Duplex With Off-Street
For Sale
$349,900
26-28 Daniel St, Springfield, MA 01151
Two-level residential income property with separate basements, on-site paved parking, and one vacant unit ready for occupancy.
Property Size1,728 SF
Price / SF$202.49
Days on Market96
Property Features for 26-28 Daniel St
General Information
Standard status
Active
Size
1,728 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Zoning
R2
Net Operating Income
$14,640
Taxes and HOA fees
Annual Taxes
$4,238
Building Details
Building Size
1,728 SF
Year Built
1983
Stories
6
Listing Agency:
REMAX Executive Realty
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: May 29
Changed: Aug 31
Last Checked: Aug 31 at 2:10PM
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 REMAX Executive Realty
Investment Insights
Based on property information with market context.
This 1983 duplex at 26-28 Daniel St includes 1,728 square feet and two residential units. Each unit features a kitchen with dining space, a bright living room, two upstairs bedrooms, and a full bathroom. Refrigerators, stoves, and washer-and-dryer connections are provided, with the laundry hookups located in separate basements. One unit is vacant and ready for occupancy, while the long-term tenant in the other unit will remain after the sale.
The property includes a paved off-street parking area between the side-by-side duplexes. The larger backyard associated with 26-28 Daniel St provides additional outdoor space. The property is zoned R2 and is located in Springfield, Massachusetts.
The property includes a paved off-street parking area between the side-by-side duplexes. The larger backyard associated with 26-28 Daniel St provides additional outdoor space. The property is zoned R2 and is located in Springfield, Massachusetts.
Key Highlights
- 1,728‑square‑foot duplex built in 1983
- One unit vacant and ready for occupancy
- Long‑term tenant in the other unit to remain with sale
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
$25,578
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
7.31%
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%
$511,560
$511.6K
Cap Rate 7%
$365,400
$365.4K
Cap Rate 9%
$284,200
$284.2K
Market Conditions
NOI Build-Up for 1,728 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
$38.4K $22.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$36.5K $21.15/SF
− OpEx
−$11.0K −$6.34/SF
NOI
$25.6K $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 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%
$511,560
Cap Rate 7%
$365,400
Cap Rate 9%
$284,200
Alternative Uses
Best Use
Multifamily LT 5
$365.4K
$319.7K – $426.3K
NOI $25,578 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$325.0K
$284.4K – $379.2K
NOI $22,753 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$469.2K
$410.6K – $547.4K
NOI $32,846 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 01151, MA
9,150
Population
3,959
Households
2.3
Avg Household Size
34
Median Age
17%
College-Educated
77%
High-School Grad
2.4 sq mi
ZIP Area
3,813
Density / Sq Mi
$57,113
Median Household Income
$39,117
Median Earnings
$1,239
Median Rent
$219,800
Median Home Value
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-level residential income property with separate basements, on-site paved parking, and one vacant unit ready for occupancy.
Where is this duplex located?
The property is located at 26-28 Daniel St Springfield, MA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,728‑square‑foot duplex built in 1983; One unit vacant and ready for occupancy; Long‑term tenant in the other unit to remain with sale
