Two-Unit Duplex with Occupied
For Sale
$375,000
162 Northampton Ave, Springfield, MA 01109
Two residences offer distinct layouts, with one unit on a single level and the other arranged across two floors.
Property Size2,465 SF
Days on Market33
Property Features for 162 Northampton Ave
General Information
Standard status
Active
Size
2,465 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Zoning
R2
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,146
Building Details
Building Size
2,465 SF
Year Built
1899
Stories
3
Units
2
Tenancy
Multi
Listing Agency:
RE/MAX Synergy
(508) 728-6964
Listed By:
Rodney Villette
(508) 728-6964
Source:
Threehillsres
Added: Jul 28
Changed: Aug 28
Last Checked: Aug 28 at 11:28AM
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 RE/MAX Synergy
Investment Insights
Based on property information with market context.
This two-unit duplex, built in 1899, contains 2,465 square feet and is fully occupied. The first residence is a single-level unit with 2 bedrooms and 1 bathroom. The second residence spans two levels and includes 4 bedrooms and 1 bathroom, providing a larger configuration within the same property.
Both units are at the end of their 1-year leases, and the current occupants are willing to remain. The property is located across from a children’s playground and near schools, shopping centers, and parks. Springfield amenities are within walking distance.
Both units are at the end of their 1-year leases, and the current occupants are willing to remain. The property is located across from a children’s playground and near schools, shopping centers, and parks. Springfield amenities are within walking distance.
Key Highlights
- Two fully occupied residential units
- 2,465 square feet in a duplex built in 1899
- First unit: single‑level layout with 2 bedrooms and 1 bathroom
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
$32,457
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
8.66%
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%
$649,140
$649.1K
Cap Rate 7%
$463,671
$463.7K
Cap Rate 9%
$360,633
$360.6K
Market Conditions
NOI Build-Up for 2,465 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
$62.1K $25.20/SF
− Vacancy
−$3.1K −$1.26/SF
EGI
$59.0K $23.94/SF
− OpEx
−$26.6K −$10.77/SF
NOI
$32.5K $13.17/SF
Area
Springfield, MA
Vacancy
5.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
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%
$649,140
Cap Rate 7%
$463,671
Cap Rate 9%
$360,633
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
Property Profile
Current Use
Lease Details
2
Residential units
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 - Two residences offer distinct layouts, with one unit on a single level and the other arranged across two floors.
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 residential units; 2,465 square feet in a duplex built in 1899; First unit: single‑level layout with 2 bedrooms and 1 bathroom
