Newer Two-Unit
New
For Sale
$539,900
125-127 Laconia Street, Springfield, MA 01129
Occupied units offer central air, basement laundry hookups, and durable mixed flooring.
Property Size2,584 SF
Days on Market3
Property Features for 125-127 Laconia Street
General Information
Standard status
Active
Size
2,584 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
I2
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,636
Amenities
central air conditioning
washer/dryer hookups
Building Details
Building Size
2,584 SF
Year Built
2016
Buildings
1
Stories
3
Units
2
Tenancy
Multi
Listing Agency:
www.HomeZu.com
(860) 414-2288
Listed By:
Juliet Beach
(860) 414-2288
Source:
Housatonicrealestate
Added: Aug 18
Changed: Aug 19
Last Checked: Aug 19 at 3:34PM
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 www.HomeZu.com
Investment Insights
Based on property information with market context.
Built in 2016, this two-unit duplex includes central air conditioning in each residence, along with a combination of tile and luxury vinyl plank flooring. Each unit also has a full basement with washer and dryer hookups. Unit 127 adds a fourth bedroom and a new stainless steel appliance package.
The property is located at 125-127 Laconia Street in Springfield’s Sixteen Acres neighborhood, near Boston Road. Both units are occupied, providing an in-place income stream. The property carries I2 zoning.
The property is located at 125-127 Laconia Street in Springfield’s Sixteen Acres neighborhood, near Boston Road. Both units are occupied, providing an in-place income stream. The property carries I2 zoning.
Key Highlights
- Two‑unit duplex built in 2016
- Both units are occupied with tenants in place
- Central air conditioning in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,248
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$764,960
$765.0K
Cap Rate 7%
$546,400
$546.4K
Cap Rate 9%
$424,978
$425.0K
Market Conditions
NOI Build-Up for 2,584 SF
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.
Gross rent
$57.4K $22.20/SF
− Vacancy
−$2.7K −$1.05/SF
EGI
$54.6K $21.15/SF
− OpEx
−$16.4K −$6.34/SF
NOI
$38.2K $14.80/SF
Area
Springfield, MA
Vacancy
4.75%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$764,960
Cap Rate 7%
$546,400
Cap Rate 9%
$424,978
Alternative Uses
Best Use
Multifamily LT 5
$546.4K
$478.1K – $637.5K
NOI $38,248 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$486.1K
$425.3K – $567.1K
NOI $34,024 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$701.7K
$614.0K – $818.6K
NOI $49,117 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Explore this area
Business Placement
Demographics for 01129, MA
7,024
Population
2,699
Households
2.6
Avg Household Size
43
Median Age
31%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
2,066
Density / Sq Mi
$92,500
Median Household Income
$49,316
Median Earnings
$1,325
Median Rent
$239,200
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 - Occupied units offer central air, basement laundry hookups, and durable mixed flooring.
Where is this duplex located?
The property is located at 125-127 Laconia Street Springfield, MA.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Two‑unit duplex built in 2016; Both units are occupied with tenants in place; Central air conditioning in each unit
