Two-Family Home with Detached
26-28 Saint James Cir, Springfield, MA 01104
For Sale
$379,000
Each residence has three bedrooms, separate utilities, and its own floor of the home.
Property Size1,872 SF
Price / SF$202.46
Days on Market12
Property Features for 26-28 Saint James Cir
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Buildings
Listing Agency:
Coldwell Banker Realty - Marblehead
(781) 631-9511
Listed By:
Jenny Lima
(617) 549-5177
Source:
Lockandkeyre
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 8 at 6:20AM
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 Coldwell Banker Realty - Marblehead
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Investment Insights
Based on property information with market context.
This 1,872-square-foot duplex, built in 1925, contains two three-bedroom, one-bathroom residences. Interior updates include fresh paint and refinished floors; the property is deleaded and has vinyl siding, new roof shingles, and new plumbing. An unfinished walk-up attic offers storage, and a detached garage provides additional storage space. Parking is available both on the street and off it.
The first-floor residence is leased. The second-floor unit is occupied month to month and is expected to be vacant in December. Separate utilities serve the two units. The property also has potential for a separate in-law unit, as described in the listing.
The first-floor residence is leased. The second-floor unit is occupied month to month and is expected to be vacant in December. Separate utilities serve the two units. The property also has potential for a separate in-law unit, as described in the listing.
Key Highlights
- Two units, each with 3 bedrooms and 1 bathroom
- 1,872 square feet; built in 1925
- First‑floor unit is leased; second‑floor unit is month to month and expected vacant in December
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,709
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,180
$554.2K
Cap Rate 7%
$395,843
$395.8K
Cap Rate 9%
$307,878
$307.9K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$41.6K $22.20/SF
− Vacancy
−$2.0K −$1.05/SF
EGI
$39.6K $21.15/SF
− OpEx
−$11.9K −$6.34/SF
NOI
$27.7K $14.80/SF
Area
Springfield, MA
Vacancy
4.75%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,180
Cap Rate 7%
$395,843
Cap Rate 9%
$307,878
Alternative Uses
Best Use
Multifamily LT 5
$395.8K
$346.4K – $461.8K
NOI $27,709 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$352.1K
$308.1K – $410.8K
NOI $24,649 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$508.3K
$444.8K – $593.1K
NOI $35,583 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
376
Businesses Nearby
Explore this area
Business Placement
Demographics for 01104, MA
23,598
Population
9,562
Households
2.5
Avg Household Size
38
Median Age
13%
College-Educated
77%
High-School Grad
5.2 sq mi
ZIP Area
4,538
Density / Sq Mi
$47,530
Median Household Income
$37,463
Median Earnings
$1,004
Median Rent
$210,800
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Springfield, MA
Properties on Market for Duplexes in Springfield
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, separate utilities, and its own floor of the home.
Where is this duplex located?
The property is located at 26-28 Saint James Cir Springfield, MA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 bathroom; 1,872 square feet; built in 1925; First‑floor unit is leased; second‑floor unit is month to month and expected vacant in December
