Investment Analysis — 22-24 Raymond Place

Springfield, MA 01104

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-unit multi-family in 01104 carries an estimated $4,640/mo in gross rent — about a 8.77% cap rate and $37,693/yr in estimated NOI at the $430,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,057

Style

2 Family - 2 Units Up/Down

Built

1898

Spacious and versatile two-family home featuring 12 rooms, 7 bedrooms, and 3 full bathrooms. This unique property offers ample living space and flexible floor plans, ideal for owner-occupants, multi-generational living, or investment purposes. The first-floor unit includes 3 bedrooms, a full bath, kitchen, living room, dining room, and two enclosed porches. The expansive second-floor unit features 4 bedrooms, 2 full baths, 2 kitchens, 2 living rooms, a dining room, and two enclosed porches. Enjoy a full basement with additional living space and plenty of storage. Full house water filtration system, located in the basement. Outside, you'll find a large backyard, a heated enclosed bonus structure perfect for hobbies or workspace, a storage shed, and a paved parking lot with room for up to 6 vehicles. A rare opportunity to own a property with abundant space, functionality, and income potential. Second floor will be delivered vacant upon closing.

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 MLS and other third-party data may be inaccurate or out of date.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