Side-by-Side
64 Howes St, Springfield, MA 01118
For Sale
$374,000
Both residences are occupied and provide two bedrooms each.
Property Size1,749 SF
Price / SF$213.84
Days on Market24
Property Features for 64 Howes St
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
fenced-in backyard
Building Details
Year Built
Buildings
Listing Agency:
Elite Realty Partners LLC
Listed By:
Michael DelGreco
(413) 239-7471
Source:
Lockandkeyre
Added: Oct 17
Changed: Nov 8
Last Checked: Nov 8 at 5:59AM
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 Elite Realty Partners LLC
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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 1974, this duplex contains two residences with approximately 1,749 square feet of living space combined. Each unit has two bedrooms, electric heat, and access to a slab foundation. The exterior is finished with aluminum siding, and the property includes a fenced backyard and off-street parking.
Both units are occupied, and the property is offered in as-is condition. Shopping, gas stations, major highways, and other local amenities are nearby.
Both units are occupied, and the property is offered in as-is condition. Shopping, gas stations, major highways, and other local amenities are nearby.
Key Highlights
- Approximately 1,749 square feet of combined living space
- Two‑bedroom layout in each residence
- Both units are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,888
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,760
$517.8K
Cap Rate 7%
$369,829
$369.8K
Cap Rate 9%
$287,644
$287.6K
Market Conditions
NOI Build-Up for 1,749 SF
Gross rent
$38.8K $22.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$37.0K $21.15/SF
− OpEx
−$11.1K −$6.34/SF
NOI
$25.9K $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%
$517,760
Cap Rate 7%
$369,829
Cap Rate 9%
$287,644
Alternative Uses
Best Use
Multifamily LT 5
$369.8K
$323.6K – $431.5K
NOI $25,888 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$329.0K
$287.9K – $383.8K
NOI $23,029 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$474.9K
$415.6K – $554.1K
NOI $33,245 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 01118, MA
14,296
Population
5,787
Households
2.5
Avg Household Size
40
Median Age
30%
College-Educated
91%
High-School Grad
3.6 sq mi
ZIP Area
3,971
Density / Sq Mi
$80,906
Median Household Income
$48,486
Median Earnings
$1,220
Median Rent
$243,800
Median Home Value
Market
Average Price Trend$/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 - Both residences are occupied and provide two bedrooms each.
Where is this duplex located?
The property is located at 64 Howes St Springfield, MA.
What is the asking price?
The asking price for this property is $374,000.
What are key features of this property?
This property features: Approximately 1,749 square feet of combined living space; Two‑bedroom layout in each residence; Both units are currently occupied
