Two-Unit Residential Income
102-104 Cambridge Street Springfield, MA 01109
New
For Sale
$489,900
Two-family property with enclosed porches, a partially finished basement, off-street parking for about six vehicles, and recent roof and solar upgrades.
Property Size2,898 SF
Price / SF$169.05
Days on Market7
Property Features for 102-104 Cambridge Street
General Information
- Standard status
- Active
- Size
- 2,898 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1922
Listing Agency:
Signature Realty
Listed By:
Rafael Fontanez
(413) 584-5700
Source:
Murphyrealtors
Added: Jul 20
Changed: Jul 25
Last Checked: Jul 25 at 2:33AM
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 Signature Realty
Investment Insights
Based on property information with market context.
This two-family residential income property includes two separate units with enclosed porches and dedicated kitchen amenities. The first unit features 3 bedrooms and 1 full bath, along with a large kitchen that includes a refrigerator, stove, and microwave. The second unit offers 6 bedrooms and 2 full baths, with a kitchen that includes a refrigerator and stove, plus washer and dryer hookups and its own enclosed porch.
A partially finished basement provides additional usable space and abundant storage. Recent improvements include a newer roof, energy-efficient solar panels, and a newly paved driveway with off-street parking for approximately 6 vehicles.
With two distinct residential units and multiple on-site improvements, the property is set up to support both income generation and owner occupancy. The location is described as convenient to schools, parks, shopping, restaurants, laundromats, and public transportation.
A partially finished basement provides additional usable space and abundant storage. Recent improvements include a newer roof, energy-efficient solar panels, and a newly paved driveway with off-street parking for approximately 6 vehicles.
With two distinct residential units and multiple on-site improvements, the property is set up to support both income generation and owner occupancy. The location is described as convenient to schools, parks, shopping, restaurants, laundromats, and public transportation.
Key Highlights
- Two‑family property built in 1922 with two enclosed porches and a partially finished basement
- First unit: 3 bedrooms, 1 full bath, large kitchen (includes refrigerator, stove, and microwave) and enclosed porch
- Second unit: 6 bedrooms, 2 full baths, kitchen (includes refrigerator and stove), washer and dryer hookups, and enclosed porch
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.3k | $22.20 |
| − Vacancy | −$3.1k | −$1.05 |
| EGI | $61.3k | $21.15 |
| − OpEx | −$18.4k | −$6.34 |
| NOI | $42.9k | $14.80 |
2,898 SF · lease $22.20/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$612.8K
$536.2K – $714.9K
NOI $42,896 @ 7.0% cap · market cap 8.76%
Second Best
Apartment 5plus
$545.1K
$477.0K – $636.0K
NOI $38,158 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$786.9K
$688.6K – $918.1K
NOI $55,085 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-family property with enclosed porches, a partially finished basement, off-street parking for about six vehicles, and recent roof and solar upgrades.
Where is this duplex located?
The property is located at 102-104 Cambridge Street Springfield, MA.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Two‑family property built in 1922 with two enclosed porches and a partially finished basement; First unit: 3 bedrooms, 1 full bath, large kitchen (includes refrigerator, stove, and microwave) and enclosed porch; Second unit: 6 bedrooms, 2 full baths, kitchen (includes refrigerator and stove), washer and dryer hookups, and enclosed porch
