Twelve-Bedroom Apartment
New
For Sale
$744,000
109 Grover St, Springfield, MA 01104
Spacious apartment building with 12 bedrooms and six full bathrooms, built in 1909.
Property Size4,953 SF
Lot Size0.11 Acres
Price / SF$150.21
Days on Market4
Property Features for 109 Grover St
General Information
Standard status
Active
Size
4,953 SF
Lot size
0.11 Acres
Property subtype
Investment
Building Details
Building Size
20,403 SF
Year Built
1909
Listing Agency:
Berkshire Hathaway HomeServices Realty Professionals
(413) 530-8179
Listed By:
Michele Hyde
(413) 530-8179
Source:
Elliman
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 31 at 8:08AM
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 Berkshire Hathaway HomeServices Realty Professionals
Investment Insights
Based on property information with market context.
This apartment building offers 4,953 sq ft of living area on a 4,953 sq ft lot, built in 1909. The layout includes 12 bedrooms and six full bathrooms, creating flexible accommodations across its units. Each bedroom is described as having private living space, supported by multiple full bathrooms designed for everyday convenience.
The property is located at 109 Grover St in Springfield, MA 01104. WalkScore is 76 (very walkable) and transitScore is 62 (good transit), with bikeScore at 58 (bikeable).
With its substantial size and multi-unit design, the building supports a range of household and tenancy arrangements, including rental income and flexible living options for owner-occupants.
The property is located at 109 Grover St in Springfield, MA 01104. WalkScore is 76 (very walkable) and transitScore is 62 (good transit), with bikeScore at 58 (bikeable).
With its substantial size and multi-unit design, the building supports a range of household and tenancy arrangements, including rental income and flexible living options for owner-occupants.
Key Highlights
- 4,953 sq ft living area on a 4,953 sq ft lot
- 12 bedrooms
- Six full bathrooms
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 | $124.8k | $25.20 |
| − Vacancy | −$6.2k | −$1.26 |
| EGI | $118.6k | $23.94 |
| − OpEx | −$53.4k | −$10.77 |
| NOI | $65.2k | $13.17 |
4,953 SF · lease $25.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$931.7K
$815.2K – $1.09M
NOI $65,216 @ 7.0% cap · market cap 8.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,147 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
Explore this area
Business Placement
Demographics for 01104, MA
23,598
Population
9,562
Households
2.5
Avg Household Size
38
Median Age
13%
College-Educated
77%
High-School Grad
5.2 sq mi
ZIP Area
4,538
Density / Sq Mi
$47,530
Median Household Income
$37,463
Median Earnings
$1,004
Median Rent
$210,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Spacious apartment building with 12 bedrooms and six full bathrooms, built in 1909.
Where is this apartment building located?
The property is located at 109 Grover St Springfield, MA.
What is the asking price?
The asking price for this property is $744,000.
What are key features of this property?
This property features: 4,953 sq ft living area on a 4,953 sq ft lot; 12 bedrooms; Six full bathrooms
