Active

16 Days on market

21 - 23 Olmsted Dr Springfield — Photo 1 of 42

$364,900

Investment Analysis — 21 - 23 Olmsted Dr

Springfield, MA 01108

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 01108 carries an estimated $3,950/mo in gross rent — about a 8.51% cap rate and $31,054/yr in estimated NOI at the $364,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,141

Style

Multi Family

Built

1923

Location, Location, Location! 2 Family close to the East Longmeadow & Longmeadow line with easy access to main routes and highway. Forest Park nearby. 3 car garage, driveway and large area for parking. 1st floor has 3 bedrooms, 1 bathroom, Living room, Dining room and Kitchen. 2nd floor features 3 bedrooms, 1 bathroom, Living room, Dining room, Kitchen, and 4th bedroom on 3rd floor walk up finished attic area. Additional storage area & walk-in closet on 3rd floor also. Lots of windows & natural light. Replacement windows. Hardwood floors in most rooms. Great opportunity to be owner occupied or for investors or extended family. 1st floor will be vacant. 2nd floor is currently occupied. Separate boilers, electric panels and hot water heaters for each unit. Come see if this is the one for you!

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 MLS and other third-party data may be inaccurate or out of date.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