
- Active
- Size
- 2,541 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1900
Listing agency
Naples Realty Group
(413) 650-1314
Listed by
The Merrill Group
(413) 650-1314
Source
Compass
Added: Mar 19 Updated: Jul 21 at 5:09AM Checked: Jul 21 at 5:09AM
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 turnkey two-family residence is fully updated and designed for low-maintenance living. Both units feature durable vinyl plank flooring and energy-efficient vinyl windows, along with many additional improvements throughout the home. The first floor was remodeled in 2022, and the second floor underwent a complete renovation in 2024. All utilities are split, supporting independent service for each unit.
The property is currently occupied, with both units producing immediate income. Showings begin at the open house on 3/22/26.
The property is currently occupied, with both units producing immediate income. Showings begin at the open house on 3/22/26.
Key Highlights
- Two‑family home with 2 total bathrooms and an unfinished basement
- First‑floor unit fully remodeled in 2022
- Second‑floor unit renovated in 2024
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 | $50.3k | $19.80 |
| − Vacancy | −$2.8k | −$1.09 |
| EGI | $47.5k | $18.71 |
| − OpEx | −$14.3k | −$5.61 |
| NOI | $33.3k | $13.10 |
2,541 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$475.4K
$416.0K – $554.7K
NOI $33,281 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$440.6K
$385.5K – $514.1K
NOI $30,843 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,625 @ 7.0% cap · market cap 25.79%
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-family home with split utilities and updated interiors across both occupied units.
Where is this duplex located?
The property is located at 20 East School Street West Springfield, 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: Two‑family home with 2 total bathrooms and an unfinished basement; First‑floor unit fully remodeled in 2022; Second‑floor unit renovated in 2024
