Two-Unit Duplex with
For Sale
$465,000
31-33 Hayden Ave, Springfield, MA 01109
Tenant-occupied duplex with separate living spaces, outdoor areas, and off-street parking in an R2-zoned setting.
Property Size2,213 SF
Price / SF$210.12
Days on Market42
Property Features for 31-33 Hayden Ave
General Information
Standard status
Active
Size
2,213 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
R2
Net Operating Income
$30,000
Units
Unit Mix
1 x 4BR/2BA, 1 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,310
Amenities
full basement
porches
fenced yard
Building Details
Building Size
2,213 SF
Year Built
1896
Listing Agency:
Century 21 North East
Listed By:
Fermin Group
(978) 208-0449
Source:
413realestate
Added: Aug 28
Changed: Sep 4
Last Checked: Oct 7 at 9:38AM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This two-family property provides 2,213 square feet of living space across two residential units. The upper residence occupies the second and third floors and includes 4 bedrooms and 2 baths, while the first-floor apartment offers 2 bedrooms. A full basement adds storage or utility space, and the property also includes porches, a fenced yard, and off-street parking. The roof is newer, and the building dates to 1896.
The property is tenant occupied and situated near area colleges, public transportation, shopping, and major routes. R2 zoning supports its current two-unit configuration. With 6 bedrooms and 3+ baths overall, the layout accommodates separate households within a single multifamily asset.
The property is tenant occupied and situated near area colleges, public transportation, shopping, and major routes. R2 zoning supports its current two-unit configuration. With 6 bedrooms and 3+ baths overall, the layout accommodates separate households within a single multifamily asset.
Key Highlights
- 2,213 square feet of living space in a two‑unit duplex
- Upper unit spans the second and third floors with 4 bedrooms and 2 baths
- First‑floor apartment includes 2 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,756
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,120
$655.1K
Cap Rate 7%
$467,943
$467.9K
Cap Rate 9%
$363,956
$364.0K
Market Conditions
NOI Build-Up for 2,213 SF
Gross rent
$49.1K $22.20/SF
− Vacancy
−$2.3K −$1.05/SF
EGI
$46.8K $21.15/SF
− OpEx
−$14.0K −$6.34/SF
NOI
$32.8K $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 Rate 5%
$655,120
Cap Rate 7%
$467,943
Cap Rate 9%
$363,956
Alternative Uses
Best Use
Multifamily LT 5
$467.9K
$409.5K – $545.9K
NOI $32,756 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$416.3K
$364.2K – $485.7K
NOI $29,139 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$600.9K
$525.8K – $701.1K
NOI $42,065 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
Explore this area
Business Placement
Demographics for 01109, MA
30,968
Population
10,786
Households
2.9
Avg Household Size
30
Median Age
17%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
5,735
Density / Sq Mi
$46,821
Median Household Income
$34,971
Median Earnings
$1,112
Median Rent
$203,100
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 - Tenant-occupied duplex with separate living spaces, outdoor areas, and off-street parking in an R2-zoned setting.
Where is this duplex located?
The property is located at 31-33 Hayden Ave Springfield, MA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 2,213 square feet of living space in a two‑unit duplex; Upper unit spans the second and third floors with 4 bedrooms and 2 baths; First‑floor apartment includes 2 bedrooms
