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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 2 |
| Living area | 2,600 sqft |
| Lot size | 5,001 sqft |
| Year built | 1925 |
| Price / sqft | $160 |
| County | Hampden |
| MLS # | 73506845 |
Listing status
| Days on market | 4 days |
| Listed on | April 24, 2026 |
Taxes & financials
| Annual property tax | $4,463 |
| Tax year | 2025 |
| Assessed value | $284,600 |
| Zoning | R2 |
| Gross income (actual) | $45,000/yr |
| Net operating income (actual) | $45,000/yr |
| Total actual rent | $4,200/mo |
| Electric expense | $0/yr |
Building & lot
| Stories | 2 |
| Total rooms | 12 |
| Lot size | 0.11 acres |
| Garage spaces | 2 |
| Parking spaces | 4 |
| Parking | Paved Drive, Off Street, Tandem, On Street |
| Basement | Full, Interior Entry, Concrete, Unfinished |
| Foundation | Stone, Brick/Mortar |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Wood, Vinyl / VCT, Hardwood |
Utilities & systems
| Heating | Steam, Oil |
| Cooling | None |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Refrigerator, Range |
Location
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Listing courtesy of Property Investors & Advisors, LLC — Olotu J. Wariebi. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 117-119 Draper St, Springfield MA 01108 have?
It is a 2-unit multi-family property with 2,600 sqft of living area, built in 1925.
How long has 117-119 Draper St, Springfield MA 01108 been on the market?
117-119 Draper St, Springfield MA 01108 has been listed for 4 days (since April 24, 2026).
What is the estimated cap rate on this 2-family in Springfield?
Based on area median rents, the estimated cap rate is about 5.5%, with a Signal Score of 90/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $415,000 across 2 units, that works out to roughly $207,500 per unit.
What are the property taxes on 117-119 Draper St, Springfield MA 01108?
Annual property taxes are $4,463 (2025), on an assessed value of $284,600.
What is the price per square foot?
At $415,000 for 2,600 sqft, that's about $160 per square foot.
Is there parking?
2 garage spaces and 4 total parking spaces (paved drive, off street, tandem, on street).
Where is this property located?
117-119 Draper St, Springfield MA 01108 is in Springfield, Hampden County, MA 01108.
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