Two-Family
328-330 Chapin Terr, Springfield, MA 01104
For Sale
$385,000
Fully leased residential property with updated roof, windows, and mechanical systems.
Property Size1,924 SF
Price / SF$146.05
Days on Market20
Property Features for 328-330 Chapin Terr
General Information
Standard status
Size
Property subtype
Occupancy
Lease Term
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Naples Realty Group
(413) 650-1314
Listed By:
Francis Beaulieu
(413) 246-0586
Source:
Iverty
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 8 at 5:54AM
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 Naples Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-family property contains 2,636 square feet and was built in 1924. The building has received updates to its roof, windows, and mechanical systems, and both units are leased.
Key Highlights
- Two‑family residential property
- 2,636 square feet
- Built in 1924
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,708
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,160
$694.2K
Cap Rate 7%
$495,829
$495.8K
Cap Rate 9%
$385,644
$385.6K
Market Conditions
NOI Build-Up for 2,636 SF
Gross rent
$66.4K $25.20/SF
− Vacancy
−$3.3K −$1.26/SF
EGI
$63.1K $23.94/SF
− OpEx
−$28.4K −$10.77/SF
NOI
$34.7K $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%
$694,160
Cap Rate 7%
$495,829
Cap Rate 9%
$385,644
Alternative Uses
Best Use
Multifamily LT 5
$557.4K
$487.7K – $650.3K
NOI $39,018 @ 7.0% cap · market cap 10.13%
Second Best
Apartment 5plus
$495.8K
$433.9K – $578.5K
NOI $34,708 @ 7.0% cap · market cap 9.02%
Theoretical Best
Office A
$715.8K
$626.3K – $835.1K
NOI $50,105 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,573
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
$210,800
Median Home Value
Market
Average Price Trend$/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 - Fully leased residential property with updated roof, windows, and mechanical systems.
Where is this duplex located?
The property is located at 328-330 Chapin Terr Springfield, MA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two‑family residential property; 2,636 square feet; Built in 1924
