Updated Duplex with
For Sale
$385,000
132 Grover St, Springfield, MA 01104
Two residential units offer separate layouts, updated kitchens, and a vacant first-floor apartment.
Property Size2,604 SF
Price / SF$147.85
Days on Market50
Property Features for 132 Grover St
General Information
Standard status
Active
Size
2,604 SF
Total Parking Spaces
2
Property subtype
2 Family - 2 Units Up/Down
Units
Unit Mix
1 x 2BR/1BA, 1 x 5BR/1BA
Multifamily Units
2
Building Details
Building Size
2,604 SF
Year Built
1899
Listing Agency:
Naples Realty Group
(413) 650-1314
Listed By:
Ryan McDowell · License #9554952
(413) 218-0848
Source:
Iverty
Added: Aug 28
Changed: Oct 15
Last Checked: Oct 15 at 1:21AM
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 Naples Realty Group
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Investment Insights
Based on property information with market context.
This two-family property contains 2,604 square feet across a first-floor apartment and a combined second- and third-floor unit. The lower apartment is vacant and includes 2 bedrooms, 1 full bathroom, hardwood flooring, fresh paint, vinyl replacement windows, and an updated kitchen. The upper residence is leased month to month and provides 5 bedrooms, 1 bathroom, hardwood and vinyl flooring, vinyl windows, and another updated kitchen.
The property also includes newer vinyl siding, gas heating, and a detached 2-car garage. Built in 1899, it is located at 132 Grover Street in Springfield, Massachusetts.
The property also includes newer vinyl siding, gas heating, and a detached 2-car garage. Built in 1899, it is located at 132 Grover Street in Springfield, Massachusetts.
Key Highlights
- 2,604‑square‑foot duplex with 2 residential units
- Vacant first‑floor unit with 2 bedrooms and 1 full bathroom
- Second- and third‑floor unit includes 5 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,287
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,740
$685.7K
Cap Rate 7%
$489,814
$489.8K
Cap Rate 9%
$380,967
$381.0K
Market Conditions
NOI Build-Up for 2,604 SF
Gross rent
$65.6K $25.20/SF
− Vacancy
−$3.3K −$1.26/SF
EGI
$62.3K $23.94/SF
− OpEx
−$28.1K −$10.77/SF
NOI
$34.3K $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%
$685,740
Cap Rate 7%
$489,814
Cap Rate 9%
$380,967
Alternative Uses
Best Use
Multifamily LT 5
$550.6K
$481.8K – $642.4K
NOI $38,544 @ 7.0% cap · market cap 10.01%
Second Best
Apartment 5plus
$489.8K
$428.6K – $571.5K
NOI $34,287 @ 7.0% cap · market cap 8.91%
Theoretical Best
Office A
$707.1K
$618.7K – $825.0K
NOI $49,497 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
Explore this area
Business Placement
Demographics for 01104, MA
23,598
Population
9,562
Households
2.5
Avg Household Size
38
Median Age
13%
College-Educated
77%
High-School Grad
5.2 sq mi
ZIP Area
4,538
Density / Sq Mi
$47,530
Median Household Income
$37,463
Median Earnings
$1,004
Median Rent
$210,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate layouts, updated kitchens, and a vacant first-floor apartment.
Where is this duplex located?
The property is located at 132 Grover St Springfield, MA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2,604‑square‑foot duplex with 2 residential units; Vacant first‑floor unit with 2 bedrooms and 1 full bathroom; Second- and third‑floor unit includes 5 bedrooms and 1 bathroom
