Duplex with Finished
93 Montrose St, Springfield, MA 01109
For Sale
New
$549,900
Two-family layout includes separate utilities, a finished basement, and an enclosed porch.
Property Size3,426 SF
Price / SF$160.51
Days on Market4
Property Features for 93 Montrose St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Angel Homes Realty, Inc.
Listed By:
Sorangel Oviedo · License #3407918
(978) 390-7469
Source:
Condonrealty
Added: Nov 6
Last Checked: Nov 8 at 11:21AM
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 Angel Homes Realty, Inc.
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Investment Insights
Based on property information with market context.
This 3,426-square-foot duplex was built in 1909 and contains two family units. Interior features include spacious bedrooms, separate living and dining rooms, a finished attic and basement, and an enclosed porch. Separate utilities serve the units, and the property is zoned R2.
At 93 Montrose St in Springfield’s Hill McKnight area, the property has a paved driveway, off-street parking, and a fenced backyard. Major highways, schools, stores, and a bus line are nearby; the bus line is within walking distance.
At 93 Montrose St in Springfield’s Hill McKnight area, the property has a paved driveway, off-street parking, and a fenced backyard. Major highways, schools, stores, and a bus line are nearby; the bus line is within walking distance.
Key Highlights
- Two‑family property with 3,426 square feet
- Finished attic and basement, plus an enclosed porch
- Separate utilities for the two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,110
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$902,200
$902.2K
Cap Rate 7%
$644,429
$644.4K
Cap Rate 9%
$501,222
$501.2K
Market Conditions
NOI Build-Up for 3,426 SF
Gross rent
$86.3K $25.20/SF
− Vacancy
−$4.3K −$1.26/SF
EGI
$82.0K $23.94/SF
− OpEx
−$36.9K −$10.77/SF
NOI
$45.1K $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%
$902,200
Cap Rate 7%
$644,429
Cap Rate 9%
$501,222
Alternative Uses
Best Use
Multifamily LT 5
$724.4K
$633.9K – $845.2K
NOI $50,711 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$644.4K
$563.9K – $751.8K
NOI $45,110 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$930.3K
$814.0K – $1.09M
NOI $65,121 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
680
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
$203,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Springfield, MA
Properties on Market for Duplexes in Springfield
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family layout includes separate utilities, a finished basement, and an enclosed porch.
Where is this duplex located?
The property is located at 93 Montrose St Springfield, MA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two‑family property with 3,426 square feet; Finished attic and basement, plus an enclosed porch; Separate utilities for the two units
