Tenant-Occupied
For Sale
$450,000
17-19 Slater Avenue, Springfield, MA 01119
Duplex with tenants in place, rear paved parking, and convenient highway access.
Property Size1,715 SF
Price / SF$262.39
Days on Market93
Property Features for 17-19 Slater Avenue
General Information
Standard status
Active
Size
1,715 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Boston Road
Highway Access
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1989
Buildings
1
Listing Agency:
First Place Realty
Listed By:
Stephen Byrne
(413) 537-3518
Source:
Cbcommunityrealtors
Added: Jul 26
Changed: Oct 25
Last Checked: Oct 24 at 10:22PM
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 First Place Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex at 15-17 Slater Avenue offers 1,715 square feet of residential space and is being sold with the existing tenants remaining. The property was built in 1989 and includes a large paved parking area behind the building.
Located in Springfield, Massachusetts, the property provides access to nearby amenities and highway connections. Its occupied configuration and on-site parking offer a straightforward setup for buyers seeking a residential income property.
Located in Springfield, Massachusetts, the property provides access to nearby amenities and highway connections. Its occupied configuration and on-site parking offer a straightforward setup for buyers seeking a residential income property.
Key Highlights
- Tenants remain in place with the sale
- 1,715 SF duplex built in 1989
- Large paved parking lot at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,385
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,700
$507.7K
Cap Rate 7%
$362,643
$362.6K
Cap Rate 9%
$282,056
$282.1K
Market Conditions
NOI Build-Up for 1,715 SF
Gross rent
$38.1K $22.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$36.3K $21.15/SF
− OpEx
−$10.9K −$6.34/SF
NOI
$25.4K $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%
$507,700
Cap Rate 7%
$362,643
Cap Rate 9%
$282,056
Alternative Uses
Best Use
Multifamily LT 5
$362.6K
$317.3K – $423.1K
NOI $25,385 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$322.6K
$282.3K – $376.4K
NOI $22,581 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$465.7K
$407.5K – $543.3K
NOI $32,599 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 01119, MA
14,393
Population
5,517
Households
2.6
Avg Household Size
35
Median Age
20%
College-Educated
88%
High-School Grad
3.5 sq mi
ZIP Area
4,112
Density / Sq Mi
$59,172
Median Household Income
$45,179
Median Earnings
$1,181
Median Rent
$222,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with tenants in place, rear paved parking, and convenient highway access.
Where is this duplex located?
The property is located at 17-19 Slater Avenue Springfield, MA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Tenants remain in place with the sale; 1,715 SF duplex built in 1989; Large paved parking lot at the rear
