Side-by-Side Duplex with Two
64-66 Ferris Street Springfield, MA 01151
64-66 Ferris Street, Springfield, MA, 01151
$399,000
For Sale
$399,000
Side-by-side duplex offering two 2-bedroom units, each with private basement, decks, and dedicated garages on a level lot.
Property Size1,872 SF
Lot Size0.37 Acres
Price / SF$213.14
Days on Market114
Property Features for 64-66 Ferris Street
General Information
- Standard status
- Active
- Size
- 1,872 SF
- Lot size
- 0.37 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1987
Listing agency
Real Broker MA,LLC
Listed by
The Hamre Martin Team
(413) 527-3375
Source
Taylorrealtors
Added: Mar 30 Updated: Jul 21 at 2:21AM Checked: Jul 21 at 7:06AM
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 Real Broker MA,LLC
Investment Insights
Based on property information with market context.
64-66 Ferris St presents a side-by-side duplex designed with two separate residential units. Each unit includes a 2-bedroom, 1.5-bath layout and its own private basement area. The property also features individual back decks and includes a large shared driveway plus two separate garages.
Set on a quiet street in the Indian Orchard section of Springfield, the duplex sits on a level .37-acre lot. Existing long-term tenants are in place.
The configuration and additional space support flexibility, including potential for an ADU addition for future income opportunities.
Set on a quiet street in the Indian Orchard section of Springfield, the duplex sits on a level .37-acre lot. Existing long-term tenants are in place.
The configuration and additional space support flexibility, including potential for an ADU addition for future income opportunities.
Key Highlights
- Side‑by‑side duplex built in 1987 with 1,872 sq ft total living space
- Two 2‑bedroom, 1.5‑bath units, each with its own private basement area
- Each unit features a private back deck overlooking a level 0.37‑acre lot
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 | $41.6k | $22.20 |
| − Vacancy | −$2.0k | −$1.05 |
| EGI | $39.6k | $21.15 |
| − OpEx | −$11.9k | −$6.34 |
| NOI | $27.7k | $14.80 |
1,872 SF · lease $22.20/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$395.8K
$346.4K – $461.8K
NOI $27,709 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$352.1K
$308.1K – $410.8K
NOI $24,649 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$508.3K
$444.8K – $593.1K
NOI $35,583 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Side-by-side duplex offering two 2-bedroom units, each with private basement, decks, and dedicated garages on a level lot.
Where is this duplex located?
The property is located at 64-66 Ferris Street Springfield, MA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1987 with 1,872 sq ft total living space; Two 2‑bedroom, 1.5‑bath units, each with its own private basement area; Each unit features a private back deck overlooking a level 0.37‑acre lot
