Active

301 Days on market

228 Belmont Ave Springfield — Photo 1 of 41

$1,400,000

Investment Analysis — 228 Belmont Ave

Springfield, MA 01108 — Forest Park

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 8-unit multi-family in 01108 carries an estimated $17,200/mo in gross rent — about a 10.42% cap rate and $145,860/yr in estimated NOI at the $1,400,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

13,410

Style

5-9 Family

Built

1915

Prime investment opportunity awaits with this expansive multifamily apartment building offering strong rental income, excellent tenant appeal, and an unbeatable location. This well-maintained property features a diverse mix of spacious units, designed to attract long-term occupants and maximize year-over-year returns.Inside, residents enjoy generously sized living spaces with functional layouts, abundant natural light, and modernized kitchens and baths. Mechanical systems have been updated for efficiency and long-term durability, including newer heating, plumbing, and electrical improvements that support low-maintenance ownership. The exterior boasts professional management, secured entry, and dedicated off-street parking, with convenient enhancements such as coin-op laundry and private patios. Zoned for multifamily use, the property presents a scalable investment primed with recent MAJOR updates. This building is a must see to appreciate the long term addition to your portfolio!!

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 MLS and other third-party data may be inaccurate or out of date.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