Investment Analysis — 471-473 Dickinson St

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 $3,150/mo in gross rent — about a 4.80% cap rate and $23,054/yr in estimated NOI at the $479,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,693

Style

2 Family - 2 Units Up/Down

Built

1909

**HOUSE HACKING OPPORTUNITY IN FOREST PARK!** Live in one unit and have the second unit help offset your monthly housing costs! This two-family property offers an exciting opportunity for an owner-occupant, first-time buyer, or investor looking to build equity while generating rental income.The smart layout provides the flexibility to make the first floor your home while renting the second-floor unit. Whether you're looking to reduce your out-of-pocket housing expense, create an additional income stream, or expand your investment portfolio, this property gives you options.One of the property's standout features is the **private driveway with parking for up to four vehicles**—a major convenience for both owner occupants and tenants. Enjoy off-street parking at home without the hassle of searching for a space on the street.Located in Springfield's Forest Park neighborhood, this property puts you in a convenient residential setting close to everyday amenities, shopping, dining, parks, schools, public transportation, and major roadways.**Why rent when you can own and potentially have your tenant help contribute toward the mortgage?** This is an opportunity to turn your home into an investment while enjoying the benefits of owner-occupied living.Whether you're a first-time homebuyer looking for a creative path to homeownership or an experienced investor searching for your next opportunity, this two-family property is worth seeing.**Live in one. Rent the other. Build equity. Create opportunity.**Schedule your private showing today and see how this Forest Park two-family property could work 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.