Two-Family Duplex with Adjacent
For Sale
$369,900
158 Monrovia Street, Springfield, MA 01104
Vacant delivery and an extra lot provide flexibility for an owner-occupant or investor.
Property Size1,952 SF
Price / SF$189.50
Days on Market263
Property Features for 158 Monrovia Street
General Information
Standard status
Active
Size
1,952 SF
Total Parking Spaces
3
Property subtype
Multi-family / 2 Family - 2 Units Up/Down
Zoning
R1
Additional Details
Asking Price
$369,900
Taxes and HOA fees
Annual Taxes
$4,474
Amenities
No
Wood, Vinyl
2.0
Electric Dryer Hookup, Washer Hookup
Full, Partially Finished
2
2.00
Fenced/Enclosed, Fenced
Frame
Shingle
Shed(s)
Rain Gutters, Fenced Yard, Porch - Enclosed
Enclosed
Building Details
Year Built
1917
Listing Agency:
Signature Realty
(413) 300-4024
Listed By:
Rafael Fontanez · License #9589114
(413) 300-4024
Source:
Compass
Added: Dec 12, 2025
Changed: Aug 31
Last Checked: Aug 31 at 9:47PM
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 Signature Realty
Investment Insights
Based on property information with market context.
Located at 158 Monrovia Street in Springfield, this 1,952-square-foot duplex contains two vertically arranged residences, each with three bedrooms and one bathroom. The 1917 property combines original character with finished kitchens and bathrooms, generous room sizes, and enclosed porch space. It is offered in as-is condition and will be delivered vacant.
An adjacent lot conveys with the property, adding a separate component to the offering. Exterior features include a fenced yard, enclosed porch, rain gutters, and a shed. The property is zoned R1 and includes washer and dryer hookups. Its East Springfield setting is described as close to shopping, transit, schools, and parks.
An adjacent lot conveys with the property, adding a separate component to the offering. Exterior features include a fenced yard, enclosed porch, rain gutters, and a shed. The property is zoned R1 and includes washer and dryer hookups. Its East Springfield setting is described as close to shopping, transit, schools, and parks.
Key Highlights
- Two 3‑bed/1‑bath residential units in an up‑and‑down duplex
- 1,952 square feet of building area
- Vacant delivery supports owner‑occupancy or investor use
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
$28,893
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
7.81%
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%
$577,860
$577.9K
Cap Rate 7%
$412,757
$412.8K
Cap Rate 9%
$321,033
$321.0K
Market Conditions
NOI Build-Up for 1,952 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
$43.3K $22.20/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$41.3K $21.15/SF
− OpEx
−$12.4K −$6.34/SF
NOI
$28.9K $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%
$577,860
Cap Rate 7%
$412,757
Cap Rate 9%
$321,033
Alternative Uses
Best Use
Multifamily LT 5
$412.8K
$361.2K – $481.6K
NOI $28,893 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$367.2K
$321.3K – $428.4K
NOI $25,702 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$530.1K
$463.8K – $618.4K
NOI $37,104 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
426
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
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 - Vacant delivery and an extra lot provide flexibility for an owner-occupant or investor.
Where is this duplex located?
The property is located at 158 Monrovia Street Springfield, MA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two 3‑bed/1‑bath residential units in an up‑and‑down duplex; 1,952 square feet of building area; Vacant delivery supports owner‑occupancy or investor use
