1386-1388 Worcester St Springfield — Photo 1 of 38
Recent Drop: $31,000
$398,000
Investment Analysis — 1386-1388 Worcester St
Springfield, MA 01151
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-unit multi-family in 01151 carries an estimated $3,740/mo in gross rent — about a 7.37% cap rate and $29,333/yr in estimated NOI at the $398,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,886
Style
2 Family - 2 Units Up/Down
Built
1900
IMMEDIATE OCCUPANCY! Whether you’re looking to expand your investment portfolio or occupy one unit while generating rental income from the other, this two-family property offers plenty of possibilities. Each unit features 2 bedrooms, a living room, dining area, full bath, and a kitchen with stone countertops. Both units have their own porches providing outdoor space to enjoy. The unfinished walk up third floor includes three additional rooms, offering an opportunity for added living area, a home office, bedrooms, or storage. Off-street parking is conveniently located in the rear of the property. Major improvements include a roof approximately 6–7 years old and heating systems and mechanicals that are approximately 2–3 years old. Located near shopping, restaurants, parks, public transportation, and major routes, this property is ready for its next owner. Open House Saturday, June 27th from 11:30am-1:00pm.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator
Geography
Property History
$398,000
Was $419,000
Sep 19, 2026
MLS® 73540866
$419,000
Was $429,000
Aug 4, 2026
MLS® 73540866
$429,000
Jun 24, 2026
MLS® 73540866
Listing Agent: Marisol Franco
Listing Office: Coldwell Banker Realty - Western MA
MLS® Number: 73540866
