Two-Family Residential
30-32 Colchester St Springfield, MA 01109
For Sale
$369,900
Well-maintained duplex with two 3-bedroom units, updated roof, and separate heating systems for each unit.
Property Size2,430 SF
Price / SF$152.22
Days on Market32
Property Features for 30-32 Colchester St
General Information
- Standard status
- Active
- Size
- 2,430 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1935
Listing Agency:
Gallagher Real Estate
(413) 505-4669
Listed By:
Paulo Villegas
(413) 505-4669
Source:
Lockandkeyre
Added: Jun 23
Changed: Jul 22
Last Checked: Jul 23 at 5:26AM
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 Gallagher Real Estate
Investment Insights
Based on property information with market context.
This well-maintained two-family property features two spacious 3-bedroom units. The property will be delivered with the second-floor unit vacant, allowing immediate flexibility for owner-occupancy or new tenancy. Updates include a newer roof, along with separate heating systems for each unit.
The home includes a two-car garage and off-street parking. It is located near Springfield College, with access to schools, parks, shopping, and major highways.
The layout provides functional living space with natural light in both units, supporting their continued use as a residential income property.
The home includes a two-car garage and off-street parking. It is located near Springfield College, with access to schools, parks, shopping, and major highways.
The layout provides functional living space with natural light in both units, supporting their continued use as a residential income property.
Key Highlights
- Two‑family duplex built in 1935, featuring two spacious 3‑bedroom units
- Updated with a newer roof
- Separate heating systems for each unit
Financial Insights For Apartment 5plus
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 | $61.2k | $25.20 |
| − Vacancy | −$3.1k | −$1.26 |
| EGI | $58.2k | $23.94 |
| − OpEx | −$26.2k | −$10.77 |
| NOI | $32.0k | $13.17 |
2,430 SF · lease $25.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$513.8K
$449.6K – $599.5K
NOI $35,968 @ 7.0% cap · market cap 9.72%
Second Best
Apartment 5plus
$457.1K
$400.0K – $533.3K
NOI $31,996 @ 7.0% cap · market cap 8.65%
Theoretical Best
Office A
$659.8K
$577.4K – $769.8K
NOI $46,189 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex with two 3-bedroom units, updated roof, and separate heating systems for each unit.
Where is this duplex located?
The property is located at 30-32 Colchester St Springfield, MA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two‑family duplex built in 1935, featuring two spacious 3‑bedroom units; Updated with a newer roof; Separate heating systems for each unit
