Owner-Occupied Two-Family
65-67 Ardmore St Springfield, MA 01104
65-67 Ardmore St, Springfield, MA, 01104
$349,900
For Sale
$349,900
Two updated, owner-occupied units offer separate utilities, basements with laundry hook-ups, and porches with a fenced backyard.
Property Size2,168 SF
Price / SF$161.39
Days on Market65
Property Features for 65-67 Ardmore St
General Information
- Standard status
- Active
- Size
- 2,168 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1925
Listing agency
ERA M Connie Laplante Real Estate
(413) 246-4911
Listed by
Steven C. Laplante
(413) 246-4911
Source
Lockandkeyre
Added: May 18 Updated: Jul 20 at 5:50PM Checked: Jul 21 at 3:20AM
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 ERA M Connie Laplante Real Estate
Investment Insights
Based on property information with market context.
This well maintained, owner-occupied two-family property features two similar unit layouts with a kitchen, dining room, living room, two bedrooms, and a full bath. Both units include updates to kitchens and baths, hardwood flooring, and a fireplace. The home has vinyl siding and vinyl replacement windows, along with separate utilities, two natural gas boilers installed in 2004 and 2016, and multiple circuit breaker panels and natural gas water heaters. A full basement provides laundry hook-ups, and the exterior includes an enclosed porch on the first floor, an open porch on the second floor, a 10x20 covered patio, a fenced backyard, and a one-car garage.
Both units are expected to be vacant at closing. Online records indicate both units are deleaded, though the owner does not have paperwork; see agent for details.
Each unit’s layout can be adjusted to create an additional bedroom by converting the living room into a third bedroom, subject to buyer confirmation and any required approvals.
Both units are expected to be vacant at closing. Online records indicate both units are deleaded, though the owner does not have paperwork; see agent for details.
Each unit’s layout can be adjusted to create an additional bedroom by converting the living room into a third bedroom, subject to buyer confirmation and any required approvals.
Key Highlights
- Well‑maintained owner‑occupied 2‑family built in 1925 with updated kitchens and baths in both units
- Both units have a similar layout: kitchen, dining room, living room, 2 bedrooms, and a full bath (could be converted to 3 bedrooms)
- Separate utilities for each unit, including 2 natural gas boilers (2004 and 2016) and 2 natural gas water heaters
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 | $48.1k | $22.20 |
| − Vacancy | −$2.3k | −$1.05 |
| EGI | $45.8k | $21.15 |
| − OpEx | −$13.8k | −$6.34 |
| NOI | $32.1k | $14.80 |
2,168 SF · lease $22.20/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$458.4K
$401.1K – $534.8K
NOI $32,090 @ 7.0% cap · market cap 9.17%
Second Best
Apartment 5plus
$407.8K
$356.8K – $475.8K
NOI $28,546 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$588.7K
$515.1K – $686.8K
NOI $41,209 @ 7.0% cap · market cap 11.78%
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 - Two updated, owner-occupied units offer separate utilities, basements with laundry hook-ups, and porches with a fenced backyard.
Where is this duplex located?
The property is located at 65-67 Ardmore St Springfield, MA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Well‑maintained owner‑occupied 2‑family built in 1925 with updated kitchens and baths in both units; Both units have a similar layout: kitchen, dining room, living room, 2 bedrooms, and a full bath (could be converted to 3 bedrooms); Separate utilities for each unit, including 2 natural gas boilers (2004 and 2016) and 2 natural gas water heaters
