146-148 King Street Springfield — Photo 1 of 42
$359,900
Investment Analysis — 146-148 King Street
Springfield, MA 01109
Based on rent reported on the MLS listing, a 2-unit multi-family in 01109 carries $1,400/mo in gross rent — about a 2.33% cap rate and $8,376/yr in estimated NOI at the $359,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
1,944
Style
2 Family - 2 Units Side by Side
Built
1988
Don't miss this fantastic opportunity to own a side-by-side duplex offering both investment potential and owner-occupant flexibility! Each unit features 2 spacious bedrooms, 1.5 bathrooms, a functional layout, and private basement space for additional storage. Both units are heated with gas and the hot water is electric. Unit #148 is currently occupied by a reliable Section 8 tenant, offering immediate rental income, vacant unit #146 presents an opportunity for additional rental revenue or owner occupancy. The roof is approximately 13 years old, adding peace of mind for future ownership. Shared driveway and off street parking. Conveniently located near shopping centers, schools, restaurants, public transportation, and other everyday amenities, this property combines comfort, convenience, and strong income-producing potential. Whether you're looking to expand your investment portfolio or live in one unit while generating income from the other, this duplex is a must-see!
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 MLS and other third-party data may be inaccurate or out of date.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.
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Listing Agent: Yadira Pacheco
Listing Office: Lock and Key Realty Inc.
MLS® Number: 73563655