What is the estimated cap rate for 132 Grover St, Springfield, MA 01104?

Based on rent reported on the MLS listing, 132 Grover St, Springfield, MA 01104 (2 units) has an estimated 2.33% cap rate at its $415,000 list price, assuming $1,500/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 132 Grover St, Springfield, MA 01104?

The MLS listing reports about $1,500/month in total rent for a 2-unit multi-family in 01104. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

16 Days on market

132 Grover St Springfield — Photo 1 of 27

$415,000

Investment Analysis — 132 Grover St

Springfield, MA 01104

Based on rent reported on the MLS listing, a 2-unit multi-family in 01104 carries $1,500/mo in gross rent — about a 2.33% cap rate and $9,682/yr in estimated NOI at the $415,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,604

Style

2 Family - 2 Units Up/Down

Built

1899

Looking to owner occupy or invest, this updated 2-family has so much to offer! The vacant first floor unit features gleaming hardwood floors, fresh paint, vinyl replacement windows, an updated kitchen, 2 bedrooms and 1 full bath. The second and third floor are one combined unit, currently occupied with a month to month lease. This unit features 5 bedrooms and 1 bathroom, hardwood and vinyl flooring, updated kitchen, and vinyl windows. Additional features include newer vinyl siding, a younger roof, gas heating, detached 2 car garage etc. Book your showing today!

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 MLS and other third-party data may be inaccurate or out of date.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.

Financials

Original Price$415,000

Annual Taxes$3,998

Parking

Garage2

Off-Street8

Interior Specifications

Total Rooms13

FireplacesNone

FlooringHardwood

BasementFull, Unfinished

Climate & Utilities

HeatingForced Air, Natural Gas, Hot Water, Steam

Cooling--

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionFrame

RoofShingle

FoundationBrick/Mortar

ZoningR2

Property & Lot

Acres0.13

SqFt Lot5,449

Lot FeaturesCorner Lot

Amenities & Appliances

Range • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Walk/Jog Trails • Medical Facility • Laundromat • Highway Access

Geography

Listing Provided By

Listing Agent: Ryan Mcdowell

Listing Office: Naples Realty Group

MLS® Number: 73569745