201-203 College St Springfield — Photo 1 of 39
$449,900
Investment Analysis — 201-203 College St
Springfield, MA 01109
Based on rent reported on the MLS listing, a 3-unit multi-family in 01109 carries $4,175/mo in gross rent — about a 7.36% cap rate and $33,104/yr in estimated NOI at the $449,900 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
3
SqFt
3,212
Style
3 Family - 3 Units Up/Down
Built
1916
Excellent investment opportunity with this legal three-family property, tenanted by the same reliable non-profit for the past four years. Fully remodeled in 2022 with updated cabinets, refinished flooring, and renovated bathrooms, this property also features major updates including a new roof (2024), new furnace and water heaters (2021), new doors, new insulation (2022), electrical panels (2021), and a rebuilt porch (2024).Please note that photography reflects the property's condition following its 2022 renovation & previous staging; minor cosmetic wear commensurate with ongoing tenancy may be observed in person. On-site parking and a two-car garage abut a nicely sized, fenced-in yard, providing tenants with green space while maintaining low maintenance for investors. Strong rental demand and solid proximity to local institutions make this an ideal income-producing asset. Group showings scheduled for next week with advance notice.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Listing Agent: Alex Anthony
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73578606