Triplex Property with Renovated
For Sale
$379,900
52 Acushnet Ave, Springfield, MA 01105
Fully occupied multifamily property with a renovated third-floor apartment and access to nearby shopping, schools, transit, parks, and highways.
Property Size2,640 SF
Price / SF$143.90
Days on Market83
Property Features for 52 Acushnet Ave
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,711
Listing Agency:
Gallagher Real Estate
(413) 505-4669
Listed By:
Paulo Villegas · License #9554294
(413) 505-4669
Source:
Exprealty
Added: Jun 11
Changed: Aug 31
Last Checked: Aug 31 at 4:07PM
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 Gallagher Real Estate
Investment Insights
Based on property information with market context.
Located at 52 Acushnet Ave in Springfield, this 2,640-square-foot triplex property includes two primary residential units, each with 3 bedrooms and 1 full bathroom. A finished third-floor apartment has been fully renovated, adding another residential component to the building.
The property is fully occupied and positioned near shopping, schools, public transportation, parks, and major highways. Its existing configuration provides multiple residential spaces within one multifamily asset, with the renovated upper-level apartment serving as a notable improvement.
The property is fully occupied and positioned near shopping, schools, public transportation, parks, and major highways. Its existing configuration provides multiple residential spaces within one multifamily asset, with the renovated upper-level apartment serving as a notable improvement.
Key Highlights
- 2,640‑square‑foot triplex property at 52 Acushnet Ave, Springfield, MA
- Two units with 3 bedrooms and 1 full bathroom each
- Fully renovated finished third‑floor apartment
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
$34,761
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
9.15%
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%
$695,220
$695.2K
Cap Rate 7%
$496,586
$496.6K
Cap Rate 9%
$386,233
$386.2K
Market Conditions
NOI Build-Up for 2,640 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
$66.5K $25.20/SF
− Vacancy
−$3.3K −$1.26/SF
EGI
$63.2K $23.94/SF
− OpEx
−$28.4K −$10.77/SF
NOI
$34.8K $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%
$695,220
Cap Rate 7%
$496,586
Cap Rate 9%
$386,233
Alternative Uses
Best Use
Multifamily LT 5
$558.2K
$488.5K – $651.3K
NOI $39,077 @ 7.0% cap · market cap 10.29%
Second Best
Apartment 5plus
$496.6K
$434.5K – $579.4K
NOI $34,761 @ 7.0% cap · market cap 9.15%
Theoretical Best
Office A
$716.9K
$627.3K – $836.4K
NOI $50,181 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,972
Businesses Nearby
Explore this area
Business Placement
Demographics for 01105, MA
12,051
Population
5,554
Households
2.2
Avg Household Size
33
Median Age
8%
College-Educated
64%
High-School Grad
1.2 sq mi
ZIP Area
10,043
Density / Sq Mi
$22,994
Median Household Income
$24,078
Median Earnings
$976
Median Rent
$238,400
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?
Triplex - Fully occupied multifamily property with a renovated third-floor apartment and access to nearby shopping, schools, transit, parks, and highways.
Where is this triplex located?
The property is located at 52 Acushnet Ave Springfield, MA.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 2,640‑square‑foot triplex property at 52 Acushnet Ave, Springfield, MA; Two units with 3 bedrooms and 1 full bathroom each; Fully renovated finished third‑floor apartment
