Duplex with Detached
101-103 Draper St, Springfield, MA 01108
For Sale
$414,900
Each residence has its own gas heating system and electric meter.
Property Size2,866 SF
Price / SF$144.77
Days on Market20
Property Features for 101-103 Draper St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
double-decker front porches
level yard
detached two-car garage
Building Details
Year Built
Buildings
Listing Agency:
PRIVI Realty LLC
(508) 468-4329
Listed By:
Julie Sor
(781) 775-6463
Source:
Lockandkeyre
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 8 at 6:59AM
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 PRIVI Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1924, this two-family property contains 2,866 square feet and has long-term tenants. Separate gas heating systems and electric meters serve the residences. Recent work includes a roof replacement, new gutters and water heaters; leased solar panels are also installed. Finished additional space, double-decker front porches and a level yard add to the property’s features. A paved driveway and detached two-car garage provide off-street parking.
The property is in Springfield’s Forest Park neighborhood, near the park’s walking trails and recreation amenities. Shopping, dining, schools, healthcare facilities, public transportation and major commuter routes are also accessible from the area.
The property is in Springfield’s Forest Park neighborhood, near the park’s walking trails and recreation amenities. Shopping, dining, schools, healthcare facilities, public transportation and major commuter routes are also accessible from the area.
Key Highlights
- Two‑family property with 2,866 square feet; built in 1924
- Roof replaced in 2025; gutters added in 2026
- Water heaters installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,737
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,740
$754.7K
Cap Rate 7%
$539,100
$539.1K
Cap Rate 9%
$419,300
$419.3K
Market Conditions
NOI Build-Up for 2,866 SF
Gross rent
$72.2K $25.20/SF
− Vacancy
−$3.6K −$1.26/SF
EGI
$68.6K $23.94/SF
− OpEx
−$30.9K −$10.77/SF
NOI
$37.7K $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%
$754,740
Cap Rate 7%
$539,100
Cap Rate 9%
$419,300
Alternative Uses
Best Use
Multifamily LT 5
$606.0K
$530.3K – $707.0K
NOI $42,422 @ 7.0% cap · market cap 10.22%
Second Best
Apartment 5plus
$539.1K
$471.7K – $629.0K
NOI $37,737 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$778.2K
$681.0K – $908.0K
NOI $54,477 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
Explore this area
Business Placement
Demographics for 01108, MA
27,671
Population
11,332
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
81%
High-School Grad
3.4 sq mi
ZIP Area
8,139
Density / Sq Mi
$51,851
Median Household Income
$34,539
Median Earnings
$1,224
Median Rent
$219,500
Median Home Value
Market
Average Price Trend$/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 - Each residence has its own gas heating system and electric meter.
Where is this duplex located?
The property is located at 101-103 Draper St Springfield, MA.
What is the asking price?
The asking price for this property is $414,900.
What are key features of this property?
This property features: Two‑family property with 2,866 square feet; built in 1924; Roof replaced in 2025; gutters added in 2026; Water heaters installed in 2024
