Historic Firehouse Mixed-Use
1043 Sumner Avenue Springfield, MA 01118
1043 Sumner Avenue, Springfield, MA, 01118
$599,999
For Sale
$599,999
Renovated historic firehouse with a residential unit upstairs and a ground-floor commercial unit; high ceilings and large windows.
Property Size4,000 SF
Price / SF$149
Days on Market82
Property Features for 1043 Sumner Avenue
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1930
Listing agency
RR & Company Realty, LLC
(413) 314-3463
Listed by
Roger J. Roberge · License #9505334
(413) 314-3463
Source
Compass
Added: May 1 Updated: Jul 21 at 3:08AM Checked: Jul 21 at 3:08AM
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 RR & Company Realty, LLC
Investment Insights
Based on property information with market context.
Fully renovated historic firehouse offered for sale in East Forest Park. The building includes one residential unit upstairs and one commercial unit on the ground level, with multiple options for different uses or adjustments.
Interiors feature high ceilings and large windows throughout, bringing in abundant natural light. A basement of approximately 2,000 square feet provides storage and mechanical space.
The first-floor commercial unit is expected to be vacant. Tenants are currently in place, and please do not disturb them.
Interiors feature high ceilings and large windows throughout, bringing in abundant natural light. A basement of approximately 2,000 square feet provides storage and mechanical space.
The first-floor commercial unit is expected to be vacant. Tenants are currently in place, and please do not disturb them.
Key Highlights
- Renovated historic firehouse built in 1930 with 1 residential unit upstairs and 1 ground‑floor commercial unit
- High ceilings and giant windows with lots of natural light throughout
- Approx. 2,000 SF basement with storage and mechanicals, including a full basement and sump pump
Local Financial Insights For Apartment 5plus
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 | $100.8k | $25.20 |
| − Vacancy | −$5.0k | −$1.26 |
| EGI | $95.8k | $23.94 |
| − OpEx | −$43.1k | −$10.77 |
| NOI | $52.7k | $13.17 |
4,000 SF · lease $25.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$845.8K
$740.1K – $986.8K
NOI $59,207 @ 7.0% cap · market cap 9.87%
Second Best
Apartment 5plus
$752.4K
$658.4K – $877.8K
NOI $52,668 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$1.09M
$950.4K – $1.27M
NOI $76,032 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated historic firehouse with a residential unit upstairs and a ground-floor commercial unit; high ceilings and large windows.
Where is this duplex located?
The property is located at 1043 Sumner Avenue Springfield, MA.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Renovated historic firehouse built in 1930 with 1 residential unit upstairs and 1 ground‑floor commercial unit; High ceilings and giant windows with lots of natural light throughout; Approx. 2,000 SF basement with storage and mechanicals, including a full basement and sump pump
