74 Cherry St, Springfield, MA 01105
Meticulously maintained multi-family home with six bedrooms.
- Added:
- Apr 24, 2026
- Days on Market:
- 74
- Last Refresh:
- Apr 24 at 4:32 pm
Property Features for 74 Cherry St
General Information
- Standard status
- Active
- Size
- 2,003 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1930
Listing office (978) 605-0005
Listing date Apr 24, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of Claribel Bueno
HighLights
- Multi‑family property suitable for immediate occupancy
- Six bedrooms and two full bathrooms plus one half bathroom
- Spacious 2003 sq ft interior
- Very Walkable location (Walk Score: 87)
- Good Transit options (Transit Score: 60)
- Crown molding in one bedroom adds a touch of luxury
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.5k | $25.20 |
| − Vacancy | −$2.5k | −$1.26 |
| EGI | $48.0k | $23.94 |
| − OpEx | −$21.6k | −$10.77 |
| NOI | $26.4k | $13.17 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.5688354
- Latitude
- 42.0954931
