Active
19 Days on market
33 Kenwood Ter Springfield — Photo 1 of 41

33 Kenwood Ter Springfield — Photo 1 of 41

$400,000

Investment Analysis — 33 Kenwood Ter

Springfield, MA 01108 — Forest Park

Based on rent reported on the MLS listing, a 2-unit multi-family in 01108 carries $1,675/mo in gross rent — about a 2.48% cap rate and $9,934/yr in estimated NOI at the $400,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

8

Baths

2

SqFt

3,586

Style

2 Family - 2 Units Up/Down

Built

1907

Opportunity takes center stage at 33 Kenwood Terrace, a substantial multifamily property offering eight bedrooms, two bathrooms, and 3,586 square feet of interior space. Designed for buyers who value flexibility, this Springfield residence presents an appealing path to rental income, multigenerational living, or an owner-occupied strategy that helps offset monthly expenses. Across the property, the generous bedroom count creates versatility for household needs, home offices, or additional personal space. The overall footprint offers room to shape each residence around modern routines while preserving the character and scale that make multifamily homes so practical. Investors can appreciate the potential for an income-producing configuration, while first-time multifamily buyers may see an opportunity to build equity and establish a long-term real estate foothold. Location adds another strong advantage. Forest Park is nearby, placing expansive green space, recreation, and neighborhood amenities within easy reach. Bright Nights at Forest Park, a celebrated seasonal Springfield attraction, is also just moments away. Downtown destinations, dining, shopping, and major routes are readily accessible, supporting tenant appeal and day-to-day convenience. For buyers seeking considerable space and income potential at an attractive price point, this new listing deserves attention. Whether you’re expanding a portfolio or planning to live on-site while leasing additional space, the possibilities are compelling. Explore the layout, evaluate the numbers, and envision how this versatile Forest Park-area property can support your goals for years to come.

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.

Property Details

Financials

Original Price$400,000
Annual Taxes$5,342

Parking

Garage2
Off-Street5

Interior Specifications

Total Rooms10
FireplacesNone
FlooringCarpet, Hardwood
BasementFull, Unfinished

Climate & Utilities

HeatingSteam
CoolingWindow Unit(s), None
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBrick/Mortar
ZoningR2

Property & Lot

Acres0.16
SqFt Lot6,939
Lot Features--

Amenities & Appliances

Range • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Highway Access • House of Worship

Geography

Listing Provided By

Listing Agent: Susan Rheaume

Listing Office: Landmark, REALTORS®

MLS® Number: 73567786