Historic Two-Unit Residential
120-122 Firglade Ave Springfield, MA 01108
For Sale
$494,900
Pending
Owner-occupied historic multi-family built in 1908 with two full bathrooms, ten bedrooms, and a single garage space.
Property Size3,381 SF
Days on Market40
Property Features for 120-122 Firglade Ave
General Information
- Standard status
- Pending
- Size
- 3,381 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1908
Listing Agency:
Christine Santaniello Realty
(413) 537-7673
Listed By:
Christine M. Santaniello · License #9085225
(413) 537-7673
Source:
Lockandkeyre
Added: Jun 14
Changed: Jul 22
Last Checked: Jul 23 at 5:38AM
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 Christine Santaniello Realty
Investment Insights
Based on property information with market context.
This historic multi-family residence was built in 1908 and offers a two-story layout with ten bedrooms and two full bathrooms. The property is currently described as owner occupied and includes a single garage space for parking or storage. With 3,381 square feet of living space, the configuration is designed to support multiple households and flexible room arrangements.
The listing notes a lot with outdoor space, and mentions access down the street to an entrance to Forest Park. The property is located at 120–122 Firglade Ave in Springfield, Massachusetts.
The listing notes a lot with outdoor space, and mentions access down the street to an entrance to Forest Park. The property is located at 120–122 Firglade Ave in Springfield, Massachusetts.
Key Highlights
- Historic owner‑occupied multi‑family built in 1908
- 3381 sq ft of living space across two stories
- Ten bedrooms, offering flexible layout options for multiple households
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 | $85.2k | $25.20 |
| − Vacancy | −$4.3k | −$1.26 |
| EGI | $80.9k | $23.94 |
| − OpEx | −$36.4k | −$10.77 |
| NOI | $44.5k | $13.17 |
3,381 SF · lease $25.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$636.0K
$556.5K – $742.0K
NOI $44,518 @ 7.0% cap · market cap 9.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$918.1K
$803.3K – $1.07M
NOI $64,266 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Owner-occupied historic multi-family built in 1908 with two full bathrooms, ten bedrooms, and a single garage space.
Where is this multifamily property located?
The property is located at 120-122 Firglade Ave Springfield, MA.
What is the asking price?
The asking price for this property is $494,900.
What are key features of this property?
This property features: Historic owner‑occupied multi‑family built in 1908; 3381 sq ft of living space across two stories; Ten bedrooms, offering flexible layout options for multiple households
