Investment Analysis — 122 Fort Pleasant Ave

Springfield, MA 01108

Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 1 vacant unit, a 3-unit multi-family in 01108 carries an estimated $5,245/mo in gross rent — about a 8.19% cap rate and $42,199/yr in estimated NOI at the $515,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,841

Style

3 Family

Built

1910

Great opportunity to own a refreshed three-family property with immediate income! First floor and third floor units are currently rented, while the second floor unit is vacant and ready for occupancy. Units have been refreshed, with fresh paint, updated baths and kitchens and flooring. Common hallways also have been freshly painted and have refreshed flooring. The property also features two newer water heaters and a brand new heat pump for the 3rd floor unit. Exterior improvements include newly painted exterior surfaces, with all porches freshly painted as well. A solid opportunity for an owner-occupant or investor looking for a well-maintained multifamily property with one unit available to occupy or lease. There is ample off street parking space, including a 3 gar garage. Close to many city amenities and highway access.

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 MLS and other third-party data may be inaccurate or out of date.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.