What is the estimated cap rate for 156-158 Santa Barbara St, Springfield, MA 01104?

Based on rent reported on the MLS listing, 156-158 Santa Barbara St, Springfield, MA 01104 (2 units) has an estimated 3.03% cap rate at its $364,999 list price, assuming $1,650/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 156-158 Santa Barbara St, Springfield, MA 01104?

The MLS listing reports about $1,650/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

2 Days on market

156-158 Santa Barbara St Springfield — Photo 1 of 10

$364,999

Investment Analysis — 156-158 Santa Barbara St

Springfield, MA 01104

Based on rent reported on the MLS listing, a 2-unit multi-family in 01104 carries $1,650/mo in gross rent — about a 3.03% cap rate and $11,067/yr in estimated NOI at the $364,999 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,776

Style

2 Family - 2 Units Up/Down

Built

1968

Welcome to Santa Barbara St in Springfield! This fully remodeled two-family offers a great opportunity for both investors and owner-occupants. Both units have been updated throughout, providing a clean, modern feel with move-in-ready interiors. One unit will be delivered vacant at closing, creating the perfect opportunity to house hack, choose your own tenant, or immediately take advantage of market rental potential. Each unit is separately metered, helping keep ownership expenses manageable. The property also offers off-street parking and convenient access to major highways and the Mass Pike, making commuting throughout Western Massachusetts and beyond easy.

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$364,999

Annual Taxes$3,981

Parking

Garage0

Off-Street2

Interior Specifications

Total Rooms11

FireplacesNone

Flooring--

BasementNone

Climate & Utilities

HeatingElectric

Cooling--

WaterPublic

SewerPublic Sewer

Building & Exterior

Construction--

RoofShingle

FoundationOther

ZoningR1

Property & Lot

Acres0.11

SqFt Lot5,001

Lot FeaturesCleared

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat

Geography

Listing Provided By

Listing Agent: Raquel Medina

Listing Office: Lock and Key Realty Inc.

MLS® Number: 73575843