Owner-Occupied Duplex with
44-46 Middle Street Springfield, MA 01104
44-46 Middle Street, Springfield, MA, 01104
$429,900
For Sale
$429,900
Well-maintained duplex offers two vacant units with central air, finished basement rec rooms, and four rear parking spaces.
Property Size1,764 SF
Price / SF$243.71
Days on Market31
Property Features for 44-46 Middle Street
General Information
- Standard status
- Active
- Size
- 1,764 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1989
Listing Agency
Coldwell Banker Realty - Western MA
Listed by
Roger Trombly
(413) 584-5700
Source
Murphyrealtors
Added: Jun 21 Updated: Jul 10 at 2:09 pm Checked: Jul 19 at 6:10 am
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 Coldwell Banker Realty - Western MA
Investment Insights
Based on property information with market context.
This East Springfield duplex at 44-46 Middle Street has been owner occupied and maintained by a single owner since it was built in 1990. The property features a vinyl-sided exterior, a maintained lawn and landscaping, and a roof that was re-shingled within the last ten years. Each unit includes gas heat and gas hot water, along with central air for year-round comfort, and all appliances are set to remain. Kitchens include gas ranges, and washers and gas dryers are also included. Both units have finished rec rooms in the basements, plus rear decks off the kitchens for additional outdoor space.
The duplex is configured for straightforward occupancy, with both units currently vacant. The property also provides four rear parking spaces, which supports daily convenience for tenants or owner-occupants.
For a buyer looking to occupy one side and lease the other, this setup provides immediate flexibility with turn-key inclusions such as appliances and in-unit laundry equipment, along with extra finished basement space. The asset’s gas heating and hot water systems, central air, and off-kitchen rear decks can help support comfortable, practical everyday living for whichever occupancy plan fits your goals.
The duplex is configured for straightforward occupancy, with both units currently vacant. The property also provides four rear parking spaces, which supports daily convenience for tenants or owner-occupants.
For a buyer looking to occupy one side and lease the other, this setup provides immediate flexibility with turn-key inclusions such as appliances and in-unit laundry equipment, along with extra finished basement space. The asset’s gas heating and hot water systems, central air, and off-kitchen rear decks can help support comfortable, practical everyday living for whichever occupancy plan fits your goals.
Key Highlights
- Well‑maintained East Springfield duplex (built 1989) with both units vacant for easy occupancy
- Two finished basement rec rooms—extra living space in both units
- Central air plus gas heat and gas hot water in both units
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 | $39.2k | $22.20 |
| − Vacancy | −$1.9k | −$1.05 |
| EGI | $37.3k | $21.15 |
| − OpEx | −$11.2k | −$6.34 |
| NOI | $26.1k | $14.80 |
1,764 SF · lease $22.20/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$373.0K
$326.4K – $435.2K
NOI $26,110 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$331.8K
$290.3K – $387.1K
NOI $23,227 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$479.0K
$419.1K – $558.8K
NOI $33,530 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained duplex offers two vacant units with central air, finished basement rec rooms, and four rear parking spaces.
Where is this duplex located?
The property is located at 44-46 Middle Street Springfield, MA.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Well‑maintained East Springfield duplex (built 1989) with both units vacant for easy occupancy; Two finished basement rec rooms—extra living space in both units; Central air plus gas heat and gas hot water in both units
