Two-Unit Residential Income
For Sale
$319,900
Pending
278-280 Page Blvd, Springfield, MA 01104
Well-kept duplex with two leased two-bedroom units, hardwood floors, gas heat, and a two-car garage.
Property Size2,106 SF
Days on Market117
Property Features for 278-280 Page Blvd
General Information
Standard status
Pending
Size
2,106 SF
Total Parking Spaces
4
Property subtype
Contingent
Zoning
R2
Net Operating Income
$17,400
Taxes and HOA fees
Annual Taxes
$4,475
Building Details
Building Size
2,106 SF
Year Built
1925
Stories
2
Listing Agency:
Keller Williams Realty
(413) 565-5478
Listed By:
Fred Miller · License #9538878
(413) 478-1153
Source:
Churchillprop
Added: Jun 11
Changed: Oct 1
Last Checked: Oct 4 at 7:11AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This well-maintained two-family home provides two separate two-bedroom units. Each unit features hardwood floors, a bright living room, gas heat, and a sun-filled dining area, offering a functional layout for everyday living. The property also includes a two-car garage along with additional off-street parking.
Conveniently located in a central area, the home is about one traffic light from Highway 291, supporting straightforward commuting. Nearby are shopping, restaurants, churches, and everyday amenities. BikeScore is 49 (somewhat bikeable), WalkScore is 75 (very walkable), and TransitScore is 46 (some transit). No showings are available until an Open House on Sunday, June 14, 2026 from 12:00 PM to 1:30 PM.
The units are fully rented, including one tenant who has been in place for over 25 years, which can appeal to buyers seeking a turnkey income setup. With two well-specified units, the property may fit investors looking for a straightforward duplex structure or an owner-occupant who wants rental income alongside a residential unit.
Conveniently located in a central area, the home is about one traffic light from Highway 291, supporting straightforward commuting. Nearby are shopping, restaurants, churches, and everyday amenities. BikeScore is 49 (somewhat bikeable), WalkScore is 75 (very walkable), and TransitScore is 46 (some transit). No showings are available until an Open House on Sunday, June 14, 2026 from 12:00 PM to 1:30 PM.
The units are fully rented, including one tenant who has been in place for over 25 years, which can appeal to buyers seeking a turnkey income setup. With two well-specified units, the property may fit investors looking for a straightforward duplex structure or an owner-occupant who wants rental income alongside a residential unit.
Key Highlights
- Well‑kept 2‑family home built in 1925 with two leased 2‑bedroom units
- Each unit features hardwood floors, a bright living room, gas heat, and a sun‑filled dining room
- Two‑car garage plus additional off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,730
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,600
$554.6K
Cap Rate 7%
$396,143
$396.1K
Cap Rate 9%
$308,111
$308.1K
Market Conditions
NOI Build-Up for 2,106 SF
Gross rent
$53.1K $25.20/SF
− Vacancy
−$2.7K −$1.26/SF
EGI
$50.4K $23.94/SF
− OpEx
−$22.7K −$10.77/SF
NOI
$27.7K $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%
$554,600
Cap Rate 7%
$396,143
Cap Rate 9%
$308,111
Alternative Uses
Best Use
Multifamily LT 5
$445.3K
$389.7K – $519.6K
NOI $31,173 @ 7.0% cap · market cap 9.74%
Second Best
Apartment 5plus
$396.1K
$346.6K – $462.2K
NOI $27,730 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$571.9K
$500.4K – $667.2K
NOI $40,031 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
Explore this area
Business Placement
Demographics for 01104, MA
23,598
Population
9,562
Households
2.5
Avg Household Size
38
Median Age
13%
College-Educated
77%
High-School Grad
5.2 sq mi
ZIP Area
4,538
Density / Sq Mi
$47,530
Median Household Income
$37,463
Median Earnings
$1,004
Median Rent
$210,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Well-kept duplex with two leased two-bedroom units, hardwood floors, gas heat, and a two-car garage.
Where is this duplex located?
The property is located at 278-280 Page Blvd Springfield, MA.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Well‑kept 2‑family home built in 1925 with two leased 2‑bedroom units; Each unit features hardwood floors, a bright living room, gas heat, and a sun‑filled dining room; Two‑car garage plus additional off‑street parking
