2-Unit Duplex with
New
For Sale
$475,000
88-90 Prospect St, East Longmeadow, MA 01028
Updated heating serves both residences, and the vacant first-floor apartment has central air conditioning.
Property Size1,880 SF
Price / SF$288.23
Days on Market5
Property Features for 88-90 Prospect St
General Information
Standard status
Active
Size
1,880 SF
Total Parking Spaces
2
Property subtype
Multi Family
Lease Term
Listing ID: 73596461, Standard Status: Active, MLS Status: New, Property Subtype: Multi Family
Additional Details
Multifamily Units
2
Amenities
central air conditioning
storage loft
Building Details
Building Size
1,880 SF
Year Built
1880
Buildings
1
Listing Agency:
Premier Choice Realty
(413) 200-8642
Listed By:
Russell J. Sabadosa · License #452501212
(413) 537-0973
Source:
Iverty
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 1 at 5:39AM
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 Premier Choice Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,648-square-foot duplex contains two residences and dates to 1880. Both units have updated heating; the first-floor apartment is vacant and includes central air conditioning. The property also has a two-car garage with loft storage and a side yard.
Shops, restaurants, and other local amenities are within walking distance.
Shops, restaurants, and other local amenities are within walking distance.
Key Highlights
- 1,648‑square‑foot duplex built in 1880
- Two residential units; the first‑floor apartment is vacant
- Two‑car garage with loft storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,585
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,700
$431.7K
Cap Rate 7%
$308,357
$308.4K
Cap Rate 9%
$239,833
$239.8K
Market Conditions
NOI Build-Up for 1,648 SF
Gross rent
$32.6K $19.80/SF
− Vacancy
−$1.8K −$1.09/SF
EGI
$30.8K $18.71/SF
− OpEx
−$9.3K −$5.61/SF
NOI
$21.6K $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%
$431,700
Cap Rate 7%
$308,357
Cap Rate 9%
$239,833
Alternative Uses
Best Use
Multifamily LT 5
$308.4K
$269.8K – $359.8K
NOI $21,585 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$285.8K
$250.1K – $333.4K
NOI $20,004 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$1.02M
$888.7K – $1.18M
NOI $71,099 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
596
Businesses Nearby
Explore this area
Business Placement
Demographics for 01028, MA
16,417
Population
6,051
Households
2.7
Avg Household Size
46
Median Age
47%
College-Educated
94%
High-School Grad
12.9 sq mi
ZIP Area
1,273
Density / Sq Mi
$100,997
Median Household Income
$58,108
Median Earnings
$1,229
Median Rent
$344,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated heating serves both residences, and the vacant first-floor apartment has central air conditioning.
Where is this duplex located?
The property is located at 88-90 Prospect St East Longmeadow, MA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,648‑square‑foot duplex built in 1880; Two residential units; the first‑floor apartment is vacant; Two‑car garage with loft storage
