Two-Family Residential Income
34 E.School St West Springfield, MA 01089
New
For Sale
$450,000
MULTI_FAMILY - West Springfield, MA
Property Size2,649 SF
Lot Size0.11 Acres
Price / SF$169.88
Days on Market3
Property Features for 34 E.School St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RB
Bedrooms
4
Bathrooms
4
Rooms
Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 3, Bathroom 1
Parking
8
Standard status
Active
Size
2,649 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4528
Building Details
Year built
1900
Floors in Building
3
Number of units
2
Listing Agency:
Keller Williams Realty
(413) 565-5478
Listed By:
Laura Stevens
(413) 565-5478
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 30 at 9:06AM
MLS# 73555976
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family residential income property includes separate utilities for each unit and replacement windows. The first-floor unit features an eat-in kitchen, dining room, living room, two bedrooms, and a full and half bath. The second unit offers a large kitchen, a combined living/dining area, three bedrooms, and a full bath. A third-floor space can be added to the second floor and includes a full bath, creating additional flexibility within the layout.
The property is located at 34 E. School St in West Springfield, MA, and is described as being convenient to major highways, restaurants, schools, shopping, and parks.
Additional features noted in the listing include a two-car garage and a fenced backyard.
The property is located at 34 E. School St in West Springfield, MA, and is described as being convenient to major highways, restaurants, schools, shopping, and parks.
Additional features noted in the listing include a two-car garage and a fenced backyard.
Key Highlights
- Two‑family home built in 1900 with multiple bedrooms and bathrooms across both units
- Separate utilities for the two‑family layout
- First‑floor unit: eat‑in kitchen, dining room, living room, 2 bedrooms, plus full and half bath
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 | $52.5k | $19.80 |
| − Vacancy | −$2.9k | −$1.09 |
| EGI | $49.6k | $18.71 |
| − OpEx | −$14.9k | −$5.61 |
| NOI | $34.7k | $13.10 |
2,649 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$495.7K
$433.7K – $578.3K
NOI $34,696 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$459.3K
$401.9K – $535.9K
NOI $32,154 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,284 @ 7.0% cap · market cap 25.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units with separate utilities, replacement windows, and a fenced backyard, plus a two-car garage.
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 $450,000.
What are key features of this property?
This property features: Two‑family home built in 1900 with multiple bedrooms and bathrooms across both units; Separate utilities for the two‑family layout; First‑floor unit: eat‑in kitchen, dining room, living room, 2 bedrooms, plus full and half bath
