Duplex with Updated
New
For Sale
$450,000
58-60 Bristol St, Springfield, MA 01109
Two residential units feature refreshed kitchen finishes and high-efficiency forced-hot-air heating.
Property Size2,834 SF
Price / SF$158.79
Days on Market7
Property Features for 58-60 Bristol St
General Information
Standard status
Active
Size
2,834 SF
Total Parking Spaces
4
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Amenities
new kitchen cabinets
quartz countertops
hardwood floors
tiled baths
forced hot-air heat
finished 3rd floor
Building Details
Year Built
1919
Stories
3
Listing Agency:
M B C REALTORS
(413) 886-0010
Listed By:
Maher Khatib · License #452501265
(413) 262-8687
Source:
Lockandkeyre
Added: Sep 29
Changed: Oct 4
Last Checked: Oct 4 at 10:21AM
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 M B C REALTORS
Investment Insights
Based on property information with market context.
This two-family duplex at 58-60 Bristol St in Springfield contains 8 bedrooms and 2 baths across 3 floors. The third floor is finished, and the interior includes separate living and dining areas, tiled baths, and hardwood flooring that has been sanded and stained. Kitchen improvements include new cabinets and quartz countertops; circuit breakers have also been updated. Lead certificates are in place, and the property was built in 1919.
Off-street parking accommodates 4 cars. The two-unit configuration supports rental use or owner occupancy.
Off-street parking accommodates 4 cars. The two-unit configuration supports rental use or owner occupancy.
Key Highlights
- Two‑family duplex with 8 bedrooms and 2 baths
- 2,616 sq. ft. of living space across 3 floors; finished third floor
- New kitchen cabinets and quartz countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,315
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,300
$746.3K
Cap Rate 7%
$533,071
$533.1K
Cap Rate 9%
$414,611
$414.6K
Market Conditions
NOI Build-Up for 2,834 SF
Gross rent
$71.4K $25.20/SF
− Vacancy
−$3.6K −$1.26/SF
EGI
$67.8K $23.94/SF
− OpEx
−$30.5K −$10.77/SF
NOI
$37.3K $13.17/SF
Area
Springfield, MA
Vacancy
5.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,300
Cap Rate 7%
$533,071
Cap Rate 9%
$414,611
Alternative Uses
Best Use
Multifamily LT 5
$599.3K
$524.4K – $699.1K
NOI $41,948 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$533.1K
$466.4K – $621.9K
NOI $37,315 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$769.6K
$673.4K – $897.8K
NOI $53,869 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
428
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature refreshed kitchen finishes and high-efficiency forced-hot-air heating.
Where is this duplex located?
The property is located at 58-60 Bristol St Springfield, MA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑family duplex with 8 bedrooms and 2 baths; 2,616 sq. ft. of living space across 3 floors; finished third floor; New kitchen cabinets and quartz countertops
