Duplex with Vacant
554-556 Franklin St Extension Agawam, MA 01001
554-556 Franklin St Extension, Agawam, MA, 01001
$574,900
For Sale
$574,900
Duplex built in 1988 offers a vacant 3BR with first-floor laundry plus an occupied 2BR/1BA unit.
Property Size2,800 SF
Price / SF$205.32
Days on Market169
Property Features for 554-556 Franklin St Extension
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1988
Listing agency
Berkshire Hathaway Home Service New England Properties
(860) 633-3674
Listed by
Mohammad Burhan · License #9568642
(860) 633-3674
Source
Compass
Added: Feb 4 Updated: Jul 23 at 2:39AM Checked: Jul 23 at 2:39AM
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 Berkshire Hathaway Home Service New England Properties
Investment Insights
Based on property information with market context.
Built in 1988, this duplex includes a massive vacant 3-bedroom, 1.5-bath unit with first-floor laundry, available for immediate occupancy. The second unit is a 2-bedroom, 1-bath home that is currently occupied.
Located at 554–556 Franklin St Extension in Agawam, MA, the property is configured as a two-unit residential income asset suitable for either investor or owner-occupant use.
With one unit ready to occupy and the other already in place, the duplex provides an opportunity to manage both existing occupancy and near-term move-in readiness in a single building.
Located at 554–556 Franklin St Extension in Agawam, MA, the property is configured as a two-unit residential income asset suitable for either investor or owner-occupant use.
With one unit ready to occupy and the other already in place, the duplex provides an opportunity to manage both existing occupancy and near-term move-in readiness in a single building.
Key Highlights
- Duplex built in 1988 with two units: a vacant 3BR/1.5BA and an occupied 2BR/1BA unit
- Vacant unit is a massive 3BR with first‑floor laundry and 1.5 baths, ready for immediate occupancy
- Second unit is a 2BR/1BA currently occupied
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 | $55.4k | $19.80 |
| − Vacancy | −$3.0k | −$1.09 |
| EGI | $52.4k | $18.71 |
| − OpEx | −$15.7k | −$5.61 |
| NOI | $36.7k | $13.10 |
2,800 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$523.9K
$458.4K – $611.2K
NOI $36,674 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$485.5K
$424.8K – $566.5K
NOI $33,987 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,799 @ 7.0% cap · market cap 21.01%
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 - Duplex built in 1988 offers a vacant 3BR with first-floor laundry plus an occupied 2BR/1BA unit.
Where is this duplex located?
The property is located at 554-556 Franklin St Extension Agawam, MA.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: Duplex built in 1988 with two units: a vacant 3BR/1.5BA and an occupied 2BR/1BA unit; Vacant unit is a massive 3BR with first‑floor laundry and 1.5 baths, ready for immediate occupancy; Second unit is a 2BR/1BA currently occupied
