245 Allen 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 |
|---|---|---|---|
| Oct 17, 2025 | Sold | ||
| Sold | |||
| Sep 25, 2025 | In contract | - | |
| In contract | |||
| Aug 27, 2025 | Listed by Coldwell Banker Realty - Western MA | $309,900 | |
| Listed by Coldwell Banker Realty - Western MA | |||
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Welcome to 245 Allen Street, where timeless Colonial architecture meets spacious, modern living in one of Springfield’s most established neighborhoods. This beautifully laid-out 4-bedroom, 2 full bathroom home offers almost 2000 square feet of comfort, functionality, and charm. From the moment you arrive, you’ll be drawn in by its generous front porch, and the privacy of a fully fenced-in backyard—perfect for pets, play, and entertaining under the stars. Inside, the main floor flows effortlessly between living spaces, with plenty of windows providing an abundant of natural light. Upstairs, four well-sized bedrooms give everyone their own space to relax and recharge, while two full bathrooms offer convenience for growing households or guests. Need more space? You’ll love the bonus rooms in both the attic and basement—ideal for a home office, workout studio, guest suite, or creative hideaway. Come on out, check it out for yourself & lets real estate, together!
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| Mar 25, 2020 | Sold | ||
| Sold | |||
| Jan 2, 2020 | Listed by Kava Realty Group, Inc. | $169,000 | |
| Listed by Kava Realty Group, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017