51 Stratford Terrace
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 |
|---|---|---|---|
| Aug 29, 2025 | Sold | ||
| Sold | |||
| Jun 4, 2025 | In contract | - | |
| In contract | |||
| May 28, 2025 | Listed by Lock and Key Realty Inc. | $365,000 | |
| Listed by Lock and Key Realty Inc. | |||
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Welcome to 51 Stratford Terrace—a beautifully maintained home nestled in the sought-after Forest Park neighborhood of Springfield! This move-in ready gem offers the perfect mix of charm, space, and convenience. Step inside to find a bright and airy layout featuring gleaming quality vinyl flooring, a spacious living room with cozy fireplace, and an open-concept kitchen with granite countertops, center island, and plenty of cabinet space. The dining area is framed by large windows that fill the room with natural light—ideal for everyday meals or entertaining guests. Upstairs, generous bedrooms offer room to grow, while the finished third floor provides additional flex space for a home office, playroom, or guest suite. Step outside to your private backyard retreat—complete with a stone fire pit, paved patio, and swingset, all surrounded by a fully fenced yard. Whether you're hosting summer gatherings or relaxing with family, this outdoor space checks all the boxes! Book your showing today
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| Jan 29, 2015 | Sold | ||
| Sold | |||
| Sep 19, 2014 | Listed by Coldwell Banker Residential Brokerage - Longmeadow | $179,900 | |
| Listed by Coldwell Banker Residential Brokerage - Longmeadow | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017