Two-Unit Duplex with Private
New
For Sale
$325,000
75-79 Greene St, Springfield, MA 01109
Both homes will be vacant, and each has a private basement with laundry hookups.
Property Size2,112 SF
Price / SF$153.88
Days on Market4
Property Features for 75-79 Greene St
General Information
Standard status
Active
Size
2,112 SF
Property subtype
2 Family - 2 Units Side by Side
Property Condition
Severity
Repairs Needed
Evidence
A little work
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
backyard
laundry hook-ups
Building Details
Year Built
1988
Listing Agency:
HB Real Estate, LLC
(413) 213-5911
Listed By:
Alaina Soto
(303) 513-6504
Source:
Lockandkeyre
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 4 at 9:22AM
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 HB Real Estate, LLC
Investment Insights
Based on property information with market context.
This two-unit duplex includes two three-bedroom, one-and-a-half-bath residences. Each home has its own basement with laundry hookups, and both units are expected to be delivered vacant. Improvements completed in 2025 include a roof replacement, new interior stair treads and flooring, and a furnace and air-conditioning installation in Unit 79.
The property is at 75-79 Greene Street in Springfield, within 1.5 miles of Springfield College, Springfield Technical Community College, and American International College. Walnut Street and King Street bus lines are nearby, and several parks are less than 0.5 miles away.
The property is at 75-79 Greene Street in Springfield, within 1.5 miles of Springfield College, Springfield Technical Community College, and American International College. Walnut Street and King Street bus lines are nearby, and several parks are less than 0.5 miles away.
Key Highlights
- Two units, each with 3 bedrooms and 1.5 baths
- Separate basement and laundry hookups for each residence
- Both units delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,809
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,180
$556.2K
Cap Rate 7%
$397,271
$397.3K
Cap Rate 9%
$308,989
$309.0K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$53.2K $25.20/SF
− Vacancy
−$2.7K −$1.26/SF
EGI
$50.6K $23.94/SF
− OpEx
−$22.8K −$10.77/SF
NOI
$27.8K $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%
$556,180
Cap Rate 7%
$397,271
Cap Rate 9%
$308,989
Alternative Uses
Best Use
Multifamily LT 5
$446.6K
$390.8K – $521.0K
NOI $31,262 @ 7.0% cap · market cap 9.62%
Second Best
Apartment 5plus
$397.3K
$347.6K – $463.5K
NOI $27,809 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$573.5K
$501.8K – $669.1K
NOI $40,145 @ 7.0% cap · market cap 12.35%
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
954
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both homes will be vacant, and each has a private basement with laundry hookups.
Where is this duplex located?
The property is located at 75-79 Greene St Springfield, MA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1.5 baths; Separate basement and laundry hookups for each residence; Both units delivered vacant
