Two-Family Residential Income
22-24 Sorrento St Springfield, MA 01108
New
22-24 Sorrento St, Springfield, MA, 01108
$495,000
For Sale
$495,000
Fully occupied two-family home with two 3-bedroom, 2.5-bath units plus off-street parking and a shared backyard.
Property Size2,368 SF
Price / SF$209.04
Days on Market6
Property Features for 22-24 Sorrento St
General Information
- Standard status
- Active
- Size
- 2,368 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2006
Listing agency
Real Broker MA, LLC
(413) 213-3472
Listed by
Team ROVI · License #452508574
(413) 213-3472
Source
Iverty
Added: Jul 17 Updated: Jul 21 at 3:20AM Checked: Jul 21 at 3:20AM
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 Real Broker MA, LLC
Investment Insights
Based on property information with market context.
This well-maintained two-family home is fully occupied and income-producing, with two spacious units featuring functional layouts. Each unit offers three bedrooms and 2.5 bathrooms, along with bright living areas and kitchens with ample cabinet space. In addition, the lower level of each unit includes two extra rooms that can be used as bedrooms, home offices, fitness rooms, or other flexible living space.
The property includes off-street parking and a shared backyard for tenant convenience. It is located near Forest Park, schools, shopping, restaurants, public transportation, and major commuter routes including Route 5 and I-91.
The building is configured for two separate residential units and is currently tenant occupied, supporting immediate rental income.
The property includes off-street parking and a shared backyard for tenant convenience. It is located near Forest Park, schools, shopping, restaurants, public transportation, and major commuter routes including Route 5 and I-91.
The building is configured for two separate residential units and is currently tenant occupied, supporting immediate rental income.
Key Highlights
- Two‑family home built in 2006 with both units fully tenant occupied
- Each unit features 3 bedrooms and 2.5 bathrooms with functional layouts
- Lower level includes two additional rooms in each unit for flexible bonus space
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 | $52.6k | $22.20 |
| − Vacancy | −$2.5k | −$1.05 |
| EGI | $50.1k | $21.15 |
| − OpEx | −$15.0k | −$6.34 |
| NOI | $35.1k | $14.80 |
2,368 SF · lease $22.20/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$500.7K
$438.1K – $584.2K
NOI $35,051 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$445.4K
$389.7K – $519.7K
NOI $31,179 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$643.0K
$562.6K – $750.2K
NOI $45,011 @ 7.0% cap · market cap 9.09%
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 - Fully occupied two-family home with two 3-bedroom, 2.5-bath units plus off-street parking and a shared backyard.
Where is this duplex located?
The property is located at 22-24 Sorrento St Springfield, MA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two‑family home built in 2006 with both units fully tenant occupied; Each unit features 3 bedrooms and 2.5 bathrooms with functional layouts; Lower level includes two additional rooms in each unit for flexible bonus space
