Triplex with Off-Street
30-32 Fox Street West Springfield, MA 01089
30-32 Fox Street, West Springfield, MA, 01089
$584,900
For Sale
$584,900
Fully vacant, updated 3-family property with off-street parking and modern finishes in each unit.
Property Size2,555 SF
Price / SF$228.92
Days on Market93
Property Features for 30-32 Fox Street
General Information
- Standard status
- Active
- Size
- 2,555 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1927
Listing agency
Naples Realty Group
Listed by
The Gerber Group
(617) 846-8000
Source
Highlandre
Added: Apr 22 Updated: Jul 23 at 2:10AM Checked: Jul 23 at 2:10AM
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 Naples Realty Group
Investment Insights
Based on property information with market context.
This fully vacant 3-family property is updated throughout and presented as turn-key for its next owner. The building offers three separate units, each with clean, modern finishes. With the property ready now, it suits buyers looking for an immediately manageable residential income setup.
Located at 30–32 Fox Street in West Springfield, MA, the property includes off-street parking, a practical benefit for multi-family tenants and day-to-day operations.
The layout is designed to support straightforward management, and the updates combined with the vacant status make the property available without the need for immediate interior preparation.
Located at 30–32 Fox Street in West Springfield, MA, the property includes off-street parking, a practical benefit for multi-family tenants and day-to-day operations.
The layout is designed to support straightforward management, and the updates combined with the vacant status make the property available without the need for immediate interior preparation.
Key Highlights
- Fully vacant updated 3‑family property
- Year built 1927
- Modern finishes in each unit
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 | $50.6k | $19.80 |
| − Vacancy | −$2.8k | −$1.09 |
| EGI | $47.8k | $18.71 |
| − OpEx | −$14.3k | −$5.61 |
| NOI | $33.5k | $13.10 |
2,555 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$478.1K
$418.3K – $557.8K
NOI $33,465 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$443.0K
$387.7K – $516.9K
NOI $31,013 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,229 @ 7.0% cap · market cap 18.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Fully vacant, updated 3-family property with off-street parking and modern finishes in each unit.
Where is this triplex located?
The property is located at 30-32 Fox Street West Springfield, MA.
What is the asking price?
The asking price for this property is $584,900.
What are key features of this property?
This property features: Fully vacant updated 3‑family property; Year built 1927; Modern finishes in each unit
