Investment Analysis — 281-285 Belmont Ave

Springfield, MA 01108

Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for the units it does not cover, a 6-unit multi-family in 01108 carries an estimated $8,505/mo in gross rent — about a 8.66% cap rate and $69,281/yr in estimated NOI at the $799,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

8,000

Style

4 Family

Built

1990

Mixed-use investment opportunity at 281 Belmont St! This versatile property features four residential units plus two storefronts, offering multiple streams of potential rental income. Two residential units are currently vacant, providing an immediate opportunity for an owner-occupant to move in or for an investor to place new tenants and maximize rental income. The remaining units provide additional income potential, while the storefronts offer valuable commercial space and added flexibility. Lead certificates are available. Whether you're looking to expand your portfolio, house hack, or add a property with both residential and commercial income potential, this is an opportunity worth seeing!

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 MLS and other third-party data may be inaccurate or out of date.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