23-25 Prentice Street, Springfield, MA 01104
A duplex with two 3-bedroom units, hardwood floors, updated systems, and off-street parking plus a shared backyard space.
- Added:
- Apr 18, 2026
- Days on Market:
- 55
- Last Refresh:
- Jun 10 at 3:06 am
Property Features for 23-25 Prentice Street
General Information
- Standard status
- Active
- Size
- 2,456 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1929
Listing agent Darlene Forget (413) 665-3771
Listing office ERA M Connie Laplante Real Estate
Listing date Apr 18, 2026
Source Cbcommunityrealtors
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 ERA M Connie Laplante Real Estate
HighLights
- Duplex built in 1929 with two units, each offering 3 bedrooms
- Each unit includes a kitchen with pantry, living room, and dining room
- Hardwood flooring throughout most of the home
- Updated gas heat plus updated plumbing and electrical
- Driveway provides off‑street parking and a shared backyard space
- Third floor offers potential for an additional bedroom
Overview
The property is described as being close to area amenities, highways, and shopping, supporting convenient access to everyday destinations. Its residential-income structure also suits buyers looking for an owner-occupied or investment-focused configuration within a duplex format.
For prospective tenants or owners, the layout offers separate unit living with three-bedroom spaces in both units, which can be attractive for households needing more room. The presence of updated gas heat and refreshed core systems adds to day-to-day practicality, while the off-street parking and backyard offer usable exterior space. The noted third-floor potential provides an additional opportunity for expansion depending on how an operator chooses to develop the upper level.
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 | $54.5k | $22.20 |
| − Vacancy | −$2.6k | −$1.05 |
| EGI | $51.9k | $21.15 |
| − OpEx | −$15.6k | −$6.34 |
| NOI | $36.4k | $14.80 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.556194
- Latitude
- 42.1429605
