Two-Family Duplex with
171 Northampton Ave, Springfield, MA 01109
For Sale
New
$449,987
Separate utility systems and gas-fired heat and hot water support independent operation of the two residences.
Property Size1,910 SF
Price / SF$150.60
Days on Market5
Property Features for 171 Northampton Ave
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Neighborhood
Highway Access
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Hampden Realty Center, LLC
(413) 507-2988
Listed By:
Bill Nichols · License #452508723
(413) 887-8816
Source:
Iverty
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 5:26AM
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 Hampden Realty Center, LLC
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Investment Insights
Based on property information with market context.
This 2,988-square-foot duplex, built in 1910, contains two residences. The upper apartment spans two floors and offers five bedrooms and 1.5 baths; its recent updates include a kitchen with a center island, granite counters and stainless steel appliances, along with hardwood flooring and refreshed bathrooms. The first-floor residence has also received kitchen and bathroom improvements. Recent exterior work includes new siding and a roof, and an oversized garage provides vehicle and storage space.
Each residence has separate utilities, with gas heat and gas hot water. The property is near Springfield College and offers access to highways and downtown Springfield.
Each residence has separate utilities, with gas heat and gas hot water. The property is near Springfield College and offers access to highways and downtown Springfield.
Key Highlights
- Two‑family property with 2,988 square feet; built in 1910
- Upper residence spans two floors and has 5 bedrooms and 1.5 baths
- Oversized garage offers vehicle and storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,343
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$786,860
$786.9K
Cap Rate 7%
$562,043
$562.0K
Cap Rate 9%
$437,144
$437.1K
Market Conditions
NOI Build-Up for 2,988 SF
Gross rent
$75.3K $25.20/SF
− Vacancy
−$3.8K −$1.26/SF
EGI
$71.5K $23.94/SF
− OpEx
−$32.2K −$10.77/SF
NOI
$39.3K $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 Rate 5%
$786,860
Cap Rate 7%
$562,043
Cap Rate 9%
$437,144
Alternative Uses
Best Use
Multifamily LT 5
$631.8K
$552.9K – $737.1K
NOI $44,228 @ 7.0% cap · market cap 9.83%
Second Best
Apartment 5plus
$562.0K
$491.8K – $655.7K
NOI $39,343 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$811.4K
$710.0K – $946.6K
NOI $56,796 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
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
$203,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Springfield, MA
Properties on Market for Duplexes in Springfield
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility systems and gas-fired heat and hot water support independent operation of the two residences.
Where is this duplex located?
The property is located at 171 Northampton Ave Springfield, MA.
What is the asking price?
The asking price for this property is $449,987.
What are key features of this property?
This property features: Two‑family property with 2,988 square feet; built in 1910; Upper residence spans two floors and has 5 bedrooms and 1.5 baths; Oversized garage offers vehicle and storage space
