Three-Unit Duplex with
New
For Sale
$419,900
34 E School St, West Springfield, MA 01089
Separate utilities and a fenced backyard complement the property's three-floor residential layout.
Property Size2,649 SF
Price / SF$158.51
Days on Market3
Property Features for 34 E School St
General Information
Standard status
Active
Size
2,649 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Zoning
RB
Net Operating Income
$36,000
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,528
Amenities
replacement windows
fenced backyard
Building Details
Building Size
2,649 SF
Year Built
1900
Buildings
1
Stories
3
Listing Agency:
Keller Williams Realty
(413) 565-5478
Listed By:
Marie Reine Raheb
(413) 219-1050
Source:
Churchillprop
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:21AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 2,649-square-foot duplex, built in 1900, has residential space across three floors. The first-floor unit contains two bedrooms, a living room, dining room, eat-in kitchen, and full and half baths. The second-floor unit includes three bedrooms, a full bath, and a combined living and dining area. A kitchen and full bath are also present on the third floor, which is vacant. Separate utilities, replacement windows, a two-car garage, and a fenced backyard are additional features. The first-floor unit may be vacant at closing; the second-floor unit is month-to-month.
The property is in West Springfield, near major highways, restaurants, schools, shopping, and parks. It is zoned RB.
The property is in West Springfield, near major highways, restaurants, schools, shopping, and parks. It is zoned RB.
Key Highlights
- 2,649 square feet across three floors
- First floor: two bedrooms, eat‑in kitchen, living and dining rooms, full and half baths
- Second floor: three bedrooms, kitchen, combined living and dining area, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,696
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$693,920
$693.9K
Cap Rate 7%
$495,657
$495.7K
Cap Rate 9%
$385,511
$385.5K
Market Conditions
NOI Build-Up for 2,649 SF
Gross rent
$52.5K $19.80/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$49.6K $18.71/SF
− OpEx
−$14.9K −$5.61/SF
NOI
$34.7K $13.10/SF
Area
Hampden County, MA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$693,920
Cap Rate 7%
$495,657
Cap Rate 9%
$385,511
Alternative Uses
Best Use
Multifamily LT 5
$495.7K
$433.7K – $578.3K
NOI $34,696 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$459.3K
$401.9K – $535.9K
NOI $32,154 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,284 @ 7.0% cap · market cap 27.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,059
Businesses Nearby
Explore this area
Business Placement
Demographics for 01089, MA
28,835
Population
13,095
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
91%
High-School Grad
16.7 sq mi
ZIP Area
1,727
Density / Sq Mi
$70,401
Median Household Income
$43,186
Median Earnings
$1,121
Median Rent
$307,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities and a fenced backyard complement the property's three-floor residential layout.
Where is this duplex located?
The property is located at 34 E School St West Springfield, MA.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: 2,649 square feet across three floors; First floor: two bedrooms, eat‑in kitchen, living and dining rooms, full and half baths; Second floor: three bedrooms, kitchen, combined living and dining area, and full bath
