Active

125 Days on market

704-708 Sumner Avenue Springfield — Photo 1 of 40

Recent Drop: $15,000

$475,000

$460,000

Investment Analysis — 704-708 Sumner Avenue

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 $3,500/mo in gross rent — about a 5.53% cap rate and $25,442/yr in estimated NOI at the $460,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

5,327

Style

2 Family - Rooming House

Built

1920

Prime Mixed-Use Investment Opportunity! 704-708 Sumner Ave offers a unique opportunity to own a mixed-use property with both commercial and residentialincome potential. The street-level commercial space features excellent frontage, prominent signage, multiple offices, reception and waiting areas, making it idealfor professional, medical, retail, or service-based businesses. Above, residential apartments provide additional income and long-term investment value. Theproperty offers off-street parking, separate utilities, multiple electrical panels, 15 year old roof and a flexible layout suited for owner-occupants and investors alike.Earning $4,700 per month rental income, there is room to increase rents to market rent. Its classic brick exterior provides timeless curb appeal while its high-trafficlocation ensures outstanding visibility. Conveniently located near Forest Park, MGM Springfield, downtown Springfield, & major highways including I-91 & the MATurnpike.

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 MLS and other third-party data may be inaccurate or out of date.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