Investment Analysis — 90 Andrew St

Springfield, MA 01109

Based on rent reported on the MLS listing, a 2-unit multi-family in 01109 carries $2,400/mo in gross rent — about a 6.09% cap rate and $18,197/yr in estimated NOI at the $299,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,461

Style

Multi Family

Built

1920

Well-maintained two-family property on a corner lot with separate utilities for each unit, offering an excellent opportunity for both owner-occupants and investors. Both units are occupied by stable long-term tenants, with one tenant currently in the process of relocating, potentially resulting in a vacant unit at closing. One unit also includes an additional room that could serve as a second bedroom, home office, or flex space. A rare bonus is the 26' x 50' detached two-story concrete block outbuilding with electricity, located at the rear of the property. The corner lot provides easy access to the outbuilding, making it ideal for a contractor, workshop, warehouse, storage, or other potential income-producing uses. With immediate rental income and a unique detached outbuilding offering additional potential, this property presents exceptional value and versatility.

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 MLS and other third-party data may be inaccurate or out of date.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