For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
$195,000
● Multifamily - Off Market

22-24 Cedar St

Springfield, MA
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,176 Ft²
$220,072
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Come check out this FULLY VACANT 2 family home on Cedar St in Indian Orchard. Property has a newer roof with asphalt shingles, white vinyl siding, off street parking, and also an additional garage that is currently rented for $300/month and has its own electrical! The property has recently received new electrical panels, and one unit has received a new furnace. This property will make a great rental or owner occupant, with the possibility of choosing your own tenant. This property is very easy to show. Contact the list agent today to schedule your showing.
Unit Size
1,176 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$178
Property Type
Multifamily
Property Taxes
$172
HOA Dues
-
Year Built
-

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 5 years ago (MLSPIN #72877565)

Price History

Date / Event Date Event Price
Feb 21, 2022 Sold
Premium
Sold
Aug 5, 2021 Listed by Executive Real Estate, Inc. $209,000
Listed by Executive Real Estate, Inc.

Property Highlights

Parking Available
Parking Details
Has Garage
Parking Features: Off Street
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Unit 1(Storage, Bathroom with Shower Stall), Unit 2(Storage, Bathroom with Shower Stall), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen)
Appliances: Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Gas Water Heater
Flooring Type: Vinyl, Carpet, Unit 1(undefined), Unit 2(Wall to Wall Carpet)
Rooms: 8
Basement: Full
Exterior Details
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: 2 Family - 2 Units Side by Side
Stories (Total): 4
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Frame
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Features: Cleared
Lot Size Area: 0.08
Lot Size Units: Acres
Lot Size Acres: 0.08
Zoning: R2
Water Source: Public
Financial Details
Tax Assessed Value: $117,600
Tax Annual Amount: $2,061
Utilities Details
Cooling Type: Unit 1(Window AC), Unit 2(Window AC)
Heating Type: Unit 1(Forced Air, Gas), Unit 2(Forced Air, Gas)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Laundromat, Public School

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

Similar Homes for Sale

Currently no similar homes around
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72877565
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen