196 Forest Park Ave
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 |
|---|---|---|---|
| Nov 25, 2025 | Sold | ||
| Sold | |||
| Oct 31, 2025 | In contract | - | |
| In contract | |||
| Oct 7, 2025 | Listed by Compass | $399,000 | |
| Listed by Compass | |||
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Built in 1893 and located in Springfield’s sought-after Forest Park Historic District, this home blends historic charm with modern comfort and offers over 3,000 sq ft of living space. Thoughtfully renovated in key areas, the kitchen was completely rebuilt down to the studs with new electrical, plumbing, insulation, drywall, and featuring vaulted ceilings, recessed and under-cabinet lighting, radiant heated floors, and a reverse-osmosis water system. The first floor bath also boasts a full renovation and refreshed design. With 3 levels and 7 bedrooms, there’s space for every lifestyle. The 3rd floor provides excellent potential for remote work and additional living space. Outside, enjoy a freshly painted exterior, updated decking, and a detached shed; perfect for hobbies, art, or garden projects. A timeless Forest Park classic offering a rare blend of history, character, and modern updates in one of Springfield’s most architecturally rich neighborhoods.
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| Feb 11, 2022 | Sold | ||
| Sold | |||
| Nov 16, 2021 | Listed by Gallagher Real Estate | $285,000 | |
| Listed by Gallagher Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017