What is the estimated cap rate for 24 Dickinson St., Springfield, MA 01108?

Based on rent reported on the MLS listing, 24 Dickinson St., Springfield, MA 01108 (4 units) has an estimated 8.34% cap rate at its $569,900 list price, assuming $5,900/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 24 Dickinson St., Springfield, MA 01108?

The MLS listing reports about $5,900/month in total rent for a 4-unit multi-family in 01108. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

2 Days on market

24 Dickinson St. Springfield — Photo 1 of 25

$569,900

Investment Analysis — 24 Dickinson St.

Springfield, MA 01108

Based on rent reported on the MLS listing, a 4-unit multi-family in 01108 carries $5,900/mo in gross rent — about a 8.34% cap rate and $47,520/yr in estimated NOI at the $569,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,201

Style

4 Family

Built

1922

*** GROUP SHOWING SUNDAY SEPT. 13TH 4:30PM*** Opportunity awaits at 24 Dickinson St! Conveniently Located in Springfield's desirable Forest Park neighborhood, this spacious 4-family property offers an excellent opportunity for investors or owner-occupants looking to build their real estate portfolio. Each of the four units features 3 bedrooms and 1 full bath, providing a desirable and versatile layout across this two-level property. The units offer comfortable living spaces, well-appointed kitchens, tiled baths, and plenty of natural light. Roof is only 3 years old, newer furnaces. This is a substantial multi-family property with strong income-producing potential. Don't miss the opportunity to add this four-unit property to your investment portfolio or explore the possibilities of owner occupancy! All four units are currently rented below market rents, offering significant potential for future income growth.

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$569,900

Annual Taxes$6,288

Parking

Garage0

Off-Street2

Interior Specifications

Total Rooms24

FireplacesNone

Flooring--

BasementFull

Climate & Utilities

Heating--

Cooling--

WaterPublic

SewerPublic Sewer

Building & Exterior

Construction--

Roof--

FoundationBlock, Stone

ZoningR3

Property & Lot

Acres0.11

SqFt Lot4,975

Lot FeaturesCorner Lot, Level

Geography

Listing Provided By

Listing Agent: Euridices Dolores Dejesus

Listing Office: StartPoint Realty

MLS® Number: 73576245