Updated Duplex with Separate
18 Vassar St, Springfield, MA 01109
For Sale
New
$357,900
Residential Income, Springfield, MA
Property Size2,136 SF
Lot Size0.15 Acres
Price / SF$167.56
Days on Market2
Property Features for 18 Vassar St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
front porch
deck
enclosed porch
laundry hook-ups
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Keller Williams Realty
(413) 642-8650
Listed By:
Laura Stevens
(413) 565-5478
Added: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 73601775
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.
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Investment Insights
Based on property information with market context.
This R1-zoned duplex contains 2,136 square feet across two updated units. Each residence includes two bedrooms, a living room, and a dining room. The first-floor unit has a large kitchen with maple cabinetry, sliders to a deck, and an enclosed porch. The second-floor residence features updated cabinetry and a bathroom, along with its own deck. Replacement windows and doors are present in many areas, and some rooms have been freshly painted.
The basement has laundry hookups for both units, separate utilities, and two stairways that lead out to the yard. A rebuilt rear staircase has Trex-style decking. The property occupies a 0.154-acre lot and was built in 1897. Its setting is described as near colleges, hospitals, and highway access.
The basement has laundry hookups for both units, separate utilities, and two stairways that lead out to the yard. A rebuilt rear staircase has Trex-style decking. The property occupies a 0.154-acre lot and was built in 1897. Its setting is described as near colleges, hospitals, and highway access.
Key Highlights
- Two units, each with two bedrooms, a living room, and a dining room
- 2,136 square feet on a 0.154‑acre lot
- Separate utilities and laundry hookups for both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,617
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,340
$632.3K
Cap Rate 7%
$451,671
$451.7K
Cap Rate 9%
$351,300
$351.3K
Market Conditions
NOI Build-Up for 2,136 SF
Gross rent
$47.4K $22.20/SF
− Vacancy
−$2.3K −$1.05/SF
EGI
$45.2K $21.15/SF
− OpEx
−$13.6K −$6.34/SF
NOI
$31.6K $14.80/SF
Area
Springfield, MA
Vacancy
4.75%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,340
Cap Rate 7%
$451,671
Cap Rate 9%
$351,300
Alternative Uses
Best Use
Multifamily LT 5
$451.7K
$395.2K – $527.0K
NOI $31,617 @ 7.0% cap · market cap 8.83%
Second Best
Apartment 5plus
$401.8K
$351.6K – $468.8K
NOI $28,125 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$580.0K
$507.5K – $676.7K
NOI $40,601 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
870
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
$203,100
Median Home Value
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Market
Average Price Trend$/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 - Two distinct residences each offer two bedrooms, dining and living rooms, and private outdoor space.
Where is this duplex located?
The property is located at 18 Vassar St Springfield, MA.
What is the asking price?
The asking price for this property is $357,900.
What are key features of this property?
This property features: Two units, each with two bedrooms, a living room, and a dining room; 2,136 square feet on a 0.154‑acre lot; Separate utilities and laundry hookups for both residences
