244 Springfield 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 |
|---|---|---|---|
| Sep 2, 2025 | Sold | ||
| Sold | |||
| Jul 28, 2025 | In contract | - | |
| In contract | |||
| Jul 22, 2025 | Listed by Real Broker MA, LLC | $470,000 | |
| Listed by Real Broker MA, LLC | |||
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Step into timeless elegance at 244 Springfield St., a stately Colonial Revival home built in 1914 and located in the coveted Atwater Park neighborhood of Springfield. Rich in character & historic charm, this 4-bedroom, 2.5-bath residence showcases exquisite original woodwork, stunning hardwood floors, and classic architectural details that speak to its early 20th-century craftsmanship. The inviting living room features a charming fireplace, perfect for cozy evenings, while the updated kitchen blends modern convenience with period style. Situated on nearly half an acre (0.49 acres), the home also offers a 2 car garage and a spacious yard ideal for entertaining or relaxing outdoors. Recent upgrades include a brand-new 200-amp electrical panel, fully updated wiring, and over 3,500 pounds of added insulation through Mass Save - ensuring both comfort and efficiency. This is a rare opportunity to own a piece of Springfield’s architectural history with all the updates for modern living!
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| May 18, 2023 | Sold | ||
| Sold | |||
| Apr 20, 2023 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017