Two-Family Residential Income
44-46 Edgewood Street Springfield, MA 01109
44-46 Edgewood Street, Springfield, MA, 01109
$389,000
For Sale
$389,000
Two updated units in a two-family home with new roof and siding, heated by gas, plus a two-car garage.
Property Size2,256 SF
Price / SF$172.43
Days on Market111
Property Features for 44-46 Edgewood Street
General Information
- Standard status
- Active
- Size
- 2,256 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1925
Listing agency
Naples Realty Group
(413) 650-1314
Listed by
Brandi Gamble · License #9068289
(413) 650-1314
Source
Compass
Added: Apr 2 Updated: Jul 20 at 6:59PM Checked: Jul 21 at 6:49AM
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 two-family residential income property is offered for sale and is well suited for owner-occupancy or investment. The home features new vinyl siding, a new roof, and numerous new windows. Inside, hardwood floors run throughout, with the first-floor unit updated to include brand new kitchen cabinets with granite countertops and a vinyl floor, along with an updated bathroom. Both units are heated with gas. The first-floor unit also includes a new stove, refrigerator, and microwave. The attic is not finished but may be finished in the future to add to the second floor.
The property includes a two-car garage and is described as being close to area colleges.
As configured, the building provides two separate heated units within a recently refreshed exterior and interior package, supported by the included appliances in the first-floor unit.
The property includes a two-car garage and is described as being close to area colleges.
As configured, the building provides two separate heated units within a recently refreshed exterior and interior package, supported by the included appliances in the first-floor unit.
Key Highlights
- Two‑family home with two updated units, 2 full baths, and a full basement
- New roof and new vinyl siding, plus tons of new windows
- Both units are heated with gas; fireplace with gas fireplace feature
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 | $50.1k | $22.20 |
| − Vacancy | −$2.4k | −$1.05 |
| EGI | $47.7k | $21.15 |
| − OpEx | −$14.3k | −$6.34 |
| NOI | $33.4k | $14.80 |
2,256 SF · lease $22.20/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$477.0K
$417.4K – $556.6K
NOI $33,393 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$424.4K
$371.3K – $495.1K
NOI $29,705 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$612.6K
$536.0K – $714.7K
NOI $42,882 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two updated units in a two-family home with new roof and siding, heated by gas, plus a two-car garage.
Where is this duplex located?
The property is located at 44-46 Edgewood Street Springfield, MA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two‑family home with two updated units, 2 full baths, and a full basement; New roof and new vinyl siding, plus tons of new windows; Both units are heated with gas; fireplace with gas fireplace feature
