Two-Unit Residential Income
162 Northampton Ave Springfield, MA 01109
New
For Sale
$375,000
MULTI_FAMILY - Springfield, MA
Property Size2,465 SF
Lot Size0.12 Acres
Price / SF$152.13
Days on Market4
Property Features for 162 Northampton Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
6
Bathrooms
2
Rooms
Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2
Parking
2
Standard status
Active
APN
S:09130 P:0028,2598080
Size
2,465 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4146
Building Details
Year built
1899
Floors in Building
3
Number of units
2
Listing Agency:
RE/MAX Synergy
(508) 857-5392
Listed By:
Luis B Martins
(508) 857-5392
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 4:06AM
MLS# 73555117
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a large two-family duplex featuring two fully occupied units. The first unit is a one-level 2-bedroom, 1-bath layout. The second unit is a two-level 4-bedroom, 1-bath configuration. Both units are currently at the end of their one-year leases, and the existing occupants are willing to stay.
The property is located at 162 Northampton Ave in Springfield, Massachusetts. Zoning is listed as R2. Public remarks note the home is across the street from a children’s playground and is close to schools, shopping centers, parks, and walking distance to local amenities.
With a lot size of 0.1174 acres and a property size listed at 2,465 square feet, this duplex is positioned as a straightforward residential income option under its current two-unit configuration.
The property is located at 162 Northampton Ave in Springfield, Massachusetts. Zoning is listed as R2. Public remarks note the home is across the street from a children’s playground and is close to schools, shopping centers, parks, and walking distance to local amenities.
With a lot size of 0.1174 acres and a property size listed at 2,465 square feet, this duplex is positioned as a straightforward residential income option under its current two-unit configuration.
Key Highlights
- 1899‑built 2‑family property with two fully occupied units under 1‑year leases.
- First unit: 1‑level 2‑bedroom, 1‑bath layout.
- Second unit: 2‑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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two fully occupied units in a two-family structure with 2BR/1BA and 4BR/1BA layouts.
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: 1899‑built 2‑family property with two fully occupied units under 1‑year leases.; First unit: 1‑level 2‑bedroom, 1‑bath layout.; Second unit: 2‑level 4‑bedroom, 1‑bath layout.
