138 Magazine
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 27, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 25, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Feb 26, 2026 | Relisted | $90,000 | |
| Relisted | |||
| Jan 31, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jan 8, 2026 | Listed by Lowe & Lowe Realty Co. | $140,000 | |
| Listed by Lowe & Lowe Realty Co. | |||
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Rehab Opportunity – Zoned R2 Bring Your Vision! Attention investors and contractors—don’t miss this prime rehab opportunity at 138 Magazine Street in Springfield, MA. This property has been completely gutted and partially framed, providing a true blank canvas for your next project. Major exterior upgrades are already complete, including a new roof, new siding, and new windows, knocking out some of the biggest renovation expenses upfront.With the heavy demo already done, this is an ideal project for a full renovation, flip, or long-term rental. Conveniently located near local amenities, major routes, and downtown Springfield, this property offers strong upside potential.Bring your contractor, run your numbers, and unlock the value—property is being sold as-is. Cash or rehab financing preferred.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017