
58-60 Morton St West Springfield — Photo 1 of 32
$350,000
Investment Analysis — 58-60 Morton St
West Springfield, MA 01089
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-unit multi-family in 01089 carries an estimated $2,480/mo in gross rent — about a 5.17% cap rate and $18,092/yr in estimated NOI at the $350,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
2,076
Style
Multi Family
Built
1925
Whether you’re exploring an investment opportunity or planning to owner-occupy with additional income potential, this West Side two-family offers timeless character within a mile of parks, shopping, and restaurants, and is also three miles from year-round events, festivals, and entertainment. Both units offer mirror-image layouts that feel comfortably familiar yet distinct, with period details that enhance the home’s appeal. The first-floor entry opens to a welcoming living room framed by a wide cased opening and custom built-ins, flowing easily into the dining room, with a bedroom and bathroom nearby. An eat-in kitchen anchors the back of the unit, providing a practical and inviting space. Upstairs, the second-floor living room features a graceful archway leading to the dining room with its built-in hutch, as well as a bedroom, a bathroom, and another eat-in kitchen mirroring the first-floor layout. Wood floors and ceiling fans run throughout both units, adding warmth and comfort. Outdoor spaces include lower and upper porches plus a back deck which make ideal spots to unwind and enjoy a slower pace at the end of the day. Additional property highlights include a detached one-car garage, partially fenced yard, separate utilities, and basement laundry hookups. Seller shares the following updates: first-floor furnace (2016) and second-floor furnace (2024). With so much to offer, this two-family is well worth a visit!
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.
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Listing Agent: Cheryl Malandrinos
Listing Office: HB Real Estate, LLC
MLS® Number: 73526894