Newly Built
New
For Sale
$539,900
144-146 Magazine Street, Springfield, MA 01109
Two residences offer open-concept layouts, contemporary finishes, separate utilities, and off-street parking.
Property Size2,560 SF
Price / SF$210.90
Days on Market5
Property Features for 144-146 Magazine Street
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Amenities
central air
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Fathom Realty
Listed By:
Jordan Torres
(413) 586-7000
Source:
Gogginsrealestate
Added: Aug 16
Changed: Aug 20
Last Checked: Aug 20 at 5:40AM
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 Fathom Realty
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains 2,560 square feet with two distinct residences. Each unit includes 3 bedrooms, 1.5 bathrooms, central air, forced hot air, and an open-concept living arrangement. Interior finishes include quartz kitchen countertops, stainless steel appliances, contemporary cabinetry, and dedicated preparation and storage areas. Energy-efficient heat pump water heaters and separate utilities serve each unit, while off-street parking supports daily residential use.
The property is located at 144-146 Magazine Street in Springfield, Massachusetts, near shopping, restaurants, schools, parks, and major highways. Its two-unit configuration is suited to owner-occupancy, rental income, or an expanded residential investment portfolio, as described in the property information.
The property is located at 144-146 Magazine Street in Springfield, Massachusetts, near shopping, restaurants, schools, parks, and major highways. Its two-unit configuration is suited to owner-occupancy, rental income, or an expanded residential investment portfolio, as described in the property information.
Key Highlights
- 2026 construction with 2,560 square feet
- Two units, each with 3 bedrooms and 1.5 bathrooms
- Quartz countertops, stainless steel appliances, and contemporary cabinetry in each kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,893
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$757,860
$757.9K
Cap Rate 7%
$541,329
$541.3K
Cap Rate 9%
$421,033
$421.0K
Market Conditions
NOI Build-Up for 2,560 SF
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.
Gross rent
$56.8K $22.20/SF
− Vacancy
−$2.7K −$1.05/SF
EGI
$54.1K $21.15/SF
− OpEx
−$16.2K −$6.34/SF
NOI
$37.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$757,860
Cap Rate 7%
$541,329
Cap Rate 9%
$421,033
Alternative Uses
Best Use
Multifamily LT 5
$541.3K
$473.7K – $631.6K
NOI $37,893 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$481.5K
$421.4K – $561.8K
NOI $33,708 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$695.1K
$608.3K – $811.0K
NOI $48,660 @ 7.0% cap · market cap 9.01%
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
1,314
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer open-concept layouts, contemporary finishes, separate utilities, and off-street parking.
Where is this duplex located?
The property is located at 144-146 Magazine Street Springfield, MA.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: 2026 construction with 2,560 square feet; Two units, each with 3 bedrooms and 1.5 bathrooms; Quartz countertops, stainless steel appliances, and contemporary cabinetry in each kitchen
