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82-84 Maryland St Springfield — Photo 1 of 25

82-84 Maryland St Springfield — Photo 1 of 25

$350,000

Investment Analysis — 82-84 Maryland St

Springfield, MA 01108 — Forest Park

Based on rent reported on the MLS listing, a 2-unit multi-family in 01108 carries $2,500/mo in gross rent — about a 5.31% cap rate and $18,595/yr in estimated NOI at the $350,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

6

Baths

2

SqFt

2,430

Style

2 Family - 2 Units Up/Down

Built

1924

**INVESTMENT OPPORTUNITY!** Imagine adding a fully occupied two-family to your portfolio and collecting rental income from day one. Located in Springfield’s **Forest Park neighborhood**, 82–84 Maryland Street offers two spacious units, each featuring 3 bedrooms, 1 full bath, a large living room, dining room and eat-in kitchen—a versatile layout with lasting rental appeal. Current rents are $1,200 and $1,300 per month. Each unit offers convenient in-unit laundry in the kitchen, its own natural gas boiler and separate electrical panels, while updated meters add another important improvement. Additional storage is available in both the basement and attic.Outside, a large paved driveway provides plenty of off-street parking and leads to a 2-car garage, currently used for storage. Recent decking repairs have also been completed.The Forest Park location puts tenants within easy reach of Forest Park (literally at the end of the street), “The X,” Longmeadow, Downtown Springfield, shopping, dining and major commuter routes.With tenants already in place, separate utilities, established rents, generous parking and a 2-car garage, much of what investors look for is already here. Whether this is your first multi-family or the next addition to a growing portfolio, come see the possibilities at 82–84 Maryland Street and decide how it fits into your investment strategy.

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.

Property Details

Financials

Original Price$350,000
Annual Taxes$4,205

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms12
FireplacesNone
FlooringWood, Carpet, Laminate
BasementFull, Partially Finished, Interior Entry, Bulkhead, Concrete

Climate & Utilities

HeatingHot Water, Natural Gas, Individual, Unit Control
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningR2

Property & Lot

Acres0.11
SqFt Lot5,001
Lot Features--

Amenities & Appliances

Range • Dishwasher

Neighborhood

Public Transportation • Tennis Court(s) • Park • Walk/Jog Trails • Conservation Area • House of Worship

Geography

Property History

Listed
$350,000

Sep 22, 2026

MLS® 73580716

Expired
$390,000

Jan 31, 2026

MLS® 73439489

Listed
$390,000

Oct 3, 2025

MLS® 73439489

Listing Provided By

Listing Agent: Michael Sakey

Listing Office: Real Broker MA, LLC

MLS® Number: 73580716