Renovated Springfield Duplex For
For Sale
Contact for pricing
Pending
106-108 Breckwood Cir, Springfield, MA 01119
Fully renovated, vacant duplex in Springfield, ideal for owner-occupants.
Property Size2,040 SF
Days on Market201
Property Features for 106-108 Breckwood Cir
General Information
Standard status
Pending
Size
2,040 SF
Total Parking Spaces
4
Property subtype
Multifamily
Zoning
R1
Building Details
Year Built
1968
Units
2
Listing Agency:
Lock & Key Realty
Listed By:
Drew Rodman · License #MA
Source:
Crexi
Added: Jan 31
Changed: Aug 8
Last Checked: Aug 19 at 11:44PM
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 Lock & Key Realty
Investment Insights
Based on property information with market context.
The property at 106–108 Breckwood Circle in Springfield is a fully renovated, vacant side-by-side two-family residential income property. Each unit features 2 bedrooms and 1.5 bathrooms, with modern finishes throughout. The first floors offer open-concept layouts. Recent renovations provide a turnkey experience. The vacant status allows for immediate occupancy or rental at market rates. This property is suitable for owner-occupants or investors looking to expand their portfolio. The property size is 2040 square feet.
Key Highlights
- Fully renovated, move‑in‑ready two‑family home.
- Vacant units allow for immediate occupancy or rental.
- Each unit features 2 bedrooms and 1.5 bathrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,196
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$603,920
$603.9K
Cap Rate 7%
$431,371
$431.4K
Cap Rate 9%
$335,511
$335.5K
Market Conditions
NOI Build-Up for 2,040 SF
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.
Gross rent
$45.3K $22.20/SF
− Vacancy
−$2.2K −$1.05/SF
EGI
$43.1K $21.15/SF
− OpEx
−$12.9K −$6.34/SF
NOI
$30.2K $14.80/SF
Area
Springfield, MA
Vacancy
4.75%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$603,920
Cap Rate 7%
$431,371
Cap Rate 9%
$335,511
Alternative Uses
Best Use
Multifamily LT 5
$431.4K
$377.5K – $503.3K
NOI $30,196 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$383.7K
$335.8K – $447.7K
NOI $26,861 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$553.9K
$484.7K – $646.3K
NOI $38,776 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
Explore this area
Business Placement
Demographics for 01119, MA
14,393
Population
5,517
Households
2.6
Avg Household Size
35
Median Age
20%
College-Educated
88%
High-School Grad
3.5 sq mi
ZIP Area
4,112
Density / Sq Mi
$59,172
Median Household Income
$45,179
Median Earnings
$1,181
Median Rent
$222,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated, vacant duplex in Springfield, ideal for owner-occupants.
Where is this duplex located?
The property is located at 106-108 Breckwood Cir Springfield, MA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Fully renovated, move‑in‑ready two‑family home.; Vacant units allow for immediate occupancy or rental.; Each unit features 2 bedrooms and 1.5 bathrooms.
