Investment Analysis — 81-83 Chestnut Street

Springfield, MA 01151 — Indian Orchard

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 01151 carries an estimated $2,470/mo in gross rent — about a 6.35% cap rate and $17,129/yr in estimated NOI at the $269,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,184

Style

Multi Family

Built

1926

Exceptional Opportunity for Investors or Owner-Occupants! This two-family property offers tremendous potential for those looking to build equity and bring new life to a home with plenty of possibilities. Situated on a corner lot, this property features a vacant first-floor unit with hardwood floors, two bedrooms, a generously sized living room, dining room or office and an enclosed front porch offering additional space to relax or entertain. The second-floor unit is currently occupied by a tenant who is seeking alternative housing, presenting an opportunity for future renovation and personalization. Recent improvements include an updated roof, windows and fence, providing a great starting point for your vision. The property also features a unique L-shaped garage that offers additional potential but may benefit from updating. While the home requires some improvements the possibilities are endless for the buyer willing to put in the work! This property presents an opportunity to invest, renovate, and unlock its potential. Whether you're looking to expand your investment portfolio or owner-occupy while creating additional value, this two-family is ready for its next chapter. Bring your ideas and imagination and make this property shine!

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 MLS and other third-party data may be inaccurate or out of date.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

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