183 Middlesex St
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 |
|---|---|---|---|
| Dec 30, 2024 | Sold | ||
| Sold | |||
| Nov 26, 2024 | In contract | - | |
| In contract | |||
| Oct 17, 2024 | Listed by DiFranco Realty | $329,900 | |
| Listed by DiFranco Realty | |||
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We are pleased to present 183 Middlesex Street, a distinguished property located in a highly sought-after area of Springfield, Massachusetts. Formerly utilized by Springfield College as tenant housing, this property offers a rare opportunity for astute investors or developers seeking to capitalize on the strong rental market and the property's proximity to major institutions and amenities. It could also serve as an excellent opportunity for a large or multi-generational family, offering six spacious bedrooms and the convenience of two full kitchens, perfect for accommodating extended family or creating separate living spaces within the home.This property is being offered to the market for the first time in years and represents a rare chance to secure a high-potential asset in one of Springfield’s most desirable locations. We invite you to explore the numerous possibilities that 183 Middlesex Street offers and look forward to assisting you.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017