Triplex with Finished
199 Eastern Ave Springfield, MA 01109
199 Eastern Ave, Springfield, MA, 01109
$469,900
For Sale
$469,900
Triplex offering 9 bedrooms and 3 full bathrooms, plus additional finished basement rooms with a full bathroom.
Property Size2,973 SF
Price / SF$158.06
Days on Market77
Property Features for 199 Eastern Ave
General Information
- Standard status
- Active
- Size
- 2,973 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1908
Listing agency
eXp Realty
(617) 898-8828
Listed by
Benny Troncoso · License #9589487
Source
Cjbarrett
Added: May 6 Updated: Jul 21 at 12:26PM Checked: Jul 21 at 12:26PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This triplex-style multifamily property features spacious units totaling 9 bedrooms and 3 full bathrooms. In addition to the main living areas, there are an additional 3 finished rooms and a full bathroom in the basement, offering extra space for expansion or flexible use. Solar panels are also included, and the property is being sold as-is.
The first-floor unit is vacant, providing immediate flexibility for an owner-occupant. The second- and third-floor units are currently occupied by tenants-at-will who are willing to pay market rent from day one. The property is located at 199 Eastern Ave, Springfield, MA 01109.
The first-floor unit is vacant, providing immediate flexibility for an owner-occupant. The second- and third-floor units are currently occupied by tenants-at-will who are willing to pay market rent from day one. The property is located at 199 Eastern Ave, Springfield, MA 01109.
Key Highlights
- Triplex built in 1908 offering 9 bedrooms and 3 full bathrooms across spacious units
- Includes additional 3 finished basement rooms plus a full bathroom, expanding usable living space
- Vacant first‑floor unit provides immediate flexibility for an owner‑occupant while renting upper units
Local 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 | $74.9k | $25.20 |
| − Vacancy | −$3.7k | −$1.26 |
| EGI | $71.2k | $23.94 |
| − OpEx | −$32.0k | −$10.77 |
| NOI | $39.1k | $13.17 |
2,973 SF · lease $25.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$628.7K
$550.1K – $733.4K
NOI $44,006 @ 7.0% cap · market cap 9.36%
Second Best
Apartment 5plus
$559.2K
$489.3K – $652.4K
NOI $39,145 @ 7.0% cap · market cap 8.33%
Theoretical Best
Office A
$807.3K
$706.4K – $941.9K
NOI $56,511 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex offering 9 bedrooms and 3 full bathrooms, plus additional finished basement rooms with a full bathroom.
Where is this triplex located?
The property is located at 199 Eastern Ave Springfield, MA.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Triplex built in 1908 offering 9 bedrooms and 3 full bathrooms across spacious units; Includes additional 3 finished basement rooms plus a full bathroom, expanding usable living space; Vacant first‑floor unit provides immediate flexibility for an owner‑occupant while renting upper units
