Two-Unit Residential Income
452-454 Meadow Street Agawam, MA 01001
New
For Sale
$379,900
Duplex with separate utilities, in-unit first-floor washer/dryer, replacement windows, two porches, and a detached two-car garage.
Property Size1,944 SF
Price / SF$195.42
Days on Market4
Property Features for 452-454 Meadow Street
General Information
- Standard status
- Active
- Size
- 1,944 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1922
Listing Agency:
Ayre Real Estate Co, Inc.
(413) 789-0812
Listed By:
The Ayre-Defilipi Team
(413) 789-0812
Source:
Alliancepartnersre
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 26 at 6:13PM
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 Ayre Real Estate Co, Inc.
Investment Insights
Based on property information with market context.
This two-unit residential income property offers a straightforward live-in-and-rent setup, with separate utilities for each unit. The home includes numerous replacement windows and an in-unit washer and dryer on the first floor. Two spacious porches provide outdoor space, and the property is supported by a detached two-car garage.
Located on Meadow Street in Agawam, the property is described as having convenient access to Connecticut, Bradley International Airport, the Connecticut River Walk, and major highways and routes.
The property is available for sale and sits on just under a half-acre of land. The current condition is noted as requiring updating, presenting an opportunity for future improvement.
Located on Meadow Street in Agawam, the property is described as having convenient access to Connecticut, Bradley International Airport, the Connecticut River Walk, and major highways and routes.
The property is available for sale and sits on just under a half-acre of land. The current condition is noted as requiring updating, presenting an opportunity for future improvement.
Key Highlights
- Duplex built in 1922 with separate utilities
- First‑floor in‑unit washer and dryer
- Numerous replacement windows
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 | $38.5k | $19.80 |
| − Vacancy | −$2.1k | −$1.09 |
| EGI | $36.4k | $18.71 |
| − OpEx | −$10.9k | −$5.61 |
| NOI | $25.5k | $13.10 |
1,944 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$363.7K
$318.3K – $424.4K
NOI $25,462 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$337.1K
$295.0K – $393.3K
NOI $23,597 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,869 @ 7.0% cap · market cap 22.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with separate utilities, in-unit first-floor washer/dryer, replacement windows, two porches, and a detached two-car garage.
Where is this duplex located?
The property is located at 452-454 Meadow Street Agawam, MA.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Duplex built in 1922 with separate utilities; First‑floor in‑unit washer and dryer; Numerous replacement windows
