Well-Maintained Duplex with Two-Car
For Sale
$350,000
43-45 Gold St, Springfield, MA 01107
Two residential units feature hardwood floors, open living areas, sitting porches, and access to a private backyard.
Property Size2,376 SF
Price / SF$147.31
Days on Market12
Property Features for 43-45 Gold St
General Information
Standard status
Active
Size
2,376 SF
Total Parking Spaces
8
Property subtype
Residential Income
Zoning
R2
Additional Details
Asking Price
$350,000
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,823
Building Details
Building Size
2,376 SF
Year Built
1921
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices Realty Professionals
Listed By:
Chester J Ardolino · License #906177
(413) 221-0310
Source:
413realestate
Added: Sep 16
Changed: Sep 20
Last Checked: Sep 26 at 4:34AM
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 Berkshire Hathaway HomeServices Realty Professionals
Investment Insights
Based on property information with market context.
Built in 1921, this 2,376-square-foot duplex contains two residential units with hardwood flooring, open living areas, and sitting porches. The property includes a private backyard, solid front porches, and a large two-car garage. Exterior updates include a newer roof, replacement windows, and siding. The second-floor unit is vacant, offering an owner-occupant the opportunity to live on site while leasing the other unit or allowing an investor to place a new tenant.
Located at 43-45 Gold St in Springfield, the property sits in a residential neighborhood surrounded by owner-occupied homes. Access to I-291, I-91, and the Massachusetts Turnpike connects the property with destinations throughout Western Massachusetts, including Worcester and the Greater Boston area. R2 zoning supports its residential duplex configuration.
Located at 43-45 Gold St in Springfield, the property sits in a residential neighborhood surrounded by owner-occupied homes. Access to I-291, I-91, and the Massachusetts Turnpike connects the property with destinations throughout Western Massachusetts, including Worcester and the Greater Boston area. R2 zoning supports its residential duplex configuration.
Key Highlights
- 2,376‑square‑foot duplex built in 1921
- Two residential units with hardwood flooring and open living areas
- Second‑floor unit is currently vacant
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
$31,285
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
8.94%
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%
$625,700
$625.7K
Cap Rate 7%
$446,929
$446.9K
Cap Rate 9%
$347,611
$347.6K
Market Conditions
NOI Build-Up for 2,376 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
$59.9K $25.20/SF
− Vacancy
−$3.0K −$1.26/SF
EGI
$56.9K $23.94/SF
− OpEx
−$25.6K −$10.77/SF
NOI
$31.3K $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 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%
$625,700
Cap Rate 7%
$446,929
Cap Rate 9%
$347,611
Alternative Uses
Best Use
Multifamily LT 5
$502.4K
$439.6K – $586.2K
NOI $35,169 @ 7.0% cap · market cap 10.05%
Second Best
Apartment 5plus
$446.9K
$391.1K – $521.4K
NOI $31,285 @ 7.0% cap · market cap 8.94%
Theoretical Best
Office A
$645.2K
$564.5K – $752.7K
NOI $45,163 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,310
Businesses Nearby
Explore this area
Business Placement
Demographics for 01107, MA
11,252
Population
4,534
Households
2.5
Avg Household Size
32
Median Age
14%
College-Educated
65%
High-School Grad
1.5 sq mi
ZIP Area
7,501
Density / Sq Mi
$31,969
Median Household Income
$31,543
Median Earnings
$963
Median Rent
$215,500
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 residential units feature hardwood floors, open living areas, sitting porches, and access to a private backyard.
Where is this duplex located?
The property is located at 43-45 Gold St Springfield, MA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,376‑square‑foot duplex built in 1921; Two residential units with hardwood flooring and open living areas; Second‑floor unit is currently vacant
