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101-103 Draper St, Springfield MA 01108

$414,900

Estimated $1,089/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $207,450

Total Rent: 46200/year

Estimated CAP Rate:

8 Bedrooms

Baths

2866

Total Parking: 8 (2 Garage)

5,001 (0.11)

*Ask about 1st time home-buyer programs with grants up to $50,000, $500 down payment options, and interest rates in the high 5's* Discover the possibilities at 101-103 Draper Street! Nestled in Springfield's established Forest Park neighborhood, this well-maintained two-family home offers an appealing opportunity for investors and prospective owner-occupants alike. Whether you're looking to expand your investment portfolio, enjoy the benefits of rental income, or accommodate extended family, this property offers space, versatility, and long-term potential. Featuring bright, spacious interiors and established, long-term tenants, the property reflects pride of ownership and thoughtful upkeep. Recent improvements include a new roof (2025), gutters (2026), water heaters (2024), and leased solar panels installed in 2025. Separate gas heating systems and electric meters add to the property's practicality and convenience. Additional finished space offers flexibility for a variety of permitted uses, providing extra room to suit your needs.Outside, enjoy a level yard, charming double-decker front porches, a generous paved driveway, and a detached two-car garage, offering ample off-street parking and outdoor enjoyment. Ideally situated near historic Forest Park, with its scenic walking trails and recreational amenities, the property also offers convenient access to shopping, dining, schools, healthcare facilities, public transportation, and major commuter routes. Combining established rental income, valuable recent improvements, and a convenient neighborhood setting, this is an opportunity worth exploring!

This home has been viewed 5 times

Last Checked: October 22nd, 2026 at 4:33pm (Source: MLS PIN #73593185)

Gross Income: $46,200

Gross Expenses: $4,995

Net Income Calc: $41,205

Water Views

Annual Expenses for 101-103 Draper St, Springfield MA 01108

Total Gross Expenses (Calculated)$4,995/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax4995

Annual Income & Unit Breakdown for 101-103 Draper St, Springfield MA 01108

Total Gross Income (Calculated)$46,200

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms3 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms5

Bathrooms5 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 101-103 Draper St, Springfield MA 01108

Listing ID73593185

Property TypeMulti Family

Price414900 ($144.77/SqFt)

StyleMulti Family

CitySpringfield

CountyHampden

MLS AreaForest Park

Neighborhood(s)

Approximate Living Area Total2866

Approximate Lot Size (Acres)0.11

Total Parking8 (2 Garage)

Garage Parking2

Year Built1924

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 101-103 Draper St, Springfield MA 01108

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceMeasured

ExclusionsSurveillance Devices

Financial Data Source

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 101-103 Draper St, Springfield MA 01108

Real Estate Taxes4995

Tax Year2026

Assessed Value$323,100

Financial Data Source

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 101-103 Draper St, Springfield MA 01108

Elementary SchoolAlice B Beal Elementary School

Middle SchoolForest Park Middle School

High SchoolSpringfield High School

Neighborhood(s)

MLS AreaForest Park

Area AmenitiesWalk/jog Trails

Contact Information for 101-103 Draper St, Springfield MA 01108

Agent

Name: Julie Sor

Office

Name: PRIVI Realty LLC

Phone: 508-468-4329

Team Members

Name: Johnny Hilaire

Payment Calculator

, Interest

Property Taxes 416.25

Principal & Interest 2556.48

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

PRIVI Realty LLC

Julie Sor

Agent Phone

Office Phone

(508) 468-4329

Text Agent Call Agent Call Office

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EXIT

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