Residential Income
88 Tyler St Springfield, MA 01109
For Sale
$360,000
Pending
Multifamily for sale near I-91 and I-291, with convenient access to amenities and major Springfield attractions.
Property Size2,419 SF
Days on Market68
Property Features for 88 Tyler St
General Information
- Standard status
- Pending
- Size
- 2,419 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1888
Listing Agency:
Five Stars Realty LLC
(508) 688-4095
Listed By:
Marcia Velis
(508) 688-4095
Source:
Alliancepartnersre
Added: May 18
Changed: Jul 21
Last Checked: Jul 23 at 6:09AM
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.
88 Tyler St in Springfield, MA is a residential income property offered for sale. The configuration and size support ownership in a convenient, high-demand area for both day-to-day living and rental-focused strategies.
The property provides easy access to major highways including I-91 and I-291, supporting quick commuting to surrounding cities and downtown Springfield. Local amenities such as shopping, grocery options, restaurants, and schools are described as being minutes away, and nearby outdoor recreation includes Forest Park with walking trails and year-round activities. The home is also close to attractions including MGM Springfield and downtown entertainment and cultural venues.
This offering is positioned for buyers seeking a property in an established, steadily growing location with strong surrounding lifestyle convenience.
The property provides easy access to major highways including I-91 and I-291, supporting quick commuting to surrounding cities and downtown Springfield. Local amenities such as shopping, grocery options, restaurants, and schools are described as being minutes away, and nearby outdoor recreation includes Forest Park with walking trails and year-round activities. The home is also close to attractions including MGM Springfield and downtown entertainment and cultural venues.
This offering is positioned for buyers seeking a property in an established, steadily growing location with strong surrounding lifestyle convenience.
Key Highlights
- Home built in 1888 at 88 Tyler Street in Springfield, MA
- Convenient access to major highways I‑91 and I‑291 for commuting to Springfield and surrounding cities
- Close to local amenities including shopping, grocery stores, restaurants, and schools
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 | $61.0k | $25.20 |
| − Vacancy | −$3.0k | −$1.26 |
| EGI | $57.9k | $23.94 |
| − OpEx | −$26.1k | −$10.77 |
| NOI | $31.9k | $13.17 |
2,419 SF · lease $25.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$455.0K
$398.1K – $530.9K
NOI $31,851 @ 7.0% cap · market cap 8.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$656.9K
$574.8K – $766.3K
NOI $45,980 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Multifamily for sale near I-91 and I-291, with convenient access to amenities and major Springfield attractions.
Where is this multifamily property located?
The property is located at 88 Tyler St Springfield, MA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Home built in 1888 at 88 Tyler Street in Springfield, MA; Convenient access to major highways I‑91 and I‑291 for commuting to Springfield and surrounding cities; Close to local amenities including shopping, grocery stores, restaurants, and schools
