Two-Unit Duplex with
123 Springfield Street, Chicopee, MA 01013
For Sale
$464,999
The property pairs a four-bedroom main residence with a renovated one-bedroom apartment, with both units vacant at closing.
Property Size2,456 SF
Lot Size0.21 Acres
Price / SF$189.33
Days on Market9
Property Features for 123 Springfield Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Building Details
Year Built
Buildings
Construction
Listing Agency:
Vicente Realty,LLC
Listed By:
Maiyah Fleuriel
(781) 731-5688
Source:
Taylorrealtors
Added: Nov 1
Changed: Nov 8
Last Checked: Nov 8 at 6:45AM
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 Vicente Realty,LLC
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Investment Insights
Based on property information with market context.
Dating to 1800, this 2,456-square-foot duplex occupies a 0.21-acre lot. The main residence has four upstairs bedrooms, a renovated kitchen, a dining room, living room with an original fireplace, and a flexible bonus room. First-floor laundry and a half bath add to the layout, while a walk-up attic provides storage. The renovated second apartment contains one bedroom and an updated kitchen. The property is fully deleaded; replacement windows, some updated plumbing, newer interior and exterior doors, and fresh interior and exterior paint are also noted.
Six off-street parking spaces serve the property. Access to the Mass Pike and I-391, as well as Chicopee Center, is noted. Both apartments are vacant at closing.
Six off-street parking spaces serve the property. Access to the Mass Pike and I-391, as well as Chicopee Center, is noted. Both apartments are vacant at closing.
Key Highlights
- Two‑unit duplex with 2,456 square feet on a 0.21‑acre lot
- Main residence includes four bedrooms; second unit is a renovated one‑bedroom
- Six off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,168
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,360
$643.4K
Cap Rate 7%
$459,543
$459.5K
Cap Rate 9%
$357,422
$357.4K
Market Conditions
NOI Build-Up for 2,456 SF
Gross rent
$48.6K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$46.0K $18.71/SF
− OpEx
−$13.8K −$5.61/SF
NOI
$32.2K $13.10/SF
Area
Hampden County, MA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,360
Cap Rate 7%
$459,543
Cap Rate 9%
$357,422
Alternative Uses
Best Use
Multifamily LT 5
$459.5K
$402.1K – $536.1K
NOI $32,168 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$425.9K
$372.6K – $496.9K
NOI $29,811 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$1.51M
$1.32M – $1.77M
NOI $105,958 @ 7.0% cap · market cap 22.79%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
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Business Placement
Demographics for 01013, MA
23,656
Population
10,309
Households
2.3
Avg Household Size
38
Median Age
23%
College-Educated
87%
High-School Grad
5.7 sq mi
ZIP Area
4,150
Density / Sq Mi
$64,039
Median Household Income
$45,268
Median Earnings
$1,005
Median Rent
$249,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Hampden County, MA
Properties on Market for Duplexes in Hampden County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property pairs a four-bedroom main residence with a renovated one-bedroom apartment, with both units vacant at closing.
Where is this duplex located?
The property is located at 123 Springfield Street Chicopee, MA.
What is the asking price?
The asking price for this property is $464,999.
What are key features of this property?
This property features: Two‑unit duplex with 2,456 square feet on a 0.21‑acre lot; Main residence includes four bedrooms; second unit is a renovated one‑bedroom; Six off‑street parking spaces
