Investment Analysis — 24-26 Grove St

Springfield, MA 01107

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 01107 carries an estimated $3,800/mo in gross rent — about a 9.81% cap rate and $31,867/yr in estimated NOI at the $325,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,909

Style

Multi Family

Built

1896

Welcome to 24-26 Grove St, Springfield! This spacious multi-family property offers 8 bedrooms, 3 full bathrooms, and approximately 2,909 sq. ft. of total living area, providing plenty of space and flexibility for its next owner. The first and second floors each feature 3 bedrooms and 1 full bathroom, while the third floor offers 2 additional bedrooms and 1 full bathroom.A great bonus—the second-floor unit is currently VACANT and ready for the new owner to occupy or rent out! This provides an excellent opportunity for an owner-occupant looking to offset housing expenses with rental income or an investor seeking additional income potential.Conveniently located near area hospitals, major highways, shopping, dining, public transportation, and everyday amenities. Whether you're looking to occupy one unit or add a multi-family property to your investment portfolio, 24-26 Grove St offers plenty of possibilities.Schedule your showing today and explore the potential this property has to offer! Property is being sold AS IS.

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 MLS and other third-party data may be inaccurate or out of date.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