Investment Analysis — 130-132 West Alvord

Springfield, MA 01104 — Forest Park

Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 1 vacant unit, a 2-unit multi-family in 01104 carries an estimated $4,030/mo in gross rent — about a 7.43% cap rate and $31,870/yr in estimated NOI at the $429,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,562

Style

2 Family - 2 Units Up/Down

Built

1920

Welcome to 130-132 West Alvord Street, a well-maintained two-family property located in a desirable Springfield neighborhood. This turnkey multifamily home presents an outstanding opportunity for investors seeking strong cash flow or owner-occupants looking to offset their mortgage with rental income. Major updates have already been completed, including a newer roof, updated windows, and two newer boilers, providing added value and peace of mind. Both units will be delivered vacant at closing, offering immediate flexibility for a new owner to occupy or lease at market rent. Conveniently located near schools, shopping, restaurants, public transportation, and major highways, this property offers both comfort and convenience for tenants and homeowners alike. Whether you’re expanding your investment portfolio or purchasing your first multifamily property, this income-producing home combines solid rental potential, key mechanical updates, and a prime location.

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 MLS and other third-party data may be inaccurate or out of date.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