Two-Unit
For Sale
$539,900
41-43 Ley St, Agawam, MA 01001
Both residences have three bedrooms and are occupied under month-to-month leases.
Property Size2,520 SF
Price / SF$214.25
Days on Market9
Property Features for 41-43 Ley St
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Amenities
balcony/decks
laundry hookups
Building Details
Building Size
2,520 SF
Year Built
1930
Buildings
1
Tenancy
Multi
Listing Agency:
Naples Realty Group
(413) 650-1314
Listed By:
Ryan McDowell · License #9554952
(413) 218-0848
Source:
Iverty
Added: Oct 6
Changed: Oct 13
Last Checked: Oct 12 at 6:58PM
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.
Built in 1930, this 2,520-square-foot duplex contains two three-bedroom, one-bathroom residences. The first-floor unit has updated finishes, including luxury vinyl flooring and upgraded kitchen cabinets, with the kitchen opening to a combined living and dining area. The second unit spans two floors and features updated kitchens and baths, hardwood flooring, and additional storage. Each residence has a balcony or deck; basement laundry hookups serve the property. Improvements include replacement windows, vinyl siding, newer gas furnaces and roof, updated plumbing and electrical service, fresh interior paint, and new carpeting.
The property is at 41-43 Ley St in Agawam, Massachusetts, on a dead-end street. Both units are occupied with month-to-month leases, and the zoning is RA2.
The property is at 41-43 Ley St in Agawam, Massachusetts, on a dead-end street. Both units are occupied with month-to-month leases, and the zoning is RA2.
Key Highlights
- Two‑unit property totaling 2,520 square feet; built in 1930
- Two three‑bedroom, one‑bathroom residences, both occupied on month‑to‑month leases
- Second residence spans two floors; both units have private balcony or deck space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,006
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,120
$660.1K
Cap Rate 7%
$471,514
$471.5K
Cap Rate 9%
$366,733
$366.7K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$49.9K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$47.2K $18.71/SF
− OpEx
−$14.1K −$5.61/SF
NOI
$33.0K $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%
$660,120
Cap Rate 7%
$471,514
Cap Rate 9%
$366,733
Alternative Uses
Best Use
Multifamily LT 5
$471.5K
$412.6K – $550.1K
NOI $33,006 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$437.0K
$382.4K – $509.8K
NOI $30,588 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,719 @ 7.0% cap · market cap 20.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Explore this area
Business Placement
Demographics for 01001, MA
16,984
Population
7,033
Households
2.4
Avg Household Size
46
Median Age
36%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
1,503
Density / Sq Mi
$71,924
Median Household Income
$54,266
Median Earnings
$1,305
Median Rent
$270,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms and are occupied under month-to-month leases.
Where is this duplex located?
The property is located at 41-43 Ley St Agawam, MA.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Two‑unit property totaling 2,520 square feet; built in 1930; Two three‑bedroom, one‑bathroom residences, both occupied on month‑to‑month leases; Second residence spans two floors; both units have private balcony or deck space
