118-120 Commonwealth Ave Springfield — Photo 1 of 42
$389,900
Investment Analysis — 118-120 Commonwealth Ave
Springfield, MA 01108
Based on rent reported on the MLS listing, a 2-unit multi-family in 01108 carries $1,800/mo in gross rent — about a 2.96% cap rate and $11,550/yr in estimated NOI at the $389,900 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
2
SqFt
2,688
Style
2 Family - 2 Units Up/Down
Built
1922
Welcome to 118-120 Commonwealth Ave, a charming and well-kept two-family home in Springfield's Forest Park neighborhood! Each spacious unit offers 3 bedrooms and 1 bath, making this property a great find for both owner-occupants and investors alike. Inside, enjoy generous living areas, hardwood floors, and abundant natural light. Both units have been recently updated with a comfortable, modern layout, while separate utilities and gas heat add ease for multi-family living. Laundry hookups and extra basement storage make it even more practical. Updates include two newer gas furnaces (2017), updated plumbing, updated electrical (2017), roof (2022). Just blocks from beautiful Forest Park and close to shopping, dining, public transit, and major routes, this property is perfect whether you're looking to grow your investment portfolio or live in one unit while renting the other. Don't miss out on this fantastic opportunity!
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 MLS and other third-party data may be inaccurate or out of date.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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Listing Agent: The Neilsen Team
Listing Office: Real Broker MA, LLC
MLS® Number: 73573126
