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Two-Family Duplex with Garage
For Sale
$364,900

21 - 23 Olmsted Dr, Springfield, MA 01108

Two residential units offer separate boilers, electrical panels, and hot water heaters, with the first floor scheduled to be vacant.

Property Size3,141 SF
Price / SF$116.17
Days on Market8

Property Features for 21 - 23 Olmsted Dr

General Information

Standard status Active
Size 3,141 SF
Property subtype Multi Family

Site & Location

Highway Access Yes
Public Transit Yes

Additional Details

Multifamily Units 2

Building Details

Year Built 1923
Listing Agency: RE/MAX Prof Associates
Listed By: Nina Ferraro Sweares · License #453012877
Source: Lockandkeyre
Added: Sep 20 Changed: Sep 26 Last Checked: Sep 26 at 8:28AM

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 RE/MAX Prof Associates

Investment Insights

Based on property information with market context.

Built in 1923, this two-family duplex at 21–23 Olmsted Dr includes a three-bedroom, one-bath first-floor unit and a second-floor unit with three bedrooms, one bath, and an additional finished fourth-bedroom area in the third-floor walk-up attic. Each unit has its own boiler, electrical panel, and hot water heater. Interior features include hardwood flooring in most rooms, replacement windows, abundant windows, and natural light. The property also provides a three-car garage, driveway, and a substantial parking area, along with additional third-floor storage and a walk-in closet.

The property is near the East Longmeadow and Longmeadow line, with access to main routes and highways. Forest Park is nearby. Walk Score is 90, Bike Score is 55, and Transit Score is 60. The first floor will be vacant, while the second floor is currently occupied.

Key Highlights

  • Two‑family duplex with a three‑bedroom first‑floor unit and second‑floor living space
  • Separate boilers, electrical panels, and hot water heaters for each unit
  • Three‑car garage, driveway, and large on‑site parking area

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage HVAC Service Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

507
Businesses Nearby

Demographics for 01108, MA

27,671
Population
11,332
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
81%
High-School Grad
3.4 sq mi
ZIP Area
8,139
Density / Sq Mi
$51,851
Median Household Income
$34,539
Median Earnings
$1,224
Median Rent
$219,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units offer separate boilers, electrical panels, and hot water heaters, with the first floor scheduled to be vacant.
Where is this duplex located?
The property is located at 21 - 23 Olmsted Dr Springfield, MA.
What is the asking price?
The asking price for this property is $364,900.
What are key features of this property?
This property features: Two‑family duplex with a three‑bedroom first‑floor unit and second‑floor living space; Separate boilers, electrical panels, and hot water heaters for each unit; Three‑car garage, driveway, and large on‑site parking area
More about this property
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