Two-Family Income
128 Hampden Street West Springfield, MA 01089
128 Hampden Street, West Springfield, MA, 01089
$449,900
For Sale
$449,900
Updated two-family home with separate porches and a third-floor finished unit across two levels.
Property Size3,004 SF
Price / SF$149.77
Days on Market155
Property Features for 128 Hampden Street
General Information
- Standard status
- Active
- Size
- 3,004 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1900
Listing agency
Class Realty, Inc.
(413) 786-1834
Listed by
Nikolay Yusenko · License #9035453
(413) 786-1834
Source
Compass
Added: Feb 16 Updated: Jul 20 at 5:20PM Checked: Jul 21 at 6:50AM
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 Class Realty, Inc.
Investment Insights
Based on property information with market context.
Well-maintained two-family duplex in West Springfield with each unit featuring its own porch or balcony. The first-floor unit includes a living room, dining room, kitchen, two bedrooms, and a full bath. The second unit is spread across two levels with a main level matching the first-floor layout, plus a finished third floor offering additional living space that includes a living room, kitchen, one bedroom, and a full bath.
Updates during ownership include siding, windows, renovated kitchens, updated bathrooms, flooring improvements, and mini-split systems on the second and third floors. The property is described as fully rented and generating positive cash flow.
For a buyer seeking a residential income property, the configuration provides distinct living areas per unit, including outdoor space and multiple finished levels for the second tenant.
Updates during ownership include siding, windows, renovated kitchens, updated bathrooms, flooring improvements, and mini-split systems on the second and third floors. The property is described as fully rented and generating positive cash flow.
For a buyer seeking a residential income property, the configuration provides distinct living areas per unit, including outdoor space and multiple finished levels for the second tenant.
Key Highlights
- Updated two‑family home built in 1900 with 3 total full baths and a full basement
- First‑floor unit layout: living room, dining room, kitchen, 2 bedrooms, and a full bath
- Second unit spans two levels plus finished third floor: main level with living/dining/kitchen, 2 bedrooms, and a full bath; third floor adds living room, kitchen, 1 bedroom, and a full bath
Local 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 | $59.5k | $19.80 |
| − Vacancy | −$3.3k | −$1.09 |
| EGI | $56.2k | $18.71 |
| − OpEx | −$16.9k | −$5.61 |
| NOI | $39.3k | $13.10 |
3,004 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$562.1K
$491.8K – $655.8K
NOI $39,345 @ 7.0% cap · market cap 8.75%
Second Best
Apartment 5plus
$520.9K
$455.8K – $607.7K
NOI $36,463 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,600 @ 7.0% cap · market cap 28.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated two-family home with separate porches and a third-floor finished unit across two levels.
Where is this duplex located?
The property is located at 128 Hampden Street West Springfield, MA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Updated two‑family home built in 1900 with 3 total full baths and a full basement; First‑floor unit layout: living room, dining room, kitchen, 2 bedrooms, and a full bath; Second unit spans two levels plus finished third floor: main level with living/dining/kitchen, 2 bedrooms, and a full bath; third floor adds living room, kitchen, 1 bedroom, and a full bath
