Modern Duplex with Separate
536-538 Union Street Springfield, MA 01109
536-538 Union Street, Springfield, MA, 01109
$379,900
For Sale
$379,900
Built in 1988, this duplex offers three-bedroom, 1.5-bath units with gas heat and separate full basements.
Property Size1,920 SF
Price / SF$197.86
Days on Market111
Property Features for 536-538 Union Street
General Information
- Standard status
- Active
- Size
- 1,920 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1988
Listing agency
Coldwell Banker Realty - Western MA
Listed by
Roger Trombly
(413) 586-7000
Source
Gogginsrealestate
Added: Apr 4 Updated: Jul 21 at 1:42PM Checked: Jul 22 at 7:14AM
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 Coldwell Banker Realty - Western MA
Investment Insights
Based on property information with market context.
Built in 1988, this modern duplex is configured with three bedrooms and 1.5 baths on each side. Each unit includes gas heat and hot water, and both sides have full separate basements.
The exterior features vinyl siding, and the property sits on a flat lot with a 150-foot deep backyard. The outdoor space provides room for parking as well as gardening or recreation.
Both units require cosmetics and redecorating, offering the opportunity to refresh the space for owner-occupancy or investment use.
The exterior features vinyl siding, and the property sits on a flat lot with a 150-foot deep backyard. The outdoor space provides room for parking as well as gardening or recreation.
Both units require cosmetics and redecorating, offering the opportunity to refresh the space for owner-occupancy or investment use.
Key Highlights
- Duplex built in 1988 with 3‑bedroom, 1.5‑bath units on each side
- Gas heat and hot water, with public water and sewer services
- Full separate basements on each side
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 | $42.6k | $22.20 |
| − Vacancy | −$2.0k | −$1.05 |
| EGI | $40.6k | $21.15 |
| − OpEx | −$12.2k | −$6.34 |
| NOI | $28.4k | $14.80 |
1,920 SF · lease $22.20/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$406.0K
$355.3K – $473.7K
NOI $28,420 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$361.2K
$316.0K – $421.4K
NOI $25,281 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$521.4K
$456.2K – $608.3K
NOI $36,495 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Built in 1988, this duplex offers three-bedroom, 1.5-bath units with gas heat and separate full basements.
Where is this duplex located?
The property is located at 536-538 Union Street Springfield, MA.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Duplex built in 1988 with 3‑bedroom, 1.5‑bath units on each side; Gas heat and hot water, with public water and sewer services; Full separate basements on each side
