Two-Unit Duplex with
For Sale
$389,900
79-81 Garden Street, West Springfield, MA 01089
Three-bedroom units offer fenced yard areas, corner-lot positioning, and garage access.
Property Size2,484 SF
Price / SF$156.96
Days on Market61
Property Features for 79-81 Garden Street
General Information
Standard status
Active
Size
2,484 SF
Total Parking Spaces
2
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
fenced yard
Building Details
Year Built
1920
Listing Agency:
Keller Williams Realty
Listed By:
Carrie A. Blair · License #9090596
(413) 565-5478
Source:
Gregoryhaughton
Added: Aug 21
Changed: Oct 19
Last Checked: Oct 19 at 9:03AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
Built in 1920, this 2,484-square-foot duplex contains two residential units with three bedrooms in each. The property sits on a corner lot and includes a two-car garage along with two separately fenced yard sections. One unit is currently vacant, creating flexibility for an owner occupant or an investor planning to place a tenant in the available unit.
Located at 79-81 Garden Street in West Springfield, the property is near shopping, major highways, and everyday amenities. Its two-unit configuration, bedroom count, garage, and outdoor areas provide a practical residential income property profile.
Located at 79-81 Garden Street in West Springfield, the property is near shopping, major highways, and everyday amenities. Its two-unit configuration, bedroom count, garage, and outdoor areas provide a practical residential income property profile.
Key Highlights
- 2,484‑square‑foot duplex on a corner lot
- Two units with 3 bedrooms each, totaling 6 bedrooms
- Two‑car garage included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,535
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,700
$650.7K
Cap Rate 7%
$464,786
$464.8K
Cap Rate 9%
$361,500
$361.5K
Market Conditions
NOI Build-Up for 2,484 SF
Gross rent
$49.2K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$46.5K $18.71/SF
− OpEx
−$13.9K −$5.61/SF
NOI
$32.5K $13.10/SF
Area
Hampden County, MA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,700
Cap Rate 7%
$464,786
Cap Rate 9%
$361,500
Alternative Uses
Best Use
Multifamily LT 5
$464.8K
$406.7K – $542.3K
NOI $32,535 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$430.7K
$376.9K – $502.5K
NOI $30,151 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,166 @ 7.0% cap · market cap 27.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
934
Businesses Nearby
Explore this area
Business Placement
Demographics for 01089, MA
28,835
Population
13,095
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
91%
High-School Grad
16.7 sq mi
ZIP Area
1,727
Density / Sq Mi
$70,401
Median Household Income
$43,186
Median Earnings
$1,121
Median Rent
$307,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom units offer fenced yard areas, corner-lot positioning, and garage access.
Where is this duplex located?
The property is located at 79-81 Garden Street West Springfield, MA.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 2,484‑square‑foot duplex on a corner lot; Two units with 3 bedrooms each, totaling 6 bedrooms; Two‑car garage included
