Active

16 Days on market

741-745 Union St Springfield — Photo 1 of 42

$499,900

Investment Analysis — 741-745 Union St

Springfield, MA 01109

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-unit multi-family in 01109 carries an estimated $4,720/mo in gross rent — about a 7.89% cap rate and $39,454/yr in estimated NOI at the $499,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,401

Style

2 Family - 2 Units Side by Side

Built

1889

Fantastic opportunity to own a beautifully renovated two-family duplex property in Springfield! Each spacious unit offers 5 bedrooms, 1.5 baths, as well as separate dining room, living room, large kitchen, and a family/bonus room on the 3rd floor. With 3400 sq. ft. of living space, parking for 3 cars in each driveway, and fenced back yards, this property is a wonderful owner occupied home for multi-generational living or for the investor who wants a turn-key cash cow. Both units feature new kitchens with granite counters, wood flooring, and updated baths. One unit has new appliances. Each unit has it's own forced-air gas heat, electrical meters, and gas hot water heaters. Located in a convenient area across from the beautiful DeBarry and Swan Elementary Schools, quick access to Downtown Springfield, STCC, and many other nearby amenities. Renovated, deleaded, and move-in ready, this property offers excellent space and flexibility for owner-occupants or investors.

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 MLS and other third-party data may be inaccurate or out of date.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