Duplex with Detached
52-54 Draper St, Springfield, MA 01108
For Sale
$450,000
Two independent units each contain three bedrooms and one full bath.
Property Size2,600 SF
Price / SF$173.08
Days on Market13
Property Features for 52-54 Draper St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
front porch
fenced private backyard
detached two-car garage
driveway parking
unfinished walk-up attic
Building Details
Year Built
Buildings
Listing Agency:
Century 21 XSELL REALTY
(774) 772-7072
Listed By:
Matilda Asante-Bio
(508) 726-2430
Source:
Lockandkeyre
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 8 at 6:03AM
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 Century 21 XSELL REALTY
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Investment Insights
Based on property information with market context.
This two-family property at 52–54 Draper Street in Springfield contains 2,600 square feet and dates to 1925. Its two units each have three bedrooms and one full bath. Recent work includes updated kitchens and bathrooms, new flooring and paint, and new electrical and plumbing. Utilities are separately metered. A front porch, fenced backyard, driveway, and detached two-car garage serve the property. The unfinished walk-up attic provides additional storage; any future expansion would require applicable approvals.
The property is in Springfield’s Forest Park neighborhood. Its six-bedroom, two-unit configuration is complemented by the garage and outdoor areas, with three bedrooms and one bath in each residence.
The property is in Springfield’s Forest Park neighborhood. Its six-bedroom, two-unit configuration is complemented by the garage and outdoor areas, with three bedrooms and one bath in each residence.
Key Highlights
- Two‑family property with 2,600 square feet
- Two units, each with three bedrooms and one full bath
- Detached two‑car garage and driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,485
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,700
$769.7K
Cap Rate 7%
$549,786
$549.8K
Cap Rate 9%
$427,611
$427.6K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$57.7K $22.20/SF
− Vacancy
−$2.7K −$1.05/SF
EGI
$55.0K $21.15/SF
− OpEx
−$16.5K −$6.34/SF
NOI
$38.5K $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%
$769,700
Cap Rate 7%
$549,786
Cap Rate 9%
$427,611
Alternative Uses
Best Use
Multifamily LT 5
$549.8K
$481.1K – $641.4K
NOI $38,485 @ 7.0% cap · market cap 8.55%
Second Best
Apartment 5plus
$489.1K
$427.9K – $570.6K
NOI $34,234 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$706.0K
$617.8K – $823.7K
NOI $49,421 @ 7.0% cap · market cap 10.98%
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
738
Businesses Nearby
Explore this area
Business Placement
Demographics for 01108, MA
27,671
Population
11,332
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
81%
High-School Grad
3.4 sq mi
ZIP Area
8,139
Density / Sq Mi
$51,851
Median Household Income
$34,539
Median Earnings
$1,224
Median Rent
$219,500
Median Home Value
Market
Average Price Trend$/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 independent units each contain three bedrooms and one full bath.
Where is this duplex located?
The property is located at 52-54 Draper St Springfield, MA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑family property with 2,600 square feet; Two units, each with three bedrooms and one full bath; Detached two‑car garage and driveway parking
