What is the estimated cap rate for 14-16 Revere St, Springfield, MA 01108?

Based on rent reported on the MLS listing, 14-16 Revere St, Springfield, MA 01108 (3 units) has an estimated 6.49% cap rate at its $429,000 list price, assuming $3,532/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 14-16 Revere St, Springfield, MA 01108?

The MLS listing reports about $3,532/month in total rent for a 3-unit multi-family in 01108. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

55 Days on market

14-16 Revere St Springfield — Photo 1 of 35

$429,000

Investment Analysis — 14-16 Revere St

Springfield, MA 01108

Based on rent reported on the MLS listing, a 3-unit multi-family in 01108 carries $3,532/mo in gross rent — about a 6.49% cap rate and $27,848/yr in estimated NOI at the $429,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,769

Style

3 Family

Built

1912

Three-family home offers spacious apartments with lead certificates for 1st and 2nd floor units. Each unit features 3 bedrooms, a full bath, a bright living room, formal dining room, and an eat-in kitchen. Outside, a covered front porch, off-street parking and fenced yard, add to the property's everyday convenience and tenant appeal. Whether you're looking to expand your investment portfolio or secure an income-producing property with long-term potential, this multifamily is one you won't want to miss. Third floor is vacant and easy to show..

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 MLS and other third-party data may be inaccurate or out of date.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.

Financials

Original Price$429,000

Annual Taxes$4,364

Parking

Garage0

Off-Street4

Interior Specifications

Total Rooms18

FireplacesNone

FlooringWood, Vinyl

BasementInterior Entry

Climate & Utilities

HeatingSteam, Natural Gas, Forced Air

CoolingNone

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionBrick

RoofShingle

FoundationBrick/Mortar

ZoningR2

Property & Lot

Acres0.11

SqFt Lot5,001

Lot Features--

Neighborhood

Public Transportation • Sidewalks

Geography

Listing Provided By

Listing Agent: Daniel Rodriguez

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73554631