Active
46 Days on market
140 Chestnut #205 Springfield — Photo 1 of 24

140 Chestnut #205 Springfield — Photo 1 of 24

$80,000

Investment Analysis — 140 Chestnut #205

Springfield, MA 01103

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 1-bedroom in 01103 carries an estimated $1,630/mo in gross rent — about a 17.65% cap rate and $14,121/yr in estimated NOI at the $80,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

1

Baths

1

SqFt

540

Style

Condominium

Built

1910

Welcome to 140 Chestnut Street, Unit 205, a completely renovated, move-in ready condominium in the heart of Springfield's rapidly growing downtown district. This beautifully updated one-bedroom unit features new luxury vinyl plank flooring, new wall-to-wall carpeting in the bedroom, fresh finishes throughout, and an updated kitchen with new cabinetry, range, refrigerator, dishwasher, and plenty of cabinet space. Multiple closets provide exceptional storage, making this home as functional as it is stylish.Beyond the front door, you'll enjoy being part of one of Springfield's most exciting revitalization areas. The neighborhood continues to grow with significant public and private investment, including the redevelopment of the Chestnut Street Corridor, designed to create a more walkable, vibrant mixed-use district with new housing, green spaces, restaurants, and retail. Just blocks away, enjoy The Landing, Springfield's newest outdoor event plaza at the MassMutual Center, hosting tarmers markets, concerts, movie nights, festivals, and community events throughout the year.Conveniently located near MGM Springfield, Union Station, the MassMutual Center, Springfield Museums, Dr. Seuss National Memorial Sculpture Garden, the Naismith Memorial Basketball Hall of Fame, and countless restaurants, entertainment venues, and local businesses. Commuters will appreciate easy access to I-91, I-291, public transportation, and major employers including MassMutual, Baystate Health, and Springfield Technical Community College (STCC).Whether you're searching for your first home, downsizing, or looking for an excellent investment opportunity, this turnkey condo offers modern updates, an unbeatable downtown location, and exceptional value. Don't miss your opportunity to own a beautifully renovated home in one of Springfield's most promising neighborhoods. Schedule your private showing today!

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$80,000
Annual Taxes$745
HOA Fee$555.06

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms3
FireplacesNone
FlooringVinyl, Carpet
BasementN

Climate & Utilities

HeatingCommon, Fan Coil
CoolingFan Coil
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionStone
Roof--
Foundation--
ZoningB3

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Disposal • Refrigerator

Geography

Floorplan Breakdown

Structural Layout

First
Master Bedroom
Unknown
Living Room
Living Room
Lvl null

Bathroom - Full, Flooring - Wall to Wall Carpet, Flooring - Vinyl, Open Floorplan, Lighting - Overhead

Master Bedroom
Lvl First

Closet, Flooring - Wall to Wall Carpet, French Doors

Listing Provided By

Listing Agent: Zell Melendez

Listing Office: Berkshire Hathaway HomeServices Realty Professionals

MLS® Number: 73555561