What is the estimated cap rate for 50 Stevens St, Springfield, MA 01104?

Based on rent reported on the MLS listing, 50 Stevens St, Springfield, MA 01104 (10 units) has an estimated 8.13% cap rate at its $1,250,000 list price, assuming $12,150/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 50 Stevens St, Springfield, MA 01104?

The MLS listing reports about $12,150/month in total rent for a 10-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

18 Days on market

50 Stevens St Springfield — Photo 1 of 5

$1,250,000

Investment Analysis — 50 Stevens St

Springfield, MA 01104

Based on rent reported on the MLS listing, a 10-unit multi-family in 01104 carries $12,150/mo in gross rent — about a 8.13% cap rate and $101,662/yr in estimated NOI at the $1,250,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,930

Style

5+ Family - 5+ Units Side by Side

Built

1927

Investment opportunity in Springfield! This 10-unit multifamily property offers investors the opportunity to acquire a substantial income-producing asset with additional upside potential. Currently generating strong rental income with opportunities to further improve performance and maximize revenue over time.With 10 units under one roof, this property offers scale and income diversification for an investor looking to expand an existing portfolio or add a larger multifamily asset. Schedule a private showing to tour the property and explore its investment potential.

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 MLS and other third-party data may be inaccurate or out of date.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$1,250,000

Annual Taxes$9,146

Parking

Garage0

Off-Street10

Interior Specifications

Total Rooms20

FireplacesNone

Flooring--

BasementNone

Climate & Utilities

Heating--

Cooling--

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionBrick

RoofRubber

FoundationSlab

ZoningB1

Property & Lot

Acres0.27

SqFt Lot11,744

Lot Features--

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: 73568827