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7 Days on market

60-62 Orange St Springfield — Photo 1 of 40

$360,000

Investment Analysis — 60-62 Orange St

Springfield, MA 01108

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-unit multi-family in 01108 carries an estimated $4,300/mo in gross rent — about a 9.67% cap rate and $34,804/yr in estimated NOI at the $360,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,560

Style

Multi Family

Built

1923

Opportunity knocks with this spacious brick two-family situated on a corner lot, ideal for an owner-occupant or investor! Both units will be conveyed vacant at closing, giving the new owner flexibility from day one. Each unit offers 3 bedrooms, a kitchen with pantry, dining room, living room, plenty of storage and porches. Separate utilities. The first-floor owner’s unit also benefits from solar panels, helping to offset electrical costs. Per owner, first-floor boiler installed in 2024 and hot water tank in 2021; second-floor boiler installed in 2009 and hot water tank in 2019. Roof installed in 2011, circuit breakers in 2006, and some new windows installed in 2024, APO. Outside, enjoy a fenced-in yard, a fruit-bearing pear tree and an oversized one-car detached garage. Convenient highway access adds to the appeal. Offering plenty of potential and ready for your personal touches, this property is an opportunity to make it your own. Group showings Thursday 10/1 & Friday 10/2 4-6pm. Don't miss it!

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 MLS and other third-party data may be inaccurate or out of date.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