11-13 Palmyra St Springfield — Photo 1 of 42
$369,000
Investment Analysis — 11-13 Palmyra St
Springfield, MA 01118
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-unit multi-family in 01118 carries an estimated $3,490/mo in gross rent — about a 7.59% cap rate and $28,022/yr in estimated NOI at the $369,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,776
Style
Multi Family
Built
1935
There is more than meets the eye with this fully vacant, turnkey two-family home located in Springfield’s desirable East Forest Park neighborhood. The right side unit spans the first and second floors, featuring a kitchen and living room on the main level with two bedrooms and a full bathroom upstairs. The left side unit offers one bedroom, a living room, and convenient single-level living. Outside, enjoy a backyard deck with plenty of space to relax or entertain. The clean, freshly painted basement has access from both units and provides excellent storage along with potential for additional usable space. With both units vacant, this property is ready for an owner-occupant or investor to make it their own.
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 MLS and other third-party data may be inaccurate or out of date.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 • Dishwasher • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Laundromat • House of Worship • Private School
Geography
Listing Agent: Patriot Living Group
Listing Office: Lock and Key Realty Inc.
MLS® Number: 73572236