23 Fairway Dr
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 |
|---|---|---|---|
| Apr 15, 2026 | Sold | ||
| Sold | |||
| Mar 11, 2026 | In contract | - | |
| In contract | |||
| Mar 3, 2026 | Price Decreased |
$299,900
↓ $10K
(3.2%) | |
| Price Decreased | |||
| Feb 19, 2026 | Listed by Coldwell Banker Realty - Western MA | $309,900 | |
| Listed by Coldwell Banker Realty - Western MA | |||
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Fabulous Forest Park location sits this lovely cape, in prime neighborhood. Updated throughout and move in ready including, but not limited to, newer stainless-steel appliances granite counters, Cherry cabinets, newer bay window in the living room, newer driveway (10/2025) newer furnace (2022) and hot water heater (2025). A cozy heated rec room in the basement for additional living space. Natural Gas for economical heating, cooking and drying clothes. Spacious fenced in yard and a patio for entertaining. SAVE $$$ on electric costs with newer Seller owned solar. Close to Franconia Golf Course, The Longmeadow Shops, only minutes to Forest Park, museums and the Springfield Elks Club Lodge. Three window a/c units to remain for the Buyers comfort.
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| Mar 27, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017