Investment Analysis — 92-94 Manchester Ter

Springfield, MA 01108

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-unit multi-family in 01108 carries an estimated $4,070/mo in gross rent — about a 7.84% cap rate and $31,365/yr in estimated NOI at the $399,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,371

Style

Multi Family

Built

1923

**A STANDOUT TWO-FAMILY — COMPLETELY VACANT & READY FOR NEW OWNERS!** Located in a desirable pocket of Springfield near the East Longmeadow line, 92-94 Manchester Terrace is an exceptional two-family offering at this price point. Proudly positioned on a corner lot among predominantly owner-occupied single-family homes, this property offers beautiful curb appeal with inviting screened front sitting porches, an architectural-shingled roof, replacement windows, vinyl siding and a two-car garage.The interior is equally impressive, offering spacious apartments filled with character and beautiful hardwood flooring. The first-floor unit features 5 rooms and 2 bedrooms, while the second and third floors combine to create an awesome two-level apartment featuring 7 rooms, 4 bedrooms and 1 bath. Both units offer updated kitchens, generous room sizes and separate utilities.Best of all — **BOTH UNITS ARE COMPLETELY VACANT!** No leases, no occupants and no waiting to make this property your own. Whether you're an owner-occupant looking to offset your mortgage with rental income or an investor searching for a strong addition to your portfolio, this is a special property that checks all the boxes. Location, condition, space, garage, curb appeal and immediate availability — expect this one to attract plenty of attention!

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 MLS and other third-party data may be inaccurate or out of date.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