140 Chestnut St #319 Springfield — Photo 1 of 39
Recent Drop: $17,000
$98,000
Investment Analysis — 140 Chestnut St #319
Springfield, MA 01103
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-bedroom in 01103 carries an estimated $2,050/mo in gross rent — about a 17.82% cap rate and $17,464/yr in estimated NOI at the $98,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
760
Style
Condominium
Built
1910
The seller is offering a 2500$ credit to the buyer. Investor Alert! Rarely can you purchase a cash-flow-focused condo for under $125,000 in today's market. This investor-friendly property offers no long-term rental restrictions, giving you the flexibility to maximize your investment strategy. Well-suited for Section 8, HomeBASE, and other voucher programs, it provides access to a strong and consistent tenant pool. The HOA includes heat, hot water, Wi-Fi, seasonal A/C, water, trash, and common area maintenance, helping keep operating expenses low and cash flow strong. Ideally located in downtown Springfield near MGM, Union Station, major hospitals, restaurants, and highways, the property benefits from consistent rental demand. Whether you're a first-time investor or an experienced buyer looking to expand your portfolio, this is an affordable opportunity to secure a high-potential, income-producing asset.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Medical Facility • Highway Access • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstCedar Closet(s), Flooring - Vinyl, Lighting - Overhead
Kitchen
Lvl FirstFlooring - Vinyl, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook
Master Bedroom
Lvl FirstWalk-In Closet(s), Flooring - Vinyl, Window(s) - Bay/Bow/Box
Bedroom 2
Lvl FirstBathroom 1
Lvl FirstBathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl
Property History
$98,000
Was $109,000
Aug 18, 2026
MLS® 73549986
$109,000
Was $115,000
Aug 7, 2026
MLS® 73549986
$115,000
Jul 15, 2026
MLS® 73549986
Listing Agent: Bria Brantley
Listing Office: NextHome Elite Realty
MLS® Number: 73549986
