186-188 Westford Ave Springfield — Photo 1 of 42
$389,999
Investment Analysis — 186-188 Westford Ave
Springfield, MA 01109
Based on rent reported on the MLS listing, a 2-unit multi-family in 01109 carries $1,700/mo in gross rent — about a 2.79% cap rate and $10,874/yr in estimated NOI at the $389,999 list price. Adjust every assumption in the calculator below.
Beds
7
Baths
3
SqFt
3,200
Style
2 Family - 2 Units Up/Down
Built
1912
Great opportunity to own this updated two-family home, perfect for an owner-occupant or investor! The tenant-occupied first-floor unit features 2 bedrooms, a living room, dining room, kitchen with SS appliances, and 1 renovated full bathroom. The spacious second-floor unit spans two levels and offers 5 bedrooms, a living room, dining room, kitchen with SS appliances, and 2 full bathrooms. The second-floor unit is currently vacant and ready for an owner-occupant to move right in or for an investor to rent and generate additional income. Per owner, a new roof and gutters were installed in 2021. With updated units, generous living space, and excellent income potential, this property is a great addition to any investment portfolio or an ideal opportunity to offset homeownership costs with rental income. Don't miss your chance to make this two-family yours!
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 MLS and other third-party data may be inaccurate or out of date.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: Maria Serrano
Listing Office: HRA Realty, LLC
MLS® Number: 73569742
