Side-by-Side Single-Story
47-49 Farragut St Springfield, MA 01104
New
47-49 Farragut St, Springfield, MA, 01104
$285,000
For Sale
$285,000
MULTI_FAMILY - Springfield, MA
Property Size1,248 SF
Lot Size0.20 Acres
Price / SF$228.37
Days on Market2
Property Features for 47-49 Farragut St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
- Parking
- 2
- Standard status
- Active
- APN
- S:04970 P:0019,2584167
- Size
- 1,248 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3415
Building Details
- Year built
- 1942
- Floors in Building
- 2
- Number of units
- 2
Listing agency
RE/MAX IGNITE
(413) 391-7928
Listed by
Daisy Sanchez · License #9523217
(413) 221-8070
Added: Jul 20 Checked: Jul 21 at 10:06AM
MLS# 73552175
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This side-by-side duplex at 47-49 Farragut St was built in 1942 and provides single-story living in each unit. The property totals 1,248 square feet of interior space and sits on an 8,651 square foot lot. Each unit features two well-proportioned bedrooms and two full bathrooms, creating a functional layout for day-to-day living.
The property is currently fully tenant-occupied, and the tenants have indicated they would like to remain. Tenants have also been advised that ownership may change and that rental terms, including rent, may be subject to increase. Requests for vacant possession, if any, will be negotiated with a written offer.
Zoned R2, this duplex presents an opportunity to acquire a residential income property with a built-in two-unit configuration and existing tenancy in place.
The property is currently fully tenant-occupied, and the tenants have indicated they would like to remain. Tenants have also been advised that ownership may change and that rental terms, including rent, may be subject to increase. Requests for vacant possession, if any, will be negotiated with a written offer.
Zoned R2, this duplex presents an opportunity to acquire a residential income property with a built-in two-unit configuration and existing tenancy in place.
Key Highlights
- Ranch‑style side‑by‑side duplex built in 1942 with single‑story living in each unit
- 1248 sq ft of living space with two bedrooms and two full bathrooms across the property
- Single‑level layout includes Bedroom 1, Bedroom 2, Bathroom 1, and Bathroom 2
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 | $27.7k | $22.20 |
| − Vacancy | −$1.3k | −$1.05 |
| EGI | $26.4k | $21.15 |
| − OpEx | −$7.9k | −$6.34 |
| NOI | $18.5k | $14.80 |
1,248 SF · lease $22.20/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$263.9K
$230.9K – $307.9K
NOI $18,473 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$234.7K
$205.4K – $273.9K
NOI $16,432 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$338.9K
$296.5K – $395.4K
NOI $23,722 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Built in 1942, this tenant-occupied duplex offers single-level layouts with two bedrooms and two full baths.
Where is this duplex located?
The property is located at 47-49 Farragut St Springfield, MA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Ranch‑style side‑by‑side duplex built in 1942 with single‑story living in each unit; 1248 sq ft of living space with two bedrooms and two full bathrooms across the property; Single‑level layout includes Bedroom 1, Bedroom 2, Bathroom 1, and Bathroom 2
