Duplex with
New
For Sale
$384,000
76-78 Silver St, Springfield, MA 01107
Two separate living areas feature wood floors, enclosed porches, and access to a fenced yard.
Property Size2,508 SF
Price / SF$153.11
Days on Market2
Property Features for 76-78 Silver St
General Information
Standard status
Active
Size
2,508 SF
Total Parking Spaces
7
Property subtype
Residential Income
Zoning
R2
Net Operating Income
$10,500
Taxes and HOA fees
Annual Taxes
$5,120
Building Details
Building Size
2,508 SF
Year Built
1915
Stories
2
Listing Agency:
Acuna Real Estate
Listed By:
The Acuna Group
(413) 739-5787
Source:
Laerrealty
Added: Oct 7
Last Checked: Oct 7 at 9:05AM
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 Acuna Real Estate
Investment Insights
Based on property information with market context.
This two-family property contains 2,508 square feet and dates to 1915. Interior features include wood flooring, built-in dining room hutches, tin ceilings, and a kitchen with pantry storage. The first-floor bathroom has a tiled finish and a walk-in shower. Basement laundry hookups and an equipment room support the home's household functions, while the walk-up attic includes a finished room and plumbing for a future bathroom. The exterior has aluminum siding, replacement roof, vinyl windows, enclosed front porches, and side porches.
The fenced yard is served by a three-car garage. The property is zoned R2, and lead certificates are available. Hospitals, a park, and highways are nearby.
The fenced yard is served by a three-car garage. The property is zoned R2, and lead certificates are available. Hospitals, a park, and highways are nearby.
Key Highlights
- Two‑family property with 2,508 square feet
- Built in 1915; zoned R2
- Three‑car garage and fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,023
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,460
$660.5K
Cap Rate 7%
$471,757
$471.8K
Cap Rate 9%
$366,922
$366.9K
Market Conditions
NOI Build-Up for 2,508 SF
Gross rent
$63.2K $25.20/SF
− Vacancy
−$3.2K −$1.26/SF
EGI
$60.0K $23.94/SF
− OpEx
−$27.0K −$10.77/SF
NOI
$33.0K $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%
$660,460
Cap Rate 7%
$471,757
Cap Rate 9%
$366,922
Alternative Uses
Best Use
Multifamily LT 5
$530.3K
$464.0K – $618.7K
NOI $37,123 @ 7.0% cap · market cap 9.67%
Second Best
Apartment 5plus
$471.8K
$412.8K – $550.4K
NOI $33,023 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$681.0K
$595.9K – $794.5K
NOI $47,672 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
231
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 separate living areas feature wood floors, enclosed porches, and access to a fenced yard.
Where is this duplex located?
The property is located at 76-78 Silver St Springfield, MA.
What is the asking price?
The asking price for this property is $384,000.
What are key features of this property?
This property features: Two‑family property with 2,508 square feet; Built in 1915; zoned R2; Three‑car garage and fenced yard
