485 Bay Street, Springfield, MA 01109
Well-maintained duplex with income potential near amenities and transportation.
- Added:
- Apr 23, 2026
- Days on Market:
- 75
- Last Refresh:
- Apr 23 at 8:34 am
Property Features for 485 Bay Street
General Information
- Standard status
- Active
- Size
- 2,670 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1922
Listing office Naples Realty Group (413) 355-4909
Listing date Apr 23, 2026
Source Alliancepartnersre
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 Naples Realty Group
HighLights
- Strong income potential from a multi‑family property
- Two units with spacious layouts
- Separate utilities for each unit
- Convenient location near shopping, public transportation, schools, and major routes
- Off‑street parking available
- Upside potential for increased rents or value‑add improvements
Overview
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 | $59.3k | $22.20 |
| − Vacancy | −$2.8k | −$1.05 |
| EGI | $56.5k | $21.15 |
| − OpEx | −$16.9k | −$6.34 |
| NOI | $39.5k | $14.80 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.5624816
- Latitude
- 42.1207145
