What is the estimated cap rate for 91-93 Malden St, Springfield, MA 01108?

Based on rent reported on the MLS listing, 91-93 Malden St, Springfield, MA 01108 (3 units) has an estimated 3.55% cap rate at its $429,900 list price, assuming $2,170/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 91-93 Malden St, Springfield, MA 01108?

The MLS listing reports about $2,170/month in total rent for a 3-unit multi-family in 01108. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

11 Days on market

$429,900

Investment Analysis — 91-93 Malden St

Springfield, MA 01108

Based on rent reported on the MLS listing, a 3-unit multi-family in 01108 carries $2,170/mo in gross rent — about a 3.55% cap rate and $15,258/yr in estimated NOI at the $429,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,902

Style

3 Family

Built

1924

Well-maintained multifamily property offering an excellent opportunity for both investors and owner-occupants. The property features three units, including a spacious first-floor unit with 3 bedrooms, a second-floor unit with 2 bedrooms, and a third-floor unit with 1 bedroom. Two units are currently vacant, providing a great opportunity for an owner-occupant or allowing a new investor to select tenants and establish market rents. The first-floor tenant currently rents the garage, providing additional income potential. With a strong rental layout, flexible occupancy options, and a history of good maintenance, this property is a great opportunity to generate income and build long-term equity.

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 MLS and other third-party data may be inaccurate or out of date.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$429,900

Annual Taxes$4,532

Parking

Garage1

Off-Street3

Interior Specifications

Total Rooms14

Fireplaces1

FlooringWood, Vinyl

BasementNone

Climate & Utilities

Heating--

Cooling--

WaterPublic

SewerPublic Sewer

Building & Exterior

Construction--

RoofShingle

FoundationStone

ZoningR2

Property & Lot

Acres0.12

SqFt Lot5,027

Lot FeaturesCorner Lot

Geography

Listing Provided By

Listing Agent: Paul Hernandez

Listing Office: Five Stars Realty LLC

MLS® Number: 73571371