Residential Income
For Sale
$469,999
35-37 Ozark St, Springfield, MA 01108
R2-zoned property with gas forced-air heat, an unfinished basement, and paved off-street parking.
Property Size2,920 SF
Price / SF$160.96
Days on Market40
Property Features for 35-37 Ozark St
General Information
Standard status
Active
Size
2,920 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
R2
Taxes and HOA fees
Annual Taxes
$5,197
Amenities
Park, Sidewalks
Natural Gas, Forced Air
Full, Concrete, Unfinished
Microwave, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher, Range, Gas Water Heater
Fenced
Off Street, Paved
Balcony
Building Details
Building Size
2,920 SF
Year Built
1905
Stories
3
Listing Agency:
Five Stars Realty LLC
Listed By:
Joel Almonte
(413) 214-9460
Source:
Evrealestate
Added: Aug 27
Changed: Oct 3
Last Checked: Oct 4 at 8:57AM
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 Five Stars Realty LLC
Investment Insights
Based on property information with market context.
This residential income property contains 2,920 square feet and was built in 1905. Interior features include gas forced-air heating and a full, concrete, unfinished basement. The property also has a balcony, fencing, and paved off-street parking.
Kitchen appliances include a microwave, an ENERGY STAR-qualified refrigerator and dishwasher, and a range; hot water is provided by a gas water heater. The property is zoned R2.
Kitchen appliances include a microwave, an ENERGY STAR-qualified refrigerator and dishwasher, and a range; hot water is provided by a gas water heater. The property is zoned R2.
Key Highlights
- 2,920‑square‑foot residential income property
- Built in 1905
- Full, concrete, unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,448
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$768,960
$769.0K
Cap Rate 7%
$549,257
$549.3K
Cap Rate 9%
$427,200
$427.2K
Market Conditions
NOI Build-Up for 2,920 SF
Gross rent
$73.6K $25.20/SF
− Vacancy
−$3.7K −$1.26/SF
EGI
$69.9K $23.94/SF
− OpEx
−$31.5K −$10.77/SF
NOI
$38.4K $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%
$768,960
Cap Rate 7%
$549,257
Cap Rate 9%
$427,200
Alternative Uses
Best Use
Apartment 5plus
$549.3K
$480.6K – $640.8K
NOI $38,448 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$792.9K
$693.8K – $925.1K
NOI $55,503 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,047
Businesses Nearby
Explore this area
Business Placement
Demographics for 01108, MA
27,671
Population
11,332
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
81%
High-School Grad
3.4 sq mi
ZIP Area
8,139
Density / Sq Mi
$51,851
Median Household Income
$34,539
Median Earnings
$1,224
Median Rent
$219,500
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - R2-zoned property with gas forced-air heat, an unfinished basement, and paved off-street parking.
Where is this residential income property located?
The property is located at 35-37 Ozark St Springfield, MA.
What is the asking price?
The asking price for this property is $469,999.
What are key features of this property?
This property features: 2,920‑square‑foot residential income property; Built in 1905; Full, concrete, unfinished basement
