Updated Two-Family
25-27 Santa Barbara Street Springfield, MA 01104
25-27 Santa Barbara Street, Springfield, MA, 01104
$354,900
For Sale
$354,900
Nicely updated two-family home with 2 bedrooms per unit, hardwood floors, and off-street parking.
Property Size1,700 SF
Price / SF$208.76
Days on Market110
Property Features for 25-27 Santa Barbara Street
General Information
- Standard status
- Active
- Size
- 1,700 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1923
Listing agency
ERA M Connie Laplante Real Estate
Listed by
Darlene Forget
(413) 584-5700
Source
Murphyrealtors
Added: Apr 5 Updated: Jul 22 at 10:29PM Checked: Jul 22 at 10:29PM
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
Investment Insights
Based on property information with market context.
This updated two-family residence offers two separate units, each featuring 2 bedrooms. Hardwood floors add character throughout the living areas, and the property includes a 2-car garage plus driveway space for off-street parking.
The home is described as being close to area amenities, with convenient highway access and shopping nearby.
The layout supports either rental use for both units or owner occupancy with the opportunity to offset expenses through tenant income, subject to buyer due diligence.
The home is described as being close to area amenities, with convenient highway access and shopping nearby.
The layout supports either rental use for both units or owner occupancy with the opportunity to offset expenses through tenant income, subject to buyer due diligence.
Key Highlights
- Two‑family home built in 1923
- Updated property with 2 bedrooms in each unit
- Hardwood floors
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 | $37.7k | $22.20 |
| − Vacancy | −$1.8k | −$1.05 |
| EGI | $35.9k | $21.15 |
| − OpEx | −$10.8k | −$6.34 |
| NOI | $25.2k | $14.80 |
1,700 SF · lease $22.20/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$359.5K
$314.5K – $419.4K
NOI $25,163 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$319.8K
$279.8K – $373.1K
NOI $22,384 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$461.6K
$403.9K – $538.6K
NOI $32,314 @ 7.0% cap · market cap 9.11%
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 - Nicely updated two-family home with 2 bedrooms per unit, hardwood floors, and off-street parking.
Where is this duplex located?
The property is located at 25-27 Santa Barbara Street Springfield, MA.
What is the asking price?
The asking price for this property is $354,900.
What are key features of this property?
This property features: Two‑family home built in 1923; Updated property with 2 bedrooms in each unit; Hardwood floors
