Active Under Contract
20 Days on market
71-77 Acton St Springfield — Photo 1 of 42

71-77 Acton St Springfield — Photo 1 of 42

$449,000

Investment Analysis — 71-77 Acton St

Springfield, MA 01151 — Indian Orchard

Based on rent reported on the MLS listing, a 4-unit multi-family in 01151 carries $1,400/mo in gross rent — about a 1.44% cap rate and $6,480/yr in estimated NOI at the $449,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

8

Baths

4

SqFt

4,771

Style

4 Family

Built

1913

INVESTORS TAKE NOTE! First time available after serving multiple generations of the same family, this well-positioned 4-family property, with additional bonus space (once used as a storefront) offers excellent potential for investors, or those looking to add value through updates and improvements. Two units are currently vacant, while two are occupied by month-to-month tenants, providing an opportunity for immediate rental income while allowing a new owner to renovate and reposition the vacant units to maximize future rental potential. Each apartment features an eat-in kitchen, living room, two bedrooms (some with tandem-style layouts), and a full bath. Separate laundry hookups and storage are available for each unit in the basement, with one unit also offering stackable laundry hookups within the apartment. Situated on a spacious corner lot, the property offers ample off-street parking, including a 4-car garage, as well as shared yard space. The upper-level units also enjoy private outdoor deck/balcony areas, and one of the first floor units has ramp accessibility. Recent improvements include four newer gas heating systems and four newer gas water heaters, along with vinyl replacement windows and roof believed to be approximately 25 years old. Conveniently located in Indian Orchard with easy access to public amenities and close proximity to the Wilbraham and Ludlow town lines. This is an excellent opportunity to acquire a multi-family property with multiple income-producing possibilities and significant potential for future value. Property to be sold in as-is condition with tenants in place.

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$449,000
Annual Taxes$6,288

Parking

Garage4
Off-Street14

Interior Specifications

Total Rooms20
FireplacesNone
FlooringWood, Vinyl, Carpet
BasementFull, Interior Entry, Concrete, Unfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningR1

Property & Lot

Acres0.24
SqFt Lot10,350
Lot FeaturesCorner Lot, Level

Neighborhood

Public Transportation • Shopping • Park • Laundromat • House of Worship • Public School

Geography

Listing Provided By

Listing Agent: Angela M. Costello

Listing Office: Coldwell Banker Realty - Western MA

MLS® Number: 73568017