23 Rachel St Aka Rachael 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 |
|---|---|---|---|
| May 8, 2026 | Sold | ||
| Sold | |||
| Apr 7, 2026 | In contract | - | |
| In contract | |||
| Mar 16, 2026 | Listed by Gallagher Real Estate | $399,724 | |
| Listed by Gallagher Real Estate | |||
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Welcome to 23 Rachael St, Springfield, ideally located just off Tinkham Rd near the Wilbraham town line in one of the area’s most desirable neighborhoods. This well-maintained 3-bedroom, 1.5-bath home offers comfort, space, and convenience. The updated kitchen features Corian countertops and high-end appliances, perfect for everyday living. The first floor includes a spacious family room, formal living room, and dining room ideal for entertaining. Additional highlights include central AC, gas heat, and a high-efficiency tankless water heater. Exterior features include newer architectural shingle roof, vinyl siding, a large deck, huge yard, and manicured lawn with sprinkler system. The oversized attached garage offers great storage and potential for second-floor expansion. Fantastic location close to shopping, dining, and major routes.
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| Jan 24, 2025 | Sold | ||
| Sold | |||
| Dec 30, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017