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86 Main St Monson — Photo 1 of 38

86 Main St Monson — Photo 1 of 38

$250,000

Investment Analysis — 86 Main St

Monson, MA 01057

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-unit multi-family in 01057 carries an estimated $3,350/mo in gross rent — about a 10.56% cap rate and $26,406/yr in estimated NOI at the $250,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

6

Baths

4.5

SqFt

2,997

Style

Multi Family

Built

1868

Looking for a home with room to spread out and the potential for rental income? This approximately 3,000-square-foot two-family in downtown Monson has plenty to work with! The larger unit offers 4 bedrooms and 2.5 baths, with several beautiful updates already in place. The kitchen features a large island, pantry, tile backsplash, and Corian countertops, while hardwood floors carry through the living room and separate dining area. A first-floor full bath includes laundry and radiant heated flooring, and the upstairs main bedroom has its own private balcony—a lovely spot to enjoy some fresh air. The smaller unit offers 2 bedrooms, 2 bath, hardwood floors, and a fireplace in the living room. The kitchen renovation was started but never finished, leaving the next owner an opportunity to make it their own. Both units share an expansive deck overlooking the backyard, with plenty of space to relax or gather with friends. With separate utilities and a location right downtown, this could make a wonderful owner-occupied property once the needed work is completed. Both furnaces are currently nonfunctional, though natural gas hookup is available at the street. CASH OR REHAB LOAN ONLY due to the lack of functioning heat and property condition. Bring your ideas and finish what’s been started—there’s so much potential here!

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$250,000
Annual Taxes$4,146

Parking

Garage0
Off-Street5

Interior Specifications

Total Rooms13
Fireplaces1
FlooringTile, Vinyl, Varies, Hardwood
BasementFull, Walk-Out Access, Interior Entry, Dirt Floor, Concrete, Unfinished

Climate & Utilities

HeatingElectric, Steam, Oil, Radiant, Pellet Stove
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationStone, Brick/Mortar
ZoningRV

Property & Lot

Acres0.5
SqFt Lot21,780
Lot FeaturesEasements, Level

Amenities & Appliances

Range • Disposal • Trash Compactor • Refrigerator • Dishwasher

Geography

Listing Provided By

Listing Agent: King Group

Listing Office: Coldwell Banker Realty - Western MA

MLS® Number: 73585153