Two-Family Residential Income
44-46 Edgewood Street Springfield, MA 01109
44-46 Edgewood Street, Springfield, MA, 01109
$379,000
For Sale
$379,000
Two updated units with gas heat, new roof and vinyl siding, and a two-car garage.
Property Size2,256 SF
Price / SF$167
Days on Market111
Property Features for 44-46 Edgewood Street
General Information
- Standard status
- Active
- Size
- 2,256 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1925
Listing agency
Naples Realty Group
Listed by
Brandi Gamble
(413) 789-9830
Source
Parksquarerealty
Added: Apr 2 Updated: Jul 21 at 5:23AM Checked: Jul 21 at 5:23AM
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 set up for either owner-occupancy or investment. The home has been updated with new vinyl siding and a new roof, along with numerous new windows and hardwood floors throughout. The first-floor unit includes brand-new kitchen cabinets with granite countertops and a vinyl floor, plus an updated bathroom, and it comes with a new stove, refrigerator, and microwave. Both units are heated with gas. The attic is not finished, but it could potentially be finished to add additional space to the second floor.
The property is located close to area colleges, providing a practical residential setting for long-term occupancy.
Additional conveniences include a two-car garage, supporting everyday tenant or owner needs.
The property is located close to area colleges, providing a practical residential setting for long-term occupancy.
Additional conveniences include a two-car garage, supporting everyday tenant or owner needs.
Key Highlights
- Two‑family home built in 1925 with two updated units
- New roof and new vinyl siding, plus tons of new windows
- Hardwood floors throughout the home
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 8.81%
Second Best
Apartment 5plus
$424.4K
$371.3K – $495.1K
NOI $29,705 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$612.6K
$536.0K – $714.7K
NOI $42,882 @ 7.0% cap · market cap 11.31%
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 with gas heat, new roof and vinyl siding, and 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 $379,000.
What are key features of this property?
This property features: Two‑family home built in 1925 with two updated units; New roof and new vinyl siding, plus tons of new windows; Hardwood floors throughout the home
