Two-Unit Duplex with
New
For Sale
$380,000
5-7 Ellen St, Springfield, MA 01104
One residence is available, while the other is occupied by a long-term tenant.
Property Size1,640 SF
Days on Market2
Property Features for 5-7 Ellen St
General Information
Standard status
Active
Size
1,640 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,408
Building Details
Building Size
1,640 SF
Year Built
1966
Stories
4
Units
2
Listed By:
Amanda Bradshaw
(603) 321-3808
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:18PM
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 Amanda Bradshaw
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Investment Insights
Based on property information with market context.
Built in 1966, this duplex at 5-7 Ellen St in Springfield, Massachusetts, contains two units. Both have new mini-split systems. The available unit has fresh paint, refreshed flooring, and an updated bathroom; the second unit is occupied by long-term tenants.
Walk Score is 71, Transit Score is 66, and Bike Score is 37.
Walk Score is 71, Transit Score is 66, and Bike Score is 37.
Key Highlights
- Two‑unit duplex built in 1966
- New mini‑split systems in both units
- One unit is vacant and has fresh paint, refreshed flooring, and an updated bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,275
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,500
$485.5K
Cap Rate 7%
$346,786
$346.8K
Cap Rate 9%
$269,722
$269.7K
Market Conditions
NOI Build-Up for 1,640 SF
Gross rent
$36.4K $22.20/SF
− Vacancy
−$1.7K −$1.05/SF
EGI
$34.7K $21.15/SF
− OpEx
−$10.4K −$6.34/SF
NOI
$24.3K $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%
$485,500
Cap Rate 7%
$346,786
Cap Rate 9%
$269,722
Alternative Uses
Best Use
Multifamily LT 5
$346.8K
$303.4K – $404.6K
NOI $24,275 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$308.5K
$269.9K – $359.9K
NOI $21,594 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$445.3K
$389.7K – $519.6K
NOI $31,173 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
Explore this area
Business Placement
Demographics for 01104, MA
23,598
Population
9,562
Households
2.5
Avg Household Size
38
Median Age
13%
College-Educated
77%
High-School Grad
5.2 sq mi
ZIP Area
4,538
Density / Sq Mi
$47,530
Median Household Income
$37,463
Median Earnings
$1,004
Median Rent
$210,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is available, while the other is occupied by a long-term tenant.
Where is this duplex located?
The property is located at 5-7 Ellen St Springfield, MA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1966; New mini‑split systems in both units; One unit is vacant and has fresh paint, refreshed flooring, and an updated bathroom
