Active
106 Days on market
WS Maple St Springfield — Photo 1 of 1

WS Maple St Springfield — Photo 1 of 1

$85,000

Investment Analysis — WS Maple St

Springfield, MA 01105

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a home in 01105 carries an estimated $1,090/mo in gross rent — about a 11.05% cap rate and $9,393/yr in estimated NOI at the $85,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

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Baths

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SqFt

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Style

Residential

Built

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Take advantage of this rare opportunity to acquire a vacant lot in the Ames Hill/Crescent Hill Historic District. This 1.3448-acre lot was originally developed in the early 1870s by Jotham G. Chase, a lumber dealer. Chase finished his planned home's exterior, but never the interior—the home sold to banker Andrew Fennessy, who finished the home, but moved it to another location, building a new mansion on this lot before relocating to Boston. The mansion was next purchased in the late 1880s, by paper industry magnate Nathan Bill, the wealthiest person in Springfield at the time. The home became known as Nathan Bill House, and housed the Bill family until mid-Century, when it became a nursing home, then fell vacant, and eventually burned down, leaving the lot vacant, as it stands today. This historical tragedy is an opportunity for mixed-use, as the lot is zoned for residential/office use (to be confirmed by buyer). Be the next one to build upon Maple hill—or buy with 270 Maple Street!

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 MLS and other third-party data may be inaccurate or out of date.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$85,000
Annual Taxes$548

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms--
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningRES

Property & Lot

Acres1.34
SqFt Lot58,579
Lot FeaturesLevel, Elevated, Sloped, Cleared, Steep Slope

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Listing Provided By

Listing Agent: Erica Swallow

Listing Office: Swallow Real Estate, Inc.

MLS® Number: 73526926