What is the estimated cap rate for 312-314 Main Street, Springfield, MA 01151?

Based on rent reported on the MLS listing, 312-314 Main Street, Springfield, MA 01151 (6 units) has an estimated 1.06% cap rate at its $745,000 list price, assuming $1,975/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 312-314 Main Street, Springfield, MA 01151?

The MLS listing reports about $1,975/month in total rent for a 6-unit multi-family in 01151. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

2 Days on market

312-314 Main Street Springfield — Photo 1 of 20

$745,000

Investment Analysis — 312-314 Main Street

Springfield, MA 01151 — Indian Orchard

Based on rent reported on the MLS listing, a 6-unit multi-family in 01151 carries $1,975/mo in gross rent — about a 1.06% cap rate and $7,892/yr in estimated NOI at the $745,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

5,950

Style

5+ Family - 5+ Units Side by Side

Built

1997

This has consistently been a good cash flow property. Tenants pay their own heat (gas) and electric. #314 Main St. is a newer four family built in 1997. Each unit has four rooms two bedrooms and one bath. Rented at $1,500.00 each. All 4 are rented. #312 Main St. is a two family constructed 1914. There is a letter of lead compliance for each unit. Each unit has 5 rooms 3 bedrooms and a large porch. Second floor rented at $1550.00. First floor is being kept vacant for showings. The first 9 photos are #314 Main St. Remaining photos #312 Main Street.Front portion of property zoned business. There is room for a duplex or other business to be built.

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 MLS and other third-party data may be inaccurate or out of date.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$745,000

Annual Taxes$10,120

Parking

Garage0

Off-Street12

Interior Specifications

Total Rooms22

FireplacesNone

FlooringWood, Tile, Varies, Laminate

BasementInterior Entry

Climate & Utilities

HeatingForced Air, Natural Gas

Cooling--

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionFrame

RoofShingle

FoundationConcrete Perimeter, Block

ZoningSR3B1

Property & Lot

Acres0.48

SqFt Lot20,773

Lot Features--

Amenities & Appliances

Range • Refrigerator

Geography

Listing Provided By

Listing Agent: Alfred C. Joyce Jr.

Listing Office: Rose Bud Realty

MLS® Number: 73575245