Duplex with Bonus
For Sale
$489,900
35-37 Acorn Street, Springfield, MA 01109
Two residential units offer separate kitchens, laundry hookups, and a third-floor area with additional rooms.
Property Size2,110 SF
Price / SF$232.18
Days on Market9
Property Features for 35-37 Acorn Street
General Information
Standard status
Active
Size
2,110 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Amenities
enclosed porch
basement storage
washer/dryer hookups
fenced yard
off-street parking
Building Details
Year Built
1925
Listing Agency:
Keller Williams Realty
Listed By:
Tanya Harvey Group
(413) 364-0025
Source:
Gregoryhaughton
Added: Oct 14
Changed: Oct 21
Last Checked: Oct 21 at 12:19AM
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 2,110-square-foot duplex, built in 1925, has two residential units with matching layouts. Each of the first two floors includes three bedrooms, living and dining rooms, a kitchen with stainless steel appliances, and a full bathroom. The upper unit connects to a third floor with another full bath and two bonus rooms. An enclosed porch, basement storage, and separate washer and dryer hookups add functional space. Recent updates include a roof and furnaces, along with newer windows and fresh paint. New flooring is installed throughout the first-floor unit.
The property has R2 zoning, a fenced yard, and off-street parking. MGM, area colleges, and local amenities are nearby. The configuration offers separate living areas within one two-family property.
The property has R2 zoning, a fenced yard, and off-street parking. MGM, area colleges, and local amenities are nearby. The configuration offers separate living areas within one two-family property.
Key Highlights
- Two‑family duplex with 2,110 square feet
- Built in 1925; zoned R2
- Three bedrooms and a full bath on each of the first two floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,232
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,640
$624.6K
Cap Rate 7%
$446,171
$446.2K
Cap Rate 9%
$347,022
$347.0K
Market Conditions
NOI Build-Up for 2,110 SF
Gross rent
$46.8K $22.20/SF
− Vacancy
−$2.2K −$1.05/SF
EGI
$44.6K $21.15/SF
− OpEx
−$13.4K −$6.34/SF
NOI
$31.2K $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%
$624,640
Cap Rate 7%
$446,171
Cap Rate 9%
$347,022
Alternative Uses
Best Use
Multifamily LT 5
$446.2K
$390.4K – $520.5K
NOI $31,232 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$396.9K
$347.3K – $463.0K
NOI $27,782 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$573.0K
$501.3K – $668.5K
NOI $40,107 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
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Business Placement
Demographics for 01109, MA
30,968
Population
10,786
Households
2.9
Avg Household Size
30
Median Age
17%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
5,735
Density / Sq Mi
$46,821
Median Household Income
$34,971
Median Earnings
$1,112
Median Rent
$203,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate kitchens, laundry hookups, and a third-floor area with additional rooms.
Where is this duplex located?
The property is located at 35-37 Acorn Street Springfield, MA.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Two‑family duplex with 2,110 square feet; Built in 1925; zoned R2; Three bedrooms and a full bath on each of the first two floors
