Duplex with Two-Car
New
For Sale
$399,900
124-126 Woodlawn Street, Springfield, MA 01108
Both residences are vacant, with separate gas heating systems and private porches.
Property Size2,490 SF
Price / SF$160.60
Days on Market4
Property Features for 124-126 Woodlawn Street
General Information
Standard status
Active
Size
2,490 SF
Total Parking Spaces
2
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1925
Listing Agency:
Berkshire Hathaway HomeServices Realty Professionals
Listed By:
Anthony Ardolino · License #9517020-RE-B
(413) 543-6766
Source:
Cbcommunityrealtors
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 9 at 11:45PM
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.
Built in 1925, this duplex contains two 3-bedroom, 1-bath units totaling approximately 2,490 square feet. Each residence has an eat-in kitchen, living room, formal dining room, and private porch; the first-floor unit also has a newer kitchen. A two-car garage is included.
Improvements include a newer roof, siding, and windows, along with updated electrical systems. Each unit has its own gas heating system. The property is in Springfield’s Forest Park area, near the East Longmeadow line.
Improvements include a newer roof, siding, and windows, along with updated electrical systems. Each unit has its own gas heating system. The property is in Springfield’s Forest Park area, near the East Longmeadow line.
Key Highlights
- Two 3‑bedroom, 1‑bath units totaling approximately 2,490 square feet
- Both units are vacant
- Each unit has an eat‑in kitchen, living room, formal dining room, and private porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,786
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,720
$655.7K
Cap Rate 7%
$468,371
$468.4K
Cap Rate 9%
$364,289
$364.3K
Market Conditions
NOI Build-Up for 2,490 SF
Gross rent
$62.7K $25.20/SF
− Vacancy
−$3.1K −$1.26/SF
EGI
$59.6K $23.94/SF
− OpEx
−$26.8K −$10.77/SF
NOI
$32.8K $13.17/SF
Area
Springfield, MA
Vacancy
5.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,720
Cap Rate 7%
$468,371
Cap Rate 9%
$364,289
Alternative Uses
Best Use
Multifamily LT 5
$526.5K
$460.7K – $614.3K
NOI $36,857 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$468.4K
$409.8K – $546.4K
NOI $32,786 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$676.1K
$591.6K – $788.8K
NOI $47,330 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
Explore this area
Business Placement
Demographics for 01108, MA
27,671
Population
11,332
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
81%
High-School Grad
3.4 sq mi
ZIP Area
8,139
Density / Sq Mi
$51,851
Median Household Income
$34,539
Median Earnings
$1,224
Median Rent
$219,500
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?
Duplex - Both residences are vacant, with separate gas heating systems and private porches.
Where is this duplex located?
The property is located at 124-126 Woodlawn Street Springfield, MA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bath units totaling approximately 2,490 square feet; Both units are vacant; Each unit has an eat‑in kitchen, living room, formal dining room, and private porch
