Two-Unit Residential
48-50 Elm Circle West Springfield, MA 01089
For Sale
$397,900
Duplex offers two upstairs 2-bedroom, 1-bath units with separate utilities and separate driveways.
Property Size1,710 SF
Price / SF$232.69
Days on Market132
Property Features for 48-50 Elm Circle
General Information
- Standard status
- Active
- Size
- 1,710 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1970
Listing Agency:
www.HomeZu.com
(877) 249-5478
Listed By:
Jason Saphire · License #9086666
(877) 249-5478
Source:
Compass
Added: Mar 15
Changed: Jul 23
Last Checked: Jul 23 at 11:05AM
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 www.HomeZu.com
Investment Insights
Based on property information with market context.
This charming two-unit duplex includes two upstairs apartments, each with 2 bedrooms and 1 full bathroom. Both units feature hardwood, tile, and laminate flooring. The property also offers partially finished basements with electric heat. Each unit has separate utilities, excluding water. The vacant unit has been updated, while the second unit is currently occupied by a long-term tenant on a month-to-month lease.
The duplex is situated on a quiet dead-end street, with convenience to schools, shops, and a bus line within walking distance. Exterior improvements include vinyl windows and vinyl siding, an approximately 15-year-old roof, and a new heat pump water heater.
Additional practical features include separate driveways for each unit, supporting straightforward day-to-day access. Showings begin at the scheduled open house on Saturday 3/21/2026 from 11:00–12:00.
The duplex is situated on a quiet dead-end street, with convenience to schools, shops, and a bus line within walking distance. Exterior improvements include vinyl windows and vinyl siding, an approximately 15-year-old roof, and a new heat pump water heater.
Additional practical features include separate driveways for each unit, supporting straightforward day-to-day access. Showings begin at the scheduled open house on Saturday 3/21/2026 from 11:00–12:00.
Key Highlights
- Duplex built in 1970 with two upstairs units, each offering 2 bedrooms and 1 full bathroom
- Vacant unit updated; second unit rented on a month‑to‑month lease with a long‑term tenant
- Partially finished basements in both units with electric heat and electric dryer hookup
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 | $33.9k | $19.80 |
| − Vacancy | −$1.9k | −$1.09 |
| EGI | $32.0k | $18.71 |
| − OpEx | −$9.6k | −$5.61 |
| NOI | $22.4k | $13.10 |
1,710 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$320.0K
$280.0K – $373.3K
NOI $22,397 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$296.5K
$259.5K – $345.9K
NOI $20,756 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$1.05M
$922.2K – $1.23M
NOI $73,774 @ 7.0% cap · market cap 18.54%
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 offers two upstairs 2-bedroom, 1-bath units with separate utilities and separate driveways.
Where is this duplex located?
The property is located at 48-50 Elm Circle West Springfield, MA.
What is the asking price?
The asking price for this property is $397,900.
What are key features of this property?
This property features: Duplex built in 1970 with two upstairs units, each offering 2 bedrooms and 1 full bathroom; Vacant unit updated; second unit rented on a month‑to‑month lease with a long‑term tenant; Partially finished basements in both units with electric heat and electric dryer hookup
