Two-Family Property with
New
For Sale
$405,000
17-19 Trinity Terrace, Springfield, MA 01108
Residential Income, Springfield, MA
Property Size2,602 SF
Lot Size0.12 Acres
Price / SF$155.65
Days on Market2
Property Features for 17-19 Trinity Terrace
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 6, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
Parking
5
Elementary school
Sumner Elementary
Middle school
Forest Middle
High school
Springfield High
Directions
I-91 S to Forest Park area, exit toward Sumner Ave, then follow local roads to Trinity Ter.
Subdivision
Forest Park
Standard status
Active
APN
2609497
Size
2,602 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2020
Tax Annual Amount
4706
Amenities
full basement
enclosed porch
off-street parking
one-car garage
storage shed
Building Details
Year built
1913
Floors in Building
2
Number of units
6
Listing Agency:
Keller Williams Realty
Listed By:
Scott Morris
(508) 238-5000
Added: Sep 10
Last Checked: Sep 11 at 2:06AM
MLS# 73575171
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 two-family property at 17-19 Trinity Terrace includes six bedrooms and two full bathrooms across two residential units. The layout includes living and dining areas, a full basement, an enclosed porch, off-street parking, a one-car garage, and a storage shed. Built in 1913, the property is zoned R1 and occupies a 0.1217-acre lot.
The property is situated in Springfield’s Forest Park neighborhood, with public transportation, shopping, schools, medical facilities, major highways, and recreational amenities in the surrounding area. Its two-unit configuration and supporting storage and parking features provide a practical residential income property format.
The property is situated in Springfield’s Forest Park neighborhood, with public transportation, shopping, schools, medical facilities, major highways, and recreational amenities in the surrounding area. Its two-unit configuration and supporting storage and parking features provide a practical residential income property format.
Key Highlights
- Two‑family property with 6 bedrooms and 2 full bathrooms
- 0.1217‑acre lot in Springfield’s Forest Park neighborhood
- Full basement, enclosed porch, and storage shed
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
$34,261
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
8.46%
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%
$685,220
$685.2K
Cap Rate 7%
$489,443
$489.4K
Cap Rate 9%
$380,678
$380.7K
Market Conditions
NOI Build-Up for 2,602 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
$65.6K $25.20/SF
− Vacancy
−$3.3K −$1.26/SF
EGI
$62.3K $23.94/SF
− OpEx
−$28.0K −$10.77/SF
NOI
$34.3K $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%
$685,220
Cap Rate 7%
$489,443
Cap Rate 9%
$380,678
Alternative Uses
Best Use
Multifamily LT 5
$550.2K
$481.4K – $641.9K
NOI $38,514 @ 7.0% cap · market cap 9.51%
Second Best
Apartment 5plus
$489.4K
$428.3K – $571.0K
NOI $34,261 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$706.6K
$618.2K – $824.3K
NOI $49,459 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
781
Businesses Nearby
Explore this area
Business Placement
Demographics for 01108, MA
27,671
Population
11,332
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
81%
High-School Grad
3.4 sq mi
ZIP Area
8,139
Density / Sq Mi
$51,851
Median Household Income
$34,539
Median Earnings
$1,224
Median Rent
$219,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 residential units with flexible layouts, basement storage, enclosed porch, and off-street parking.
Where is this duplex located?
The property is located at 17-19 Trinity Terrace Springfield, MA.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Two‑family property with 6 bedrooms and 2 full bathrooms; 0.1217‑acre lot in Springfield’s Forest Park neighborhood; Full basement, enclosed porch, and storage shed
