Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    135-137 Suffolk St Springfield, MA 01109

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Pending
    Contact for pricing

    Updated two-family home with strong rental potential near colleges.

    Lot size:
    0.13 Acres

    Property Features for 135-137 Suffolk St

    General Information

    Property type
    Investment
    Standard status
    Pending
    Lot size
    0.13 Acres

    Building Details

    Year built
    1921

    We can help!

    Listing Contact
    Kirk Craigg
    Source: Elliman

    Listing Agent: Kirk Craigg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Updated Two-Family Home

    This updated two-family home offers 2,480 square feet of living space. Each unit features three bedrooms and one bathroom. The third floor provides additional finished space suitable for a primary suite, office, or bonus living area for the second unit. Recent updates include new siding and a new roof, along with two renovated kitchens featuring new cabinets and countertops. The property includes solar panels on the second floor, newer water heaters for both floors, gas heat on the first and second floors, and electric heaters on the third floor. A two-car garage is also included. This property presents an opportunity for owner-occupants or investors, offering flexible living options and strong rental potential. It is located close to nearby colleges. The property will be delivered vacant at closing.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.551357
    Latitude
    42.109033

    Nearby Similar for Sale

    • $415,000
      3,163 SF

      Turnkey Springfield Multifamily Property

      Two-family property with renovated unit and long-term tenant.
      15 Malden St, Springfield, MA 01108
      View Details
    • $279,900
      2,341 SF

      Springfield Multifamily Investment Opportunity

      Income property with remodeled unit and recent upgrades.
      49 Euclid Ave, Springfield, MA 01108
      View Details
    • $339,000
      3,278 SF

      Springfield Multifamily Investment Opportunity

      Two-family home with income potential and expansion possibilities.
      32 Wendell Pl, Springfield, MA 01105
      View Details
    • $284,900
      2,720 SF

      Springfield Two-Family Investment Opportunity

      Two-family property with strong rental potential near amenities.
      1045-1047 Worcester St, Springfield, MA 01151
      View Details
    • $450,000

      Three-Story Commercial Building with Bar

      4,826 SF commercial building with bar, event space, kitchen.
      21-23 Hampden St, Springfield, MA 01103
      View Details
    • Contact for pricing

      Gated Office Campus For Sale

      15.3-acre office campus with 24/7 security and on-site amenities.
      1 Federal St, Springfield, MA 01105
      View Details
    • $249,000

      Medical/Office Space For Sale/Lease

      2,657 SF medical/office space in Mercy Medical Center.
      299 Carew St, Springfield, MA 01104
      View Details
    • Contact for pricing

      Springfield Warehouse and Office Space

      Warehouse and office spaces available in Springfield Industrial Park.
      357 Cottage St, Springfield, MA 01104
      View Details
    • $649,000
      6,375 SF

      Downtown Springfield Retail and Restaurant

      Retail store and vacant restaurant space in downtown Springfield.
      1021 Main St, Springfield, MA 01103
      View Details
    • $975,000
      3,507 SF

      Corner Lot Retail/Office Property

      Retail/office property on a busy corner with high visibility.
      908 Allen St, Springfield, MA 01118
      View Details
    • $699,000
      Pending

      Iconic Corner Property in Springfield

      Prime location near MGM Casino with high visibility and foot traffic.
      988-994 Main St, Springfield, MA 01105
      View Details
    • $780,000

      Mixed-Use Property in Springfield, MA

      Mixed-use property with commercial and residential units in Springfield.
      570-582 Main St, Springfield, MA 01119
      View Details

    FAQs

    What type of property is this?
    Duplex - Updated two-family home with strong rental potential near colleges.
    Where is this duplex located?
    The property is located at 135-137 Suffolk St Springfield, MA.
    What are key features of this property?
    This property features: - Two renovated kitchens with **new cabinets and countertops**.; - Two-family home with flexible living options and strong rental potential.; - **New siding and new roof**.
    (413) 427-9909
    Request Owner's contact information
    135-137 Suffolk St Springfield, MA 01109
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    135-137 Suffolk St
    Springfield, MA 01109
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    135-137 Suffolk St Springfield, MA 01109
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kirk Craigg
    (413) 427-9909
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!