Duplex with Detached
New
For Sale
$399,900
612-614 Armory Street, Springfield, MA 01104
The two-family property will be delivered vacant and has separate electric and gas service.
Property Size2,576 SF
Price / SF$155.24
Days on Market7
Property Features for 612-614 Armory Street
General Information
Standard status
Active
Size
2,576 SF
Total Parking Spaces
2
Property subtype
Multi-family
Site & Location
Neighborhood
Liberty Heights
Utilities to Site
Yes
Units
Multifamily Units
2
Individually Metered Utilities
electricity, gas
Amenities
concrete rear patio
Building Details
Year Built
1923
Listing Agency:
Coldwell Banker Realty - Western MA
Listed By:
Brian Weiner · License #452518107
(860) 836-7477
Source:
Taylorrealtors
Added: Oct 24
Changed: Oct 30
Last Checked: Oct 30 at 1:39PM
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 Coldwell Banker Realty - Western MA
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1923, this 2,576-square-foot duplex has hardwood flooring, replacement windows, and a new roof. A detached two-car garage, driveway, and concrete patio provide additional on-site features. Separate electric and gas service supports the two-family configuration, and the property will be delivered vacant.
Van Horn Park is across the street. The property is located at 612-614 Armory Street in Springfield, Massachusetts.
Van Horn Park is across the street. The property is located at 612-614 Armory Street in Springfield, Massachusetts.
Key Highlights
- 2,576‑square‑foot duplex built in 1923
- Detached two‑car garage and driveway
- New roof and replacement windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,918
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,360
$678.4K
Cap Rate 7%
$484,543
$484.5K
Cap Rate 9%
$376,867
$376.9K
Market Conditions
NOI Build-Up for 2,576 SF
Gross rent
$64.9K $25.20/SF
− Vacancy
−$3.2K −$1.26/SF
EGI
$61.7K $23.94/SF
− OpEx
−$27.8K −$10.77/SF
NOI
$33.9K $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%
$678,360
Cap Rate 7%
$484,543
Cap Rate 9%
$376,867
Alternative Uses
Best Use
Multifamily LT 5
$544.7K
$476.6K – $635.5K
NOI $38,130 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$484.5K
$424.0K – $565.3K
NOI $33,918 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$699.5K
$612.1K – $816.1K
NOI $48,965 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
737
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-family property will be delivered vacant and has separate electric and gas service.
Where is this duplex located?
The property is located at 612-614 Armory Street Springfield, MA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,576‑square‑foot duplex built in 1923; Detached two‑car garage and driveway; New roof and replacement windows
