26-28 Parker Street Springfield, MA 01151
Mixed-use property with storefronts and residential units for sale.
Property Features for 26-28 Parker Street
General Information
- Standard status
- Active
- Size
- 1,920 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing office Premier Choice Realty
Listing date Mar 20, 2026
Source Hammondre
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Investment Insights
Based on property information with market context.
Key Highlights
- Multiple income streams from two storefronts and five residential units.
- High gross building area of approximately 9,494 square feet.
- Mixed‑use property with both commercial and residential spaces.
Local Financial Insights For Mixed Use
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 | $46.1k | $24.00 |
| − Vacancy | −$4.6k | −$2.40 |
| EGI | $41.5k | $21.60 |
| − OpEx | −$15.6k | −$8.10 |
| NOI | $25.9k | $13.50 |
