Duplex with Two Fully Occupied
New
For Sale
$375,000
162 Northampton Ave, Springfield, MA 01109
Duplex built in 1899 with two fully occupied units, with both leases ending after one year.
Days on Market5
Property Features for 162 Northampton Ave
General Information
Standard status
Active
Property subtype
Investment
Occupancy
100%
Building Details
Building Size
2,465 SF
Year Built
1899
Tenancy
Multi
Listing Agency:
(508) 728-6964
Listed By:
Rodney Villette
(508) 728-6964
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 31 at 12:44PM
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 Rodney Villette
Investment Insights
Based on property information with market context.
Duplex with two fully occupied units, built in 1899. The first unit is a single-level 2-bedroom, 1-bath home. The second unit is a two-level 4-bedroom, 1-bath layout. Both units are at the end of their 1-year lease term and are described as willing to stay.
Located at 162 Northampton Ave in Springfield, MA 01109, the property is across the street from a children’s playground and is close to schools, shopping centers, and parks. It is also within walking distance to the amenities Springfield has to offer. Transit, walk, and bike scores provided for the area include a 56 transit score, an 80 walk score, and a 59 bike score.
Located at 162 Northampton Ave in Springfield, MA 01109, the property is across the street from a children’s playground and is close to schools, shopping centers, and parks. It is also within walking distance to the amenities Springfield has to offer. Transit, walk, and bike scores provided for the area include a 56 transit score, an 80 walk score, and a 59 bike score.
Key Highlights
- Two fully occupied units described, with 1‑year leases at the end of term
- First unit: one‑level 2‑bedroom, 1‑bath layout
- Second unit: two‑level 4‑bedroom, 1‑bath layout
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.1k | $25.20 |
| − Vacancy | −$3.1k | −$1.26 |
| EGI | $59.0k | $23.94 |
| − OpEx | −$26.6k | −$10.77 |
| NOI | $32.5k | $13.17 |
2,465 SF · lease $25.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$521.2K
$456.1K – $608.1K
NOI $36,487 @ 7.0% cap · market cap 9.73%
Second Best
Apartment 5plus
$463.7K
$405.7K – $541.0K
NOI $32,457 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$669.4K
$585.7K – $780.9K
NOI $46,855 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
803
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 - Duplex built in 1899 with two fully occupied units, with both leases ending after one year.
Where is this duplex located?
The property is located at 162 Northampton Ave Springfield, MA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two fully occupied units described, with 1‑year leases at the end of term; First unit: one‑level 2‑bedroom, 1‑bath layout; Second unit: two‑level 4‑bedroom, 1‑bath layout
