Two-Unit Duplex with
For Sale
$489,900
559-561 Wilbraham Road, Springfield, MA 01109
Separate utilities and one vacant unit offer distinct occupancy arrangements within the two-unit property.
Property Size2,340 SF
Price / SF$209.36
Days on Market9
Property Features for 559-561 Wilbraham Road
General Information
Standard status
Active
Size
2,340 SF
Total Parking Spaces
2
Property subtype
Multi-family
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
1924
Listing Agency:
Lock and Key Realty Inc.
Listed By:
Jessica Mekal · License #CN248483
(413) 519-1423
Source:
Gogginsrealestate
Added: Oct 14
Changed: Oct 21
Last Checked: Oct 20 at 11:03PM
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 Lock and Key Realty Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,340-square-foot duplex, built in 1924, contains two units and was updated within the past year. The first-floor apartment is occupied, while the second-floor apartment is vacant. Each unit has a lead certificate, and utilities are separately metered, with tenants responsible for their own service. A detached garage accommodates two vehicles and also provides storage space.
Springfield College is around the corner, and MassMutual headquarters is across the road. An open field lies opposite the property.
Springfield College is around the corner, and MassMutual headquarters is across the road. An open field lies opposite the property.
Key Highlights
- Two‑unit duplex with 2,340 square feet; built in 1924
- Updated within the past year
- First‑floor unit occupied; second‑floor unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,636
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,720
$692.7K
Cap Rate 7%
$494,800
$494.8K
Cap Rate 9%
$384,844
$384.8K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$51.9K $22.20/SF
− Vacancy
−$2.5K −$1.05/SF
EGI
$49.5K $21.15/SF
− OpEx
−$14.8K −$6.34/SF
NOI
$34.6K $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%
$692,720
Cap Rate 7%
$494,800
Cap Rate 9%
$384,844
Alternative Uses
Best Use
Multifamily LT 5
$494.8K
$433.0K – $577.3K
NOI $34,636 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$440.2K
$385.1K – $513.5K
NOI $30,811 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$635.4K
$556.0K – $741.3K
NOI $44,479 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 01109, MA
30,968
Population
10,786
Households
2.9
Avg Household Size
30
Median Age
17%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
5,735
Density / Sq Mi
$46,821
Median Household Income
$34,971
Median Earnings
$1,112
Median Rent
$203,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities and one vacant unit offer distinct occupancy arrangements within the two-unit property.
Where is this duplex located?
The property is located at 559-561 Wilbraham Road Springfield, MA.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,340 square feet; built in 1924; Updated within the past year; First‑floor unit occupied; second‑floor unit vacant
