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117-119 Draper St, Springfield MA 01108

$405,000

Estimated $1,029/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $202,500

Total Rent: 45000/year

Estimated CAP Rate:

6 Bedrooms

Baths

2600

Total Parking: 6 (2 Garage)

5,001 (0.11)

Fully occupied and actively cash flowing, this substantial two-family in the desirable Forest Park neighborhood is the kind of investment that's hard to find and harder to pass up.Both units are generously sized, featuring separate living rooms, dining rooms, and kitchens finished with hardwood flooring — the kind of space tenants stay in long-term. Each unit has two entrances, including a private one, giving residents a sense of home rather than just a rental.The first-floor unit opens onto a welcoming front porch, while the second floor has a side entrance and boast an enclosed porch off the living room ideal for year-round enjoyment. Out back, a fully fenced yard offers tenants a private space to relax, play, or entertain.The vinyl siding, updated windows, two independent oil boilers, and two gas hot water tanks one per unit, keeps utility management clean and simple.

This home has been viewed 8 times

Last Checked: June 17th, 2026 at 5:03am (Source: MLS PIN #73506845)

Gross Income: $45,000

Gross Expenses: $4,463

Net Income Calc: $40,537

Water Views

Annual Expenses for 117-119 Draper St, Springfield MA 01108

Total Gross Expenses (Calculated)$4,463/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax4463

Annual Income & Unit Breakdown for 117-119 Draper St, Springfield MA 01108

Total Gross Income (Calculated)$45,000

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 117-119 Draper St, Springfield MA 01108

Listing ID73506845

Property TypeMulti Family

Price405000 ($155.77/SqFt)

StyleMulti Family

CitySpringfield

CountyHampden

MLS AreaForest Park

Neighborhood(s)

Approximate Living Area Total2600

Approximate Lot Size (Acres)0.11

Total Parking6 (2 Garage)

Garage Parking2

Year Built1925

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 117-119 Draper St, Springfield MA 01108

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsTenants Washer And Dryer In The Basement.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 117-119 Draper St, Springfield MA 01108

Real Estate Taxes4463

Tax Year2025

Assessed Value$284,600

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 117-119 Draper St, Springfield MA 01108

Neighborhood(s)

MLS AreaForest Park

Area AmenitiesWalk/jog Trails

Contact Information for 117-119 Draper St, Springfield MA 01108

Agent

Name: Olotu J. Wariebi

Office

Name: Property Investors & Advisors, LLC

Phone: 774-413-0272

Payment Calculator

, Interest

Property Taxes 371.92

Principal & Interest 2495.48

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Property Investors & Advisors, LLC

Olotu J. Wariebi

Agent Phone

Office Phone

(774) 413-0272

Text Agent Call Agent Call Office

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EXIT

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