Vacant Two-Family With
For Sale
$349,900
Pending
76 Hampden St, Springfield, MA 01151
Fully vacant two-family includes separate utilities, a full basement, and a detached workshop with fenced storage lot.
Property Size2,086 SF
Lot Size0.34 Acres
Days on Market101
Property Features for 76 Hampden St
General Information
Standard status
Pending
Size
2,086 SF
Lot size
0.34 Acres
Property subtype
Multi Family Home
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1912
Stories
3
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Realty Professionals
(413) 241-4775
Listed By:
Anthony Ardolino · License #9517020-RE-B
(413) 241-4775
Source:
Alliancepartnersre
Added: Apr 23
Changed: Jul 21
Last Checked: Jul 23 at 5:58AM
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.
Fully vacant two-family property offers 10 rooms with 5 bedrooms and 2 full baths across 2,086 sq ft. The first-floor unit includes 2 bedrooms and an oversized kitchen. The second unit spans the 2nd and 3rd floors and is oversized, previously configured as a 4-bedroom and convertible back.
The home sits on a fully fenced 0.34-acre lot with two sheds, a large detached workshop, and an additional storage container. The property also features separate utilities and gas heat systems, updated electrical panels, and a roof completed in 2026. A full basement is included.
Both units have their own utility setups, supporting independent operation. With the existing layout already accommodating multi-level living, the property offers a straightforward platform for investors or owner-occupants seeking flexibility.
The home sits on a fully fenced 0.34-acre lot with two sheds, a large detached workshop, and an additional storage container. The property also features separate utilities and gas heat systems, updated electrical panels, and a roof completed in 2026. A full basement is included.
Both units have their own utility setups, supporting independent operation. With the existing layout already accommodating multi-level living, the property offers a straightforward platform for investors or owner-occupants seeking flexibility.
Key Highlights
- Fully vacant 2‑family built in 1912 with 10 rooms, 5 bedrooms, and 2 full baths in 2,086 sq ft
- First‑floor unit has 2 bedrooms and an oversized kitchen; second unit spans 2nd and 3rd floors
- Second unit was previously configured as a 4‑bedroom and is described as easily convertible back
Financial Insights For Multifamily LT 5
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 | $46.3k | $22.20 |
| − Vacancy | −$2.2k | −$1.05 |
| EGI | $44.1k | $21.15 |
| − OpEx | −$13.2k | −$6.34 |
| NOI | $30.9k | $14.80 |
2,086 SF · lease $22.20/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$441.1K
$386.0K – $514.6K
NOI $30,877 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$392.4K
$343.3K – $457.8K
NOI $27,466 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$566.4K
$495.6K – $660.9K
NOI $39,651 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 01151, MA
9,150
Population
3,959
Households
2.3
Avg Household Size
34
Median Age
17%
College-Educated
77%
High-School Grad
2.4 sq mi
ZIP Area
3,813
Density / Sq Mi
$57,113
Median Household Income
$39,117
Median Earnings
$1,239
Median Rent
$219,800
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 - Fully vacant two-family includes separate utilities, a full basement, and a detached workshop with fenced storage lot.
Where is this duplex located?
The property is located at 76 Hampden St Springfield, MA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Fully vacant 2‑family built in 1912 with 10 rooms, 5 bedrooms, and 2 full baths in 2,086 sq ft; First‑floor unit has 2 bedrooms and an oversized kitchen; second unit spans 2nd and 3rd floors; Second unit was previously configured as a 4‑bedroom and is described as easily convertible back
