Two-Story Six-Bedroom Multifamily
For Sale
$399,900
130 Myrtle Street, Springfield, MA 01151
The layout includes six bedrooms and two full bathrooms across two stories.
Property Size2,400 SF
Lot Size0.15 Acres
Price / SF$166.63
Days on Market8
Property Features for 130 Myrtle Street
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.15 Acres
Property subtype
Multi-family
Building Details
Year Built
1893
Stories
2
Listing Agency:
Executive Real Estate,Inc.
Listed By:
Oliver Figuereo
(413) 665-3771
Source:
Cbcommunityrealtors
Added: Sep 28
Changed: Oct 4
Last Checked: Oct 4 at 10:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Executive Real Estate,Inc.
Investment Insights
Based on property information with market context.
This two-story multifamily property contains 2,400 square feet with six bedrooms and two full bathrooms. Built in 1893, the building sits on a 6,599-square-foot lot in Springfield, Massachusetts.
Key Highlights
- 2,400 square feet of building area
- Six bedrooms and two full bathrooms
- Two‑story building constructed in 1893
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,601
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,020
$632.0K
Cap Rate 7%
$451,443
$451.4K
Cap Rate 9%
$351,122
$351.1K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$60.5K $25.20/SF
− Vacancy
−$3.0K −$1.26/SF
EGI
$57.5K $23.94/SF
− OpEx
−$25.9K −$10.77/SF
NOI
$31.6K $13.17/SF
Area
Springfield, MA
Vacancy
5.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,020
Cap Rate 7%
$451,443
Cap Rate 9%
$351,122
Alternative Uses
Best Use
Apartment 5plus
$451.4K
$395.0K – $526.7K
NOI $31,601 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$651.7K
$570.2K – $760.3K
NOI $45,619 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Explore this area
Business Placement
Demographics for 01151, MA
9,150
Population
3,959
Households
2.3
Avg Household Size
34
Median Age
17%
College-Educated
77%
High-School Grad
2.4 sq mi
ZIP Area
3,813
Density / Sq Mi
$57,113
Median Household Income
$39,117
Median Earnings
$1,239
Median Rent
$219,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - The layout includes six bedrooms and two full bathrooms across two stories.
Where is this multifamily property located?
The property is located at 130 Myrtle Street Springfield, MA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,400 square feet of building area; Six bedrooms and two full bathrooms; Two‑story building constructed in 1893
