249-251 College Street Springfield — Photo 1 of 38
$375,000
Investment Analysis — 249-251 College Street
Springfield, MA 01109
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-unit multi-family in 01109 carries an estimated $4,140/mo in gross rent — about a 9.05% cap rate and $33,925/yr in estimated NOI at the $375,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
2.5
SqFt
2,404
Style
2 Family - 2 Units Up/Down
Built
1922
**Great Investment or Owner-Occupant Opportunity!** This spacious multi-family property will be delivered **VACANT AT CLOSING**, offering flexibility for investors or owner-occupants. The first-floor unit features **2 bedrooms, a living room, dining room, kitchen, and large pantry**, with laundry hookups located in the basement. The second and third floors are combined as one expansive unit featuring **6 bedrooms, living room, dining room, kitchen, 1.5 baths, and laundry hookups in the pantry area**. Both units are heated by oil, with electric hot water tanks serving each unit. Both units get serviced yearly by Berkshire Heating & Cooling. The roof is approximately **12 years old**. Conveniently located near public transportation, schools, colleges, and universities, with easy access to local amenities. Don't miss the opportunity to own a versatile multi-family property with substantial living space and excellent potential! Please refer to Special Showing Instructions!!
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 MLS and other third-party data may be inaccurate or out of date.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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Laundromat
Geography
Listing Agent: Yadira Pacheco
Listing Office: Lock and Key Realty Inc.
MLS® Number: 73579602
