Active
2 Days on market
43-45 Gold St Springfield — Photo 1 of 26

43-45 Gold St Springfield — Photo 1 of 26

$350,000

Investment Analysis — 43-45 Gold St

Springfield, MA 01107

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-unit multi-family in 01107 carries an estimated $3,580/mo in gross rent — about a 7.95% cap rate and $27,827/yr in estimated NOI at the $350,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2

SqFt

2,376

Style

Multi Family

Built

1921

Pride of ownership shines throughout this strong and well-cared-for two-family home, proudly standing in one of Springfield’s desirable residential neighborhoods. Loved, cherished and maintained by the same family for decades, this property offers the character, condition and location that can be difficult to find in today’s multifamily market. Surrounded by many other owner-occupied homes, the property enjoys a true neighborhood setting while remaining conveniently located near I-291, I-91 and the Massachusetts Turnpike, providing easy access throughout Western Massachusetts and an attractive location for buyers commuting toward Worcester and the Greater Boston area.From the moment you arrive, the curb appeal reflects years of attentive ownership. Exterior improvements include a newer roof, replacement windows and siding, while the solid front porches add to the classic character of this proud Springfield two-family. A private backyard and large two-car garage provide additional space, storage and convenience.Inside, both units offer comfortable layouts highlighted by hardwood flooring, open living areas and inviting sitting porches. The second-floor unit is currently vacant, creating an excellent opportunity for an owner-occupant looking to move right in while generating rental income from the additional unit. Investors will appreciate the flexibility of being able to select and place their own tenant in the vacant unit.Whether you are looking for a well-maintained multifamily investment or an owner-occupied home that can help offset your monthly expenses, this property delivers location, condition and long-term value. Offered at $350,000, this is an opportunity to own a solid two-family home that has been cared for with pride for generations.

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$350,000
Annual Taxes$4,823

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms10
FireplacesNone
FlooringHardwood
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningR2

Property & Lot

Acres0.14
SqFt Lot6,251
Lot FeaturesCleared, Level

Neighborhood

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

Geography

Listing Provided By

Listing Agent: Chester Ardolino

Listing Office: Berkshire Hathaway HomeServices Realty Professionals

MLS® Number: 73577061