Side-by-Side Duplex with
For Sale
$349,750
46-48 Fenwick St, Springfield, MA 01109
Two two-bedroom units offer hardwood floors, eat-in kitchens, separate utilities, and individual electric meters.
Property Size1,710 SF
Price / SF$204.53
Days on Market59
Property Features for 46-48 Fenwick St
General Information
Standard status
Active
Size
1,710 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Zoning
R2
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,309
Amenities
fenced yard
Building Details
Building Size
1,710 SF
Year Built
1970
Buildings
1
Stories
4
Listing Agency:
Berkshire Hathaway HomeServices Realty Professionals
(413) 596-6711
Listed By:
Chester Ardolino · License #906177
(413) 221-0310
Source:
Churchillprop
Added: Aug 8
Changed: Oct 1
Last Checked: Oct 4 at 7:26AM
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 Berkshire Hathaway HomeServices Realty Professionals
Investment Insights
Based on property information with market context.
This 1,710-square-foot duplex contains two side-by-side residences, each with two bedrooms, hardwood flooring, and an eat-in kitchen. Both units include a full basement with high ceilings, while separate utilities and individual electric meters support distinct household operations. Electric heat and a fenced yard add practical features for day-to-day occupancy, and off-street parking is provided.
Built in 1970, the property occupies a corner lot at 46-48 Fenwick Street in Springfield. The location is near Western New England University, Springfield College, I-291, and the Massachusetts Turnpike, with regional access toward Worcester and Boston.
The layout combines two-bedroom living spaces with basement areas that may accommodate future finished space, offices, or recreation areas where permitted. The property’s configuration supports both units within one residential income property.
Built in 1970, the property occupies a corner lot at 46-48 Fenwick Street in Springfield. The location is near Western New England University, Springfield College, I-291, and the Massachusetts Turnpike, with regional access toward Worcester and Boston.
The layout combines two-bedroom living spaces with basement areas that may accommodate future finished space, offices, or recreation areas where permitted. The property’s configuration supports both units within one residential income property.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms
- 1,710 square feet on a corner lot
- Full basement with high ceilings beneath each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,311
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,220
$506.2K
Cap Rate 7%
$361,586
$361.6K
Cap Rate 9%
$281,233
$281.2K
Market Conditions
NOI Build-Up for 1,710 SF
Gross rent
$38.0K $22.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$36.2K $21.15/SF
− OpEx
−$10.8K −$6.34/SF
NOI
$25.3K $14.80/SF
Area
Springfield, MA
Vacancy
4.75%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,220
Cap Rate 7%
$361,586
Cap Rate 9%
$281,233
Alternative Uses
Best Use
Multifamily LT 5
$361.6K
$316.4K – $421.9K
NOI $25,311 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$321.7K
$281.5K – $375.3K
NOI $22,516 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$464.3K
$406.3K – $541.7K
NOI $32,504 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Explore this area
Business Placement
Demographics for 01109, MA
30,968
Population
10,786
Households
2.9
Avg Household Size
30
Median Age
17%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
5,735
Density / Sq Mi
$46,821
Median Household Income
$34,971
Median Earnings
$1,112
Median Rent
$203,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom units offer hardwood floors, eat-in kitchens, separate utilities, and individual electric meters.
Where is this duplex located?
The property is located at 46-48 Fenwick St Springfield, MA.
What is the asking price?
The asking price for this property is $349,750.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms; 1,710 square feet on a corner lot; Full basement with high ceilings beneath each unit
