Duplex with Two-Car
For Sale
$435,000
129-131 W Alvord St, Springfield, MA 01108
The three-level residence includes a private front porch, hardwood flooring in several areas, and garage parking.
Property Size2,896 SF
Price / SF$150.21
Days on Market44
Property Features for 129-131 W Alvord St
General Information
Standard status
Active
Size
2,896 SF
Total Parking Spaces
2
Property subtype
Multi Family
Site & Location
Neighborhood
Forest Park
Additional Details
Multifamily Units
2
Building Details
Year Built
1922
Stories
3
Listing Agency:
Nina-Soto Realty
Listed By:
Cynthia Nina-Soto
(978) 704-8691
Source:
Ninasoto
Added: Sep 17
Changed: Oct 30
Last Checked: Oct 30 at 3:14PM
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 Nina-Soto Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Configured as a two-unit residence across three levels, the property contains 2,896 square feet and dates to 1922. Hardwood flooring appears in multiple areas, and the first-floor unit has a private front porch. The building also includes a two-car garage.
The property has two full bathrooms and one half bathroom. Its two-unit layout and range of interior and exterior features define the physical configuration.
The property has two full bathrooms and one half bathroom. Its two-unit layout and range of interior and exterior features define the physical configuration.
Key Highlights
- 2,896‑square‑foot, three‑level duplex
- Two residential units
- Two full bathrooms and one half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,132
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,640
$762.6K
Cap Rate 7%
$544,743
$544.7K
Cap Rate 9%
$423,689
$423.7K
Market Conditions
NOI Build-Up for 2,896 SF
Gross rent
$73.0K $25.20/SF
− Vacancy
−$3.6K −$1.26/SF
EGI
$69.3K $23.94/SF
− OpEx
−$31.2K −$10.77/SF
NOI
$38.1K $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%
$762,640
Cap Rate 7%
$544,743
Cap Rate 9%
$423,689
Alternative Uses
Best Use
Multifamily LT 5
$612.4K
$535.8K – $714.4K
NOI $42,866 @ 7.0% cap · market cap 9.85%
Second Best
Apartment 5plus
$544.7K
$476.7K – $635.5K
NOI $38,132 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$786.4K
$688.1K – $917.5K
NOI $55,047 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
815
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
Frequently Asked Questions
What type of property is this?
Duplex - The three-level residence includes a private front porch, hardwood flooring in several areas, and garage parking.
Where is this duplex located?
The property is located at 129-131 W Alvord St Springfield, MA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 2,896‑square‑foot, three‑level duplex; Two residential units; Two full bathrooms and one half bathroom
