Well-Maintained Duplex Ideal for
115-117 Northampton Ave Springfield, MA 01109
For Sale
$415,900
8-bedroom, 2-bathroom duplex with separate utilities and off-street parking.
Property Size2,902 SF
Price / SF$143.31
Days on Market95
Property Features for 115-117 Northampton Ave
General Information
- Standard status
- Active
- Size
- 2,902 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1909
Listing Agency:
All The Marbles Realty, LLC
(413) 441-1961
Listed By:
Carrie Saldo · License #9577362
(413) 441-1961
Source:
Alliancepartnersre
Added: Apr 23
Changed: Jul 10
Last Checked: Jul 23 at 6:33AM
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 All The Marbles Realty, LLC
Investment Insights
Based on property information with market context.
This well-maintained duplex features 8 bedrooms and two bathrooms, making it suitable for both owner-occupants and investors. The property includes architectural details such as coffered ceilings, hardwood floors, bay windows, built-in shelves, and pocket doors. The downstairs unit is ready for immediate occupancy. The upstairs unit is currently occupied by a tenant with a strong payment history, paying $2,200 monthly. Value-adds include a Letter of Full Deleading Compliance for both units, ample storage in the basement, separate utilities and washer/dryer hook-ups, off-street parking, and front, rear, and second-floor porches. A new roof is planned for April 2026, and the exterior and interior are scheduled to be freshly painted in the fall of 2025. The property is located within walking distance of Gunn Playground, Springfield College, American International College, and various restaurants and shops. It is also a short drive to Springfield Technical Community College and downtown Springfield. The property size is 2902 square feet.
Key Highlights
- New Roof (April 2026) and Freshly Painted Exterior & Interior (Fall 2025)
- Two‑unit duplex ideal for owner‑occupants or investors.
- Downstairs unit ready for immediate occupancy; upstairs unit has tenant with strong payment history ($2,200 monthly rent).
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 | $73.1k | $25.20 |
| − Vacancy | −$3.7k | −$1.26 |
| EGI | $69.5k | $23.94 |
| − OpEx | −$31.3k | −$10.77 |
| NOI | $38.2k | $13.17 |
2,902 SF · lease $25.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$613.6K
$536.9K – $715.9K
NOI $42,955 @ 7.0% cap · market cap 10.33%
Second Best
Apartment 5plus
$545.9K
$477.6K – $636.9K
NOI $38,211 @ 7.0% cap · market cap 9.19%
Theoretical Best
Office A
$788.0K
$689.5K – $919.4K
NOI $55,161 @ 7.0% cap · market cap 13.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - 8-bedroom, 2-bathroom duplex with separate utilities and off-street parking.
Where is this duplex located?
The property is located at 115-117 Northampton Ave Springfield, MA.
What is the asking price?
The asking price for this property is $415,900.
What are key features of this property?
This property features: New Roof (April 2026) and Freshly Painted Exterior & Interior (Fall 2025); Two‑unit duplex ideal for owner‑occupants or investors.; Downstairs unit ready for immediate occupancy; upstairs unit has tenant with strong payment history ($2,200 monthly rent).
