Two-Family Duplex with Finished
32-34 Dawes St, Springfield, MA 01109
For Sale
$379,000
Two distinct residences include eat-in kitchens, hardwood flooring, and a finished lower level accessible from the first-floor home.
Property Size1,897 SF
Price / SF$161.97
Days on Market18
Property Features for 32-34 Dawes St
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty
(860) 313-0700
Listed By:
Lucy Cordero · License #RES.0803276
(413) 454-8540
Source:
Iverty
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 5:56AM
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
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Investment Insights
Based on property information with market context.
This 2,340-square-foot duplex, built in 1897, contains two separate residences. The first-floor unit has two bedrooms and access to a finished basement with additional usable space. The upper residence spans two levels and includes four bedrooms. Hardwood floors and generously sized eat-in kitchens are features of both units.
The property is at 32-34 Dawes St in Springfield, Massachusetts. Off-street parking is provided.
The property is at 32-34 Dawes St in Springfield, Massachusetts. Off-street parking is provided.
Key Highlights
- Two‑unit property totaling 2,340 square feet
- First‑floor residence has 2 bedrooms and access to a finished basement
- Second‑floor residence offers 4 bedrooms across two levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,636
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,720
$692.7K
Cap Rate 7%
$494,800
$494.8K
Cap Rate 9%
$384,844
$384.8K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$51.9K $22.20/SF
− Vacancy
−$2.5K −$1.05/SF
EGI
$49.5K $21.15/SF
− OpEx
−$14.8K −$6.34/SF
NOI
$34.6K $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%
$692,720
Cap Rate 7%
$494,800
Cap Rate 9%
$384,844
Alternative Uses
Best Use
Multifamily LT 5
$494.8K
$433.0K – $577.3K
NOI $34,636 @ 7.0% cap · market cap 9.14%
Second Best
Apartment 5plus
$440.2K
$385.1K – $513.5K
NOI $30,811 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$635.4K
$556.0K – $741.3K
NOI $44,479 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
715
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
$203,100
Median Home Value
Market
Average Price Trend$/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 include eat-in kitchens, hardwood flooring, and a finished lower level accessible from the first-floor home.
Where is this duplex located?
The property is located at 32-34 Dawes St Springfield, MA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two‑unit property totaling 2,340 square feet; First‑floor residence has 2 bedrooms and access to a finished basement; Second‑floor residence offers 4 bedrooms across two levels
