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4 Days on market
81 Adams St Springfield — Photo 1 of 42

81 Adams St Springfield — Photo 1 of 42

$375,000

Investment Analysis — 81 Adams St

Springfield, MA 01105

Based on rent reported on the MLS listing, a 2-unit multi-family in 01105 carries $2,200/mo in gross rent — about a 4.77% cap rate and $17,874/yr in estimated NOI at the $375,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

8

Baths

3

SqFt

3,036

Style

Multi Family

Built

1893

Fantastic opportunity to own a freshly renovated two-family property offering the perfect combination of modern updates, rental income, and long-term investment potential! Whether you're looking to owner-occupy or expand your real estate portfolio, this property is ready to impress. Unit 1 is conveniently vacant and features 3 spacious bedrooms, making it an ideal option for an owner-occupied buyer. Enjoy a beautifully updated kitchen complete with new custom cabinetry, stone countertops, and updated appliances. Move right in and let the rental income from the second unit help offset your monthly mortgage payment! Unit 2 is currently rented and generating great income. This unit has also been updated with a new kitchen featuring stone countertops and updated appliances, plus the added convenience of 2 full bathrooms. An oversized solar system provides substantial energy production, adding another valuable feature to this income-producing unit. Both units benefit from younger heating systems and water heaters, helping reduce concerns over major mechanical expenses. With extensive renovations already completed, this property offers an attractive opportunity to step into multifamily ownership at an affordable price point. Live in one unit and rent the other, or add a turnkey income-producing property to your investment portfolio. With updated interiors, existing rental income, solar energy, and major systems already improved, this two-family offers tremendous potential for both today's buyer and tomorrow's investor. Don't miss this 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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Property Details

Financials

Original Price$375,000
Annual Taxes$2,190

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms14
FireplacesNone
FlooringTile, Hardwood
BasementFull, Interior Entry, Unfinished

Climate & Utilities

HeatingSteam, Oil, Electric
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofAsphalt/Composition Shingles
FoundationBrick/Mortar
ZoningR3

Property & Lot

Acres0.11
SqFt Lot4,583
Lot FeaturesCorner Lot, Cleared, Level

Amenities & Appliances

Microwave • ENERGY STAR Qualified Refrigerator • Range

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat

Geography

Property History

Listed
$375,000

Sep 8, 2026

MLS® 73573608

Expired
$68,000

Apr 18, 2010

MLS® 70920340

Listed
$68,000

May 18, 2009

MLS® 70920340

Listing Provided By

Listing Agent: Patriot Living Group

Listing Office: Lock and Key Realty Inc.

MLS® Number: 73573608