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Springfield 01118 East Forest Park
58 Gilman St
Photo of 58 Gilman St
Sold on Oct 15, 2025

18

Map

Photo of 58 Gilman St
Photo of 58 Gilman St
$271,500
● House - Off Market

58 Gilman St

Springfield, MA 01118
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,109 Ft²
$1,605
Est. Monthly
6.76%
Cap Rate

About This Property

Buyer's financing fell through, and this rare opportunity is back on market and open for showings! Located in one of East Forest Park's most desirable neighborhoods near the East Longmeadow line, this low-maintenance, move-in-ready home features refinished hardwood floors, an updated kitchen and bath, and a sunny dining room with new flooring that opens to the back deck. Enjoy a flat, easy-to-maintain yard, detached one-car garage, and a full basement-perfect for storage or future living space. Gas heat and updated electrical add to the value. Ideal for one-level living, first-time buyers, or an addition to your rental portfolio.
Unit Size
1,109 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$243
Property Type
House
Property Taxes
$279
HOA Dues
-
Year Built
1942

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 12 months ago (MLSPIN #73417190)

Price History

Date / Event Date Event Price
Oct 15, 2025 Sold
Premium
Sold
Sep 4, 2025 In contract -
In contract
Aug 29, 2025 Relisted $269,900
Relisted
Aug 22, 2025 In contract -
In contract
Aug 13, 2025 Listed by Lock and Key Realty Inc. $269,900
Listed by Lock and Key Realty Inc.
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 14
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 140
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,737
  • Total Building Area: 890
  • Gross Building Area: 890
  • Building Area: 890
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 890
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000132
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Springfield School District
  • School Tax School District: SPRINGFIELD SD
  • Census Tract: 802500

Zoning

  • Zoning: R1

Geography

  • Account Number: 56700012
  • Parcel: SPRI S:05670 P:0012
  • Municipality: SPRINGFIELD
  • Latitude: 42.0864
  • Longitude: -72.5342

    Address

  • Full Address: 58 Gilman St
  • Address - House Number: 58
  • Address - Street Name: Gilman
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C048
  • 4-Digit Zip Code: 2243
  • Zip Code: 01118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $301,800

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 230,315
  • High Value: 271,760
  • Low Value: 188,871

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $177,000
  • Assessed Land Value: $44,200
  • Assessed Improvements Value: $132,800

    Sales

  • Current Sale Recording Date: Mar 01, 1995
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About East Forest Park

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$228

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1515 ft²

Average Home Age

77.6 years

Currently For Sale

26 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 12 months ago
Data Source: MLS PIN, MLS# 73417190

Frequently Asked Questions

When was property at 58 Gilman Street built and last sold?
The property at 58 Gilman Street was built in 1942 and last sold on Jan 1, 1970 for $71,500.
How much is this home worth?
The estimated value of the home located at 58 Gilman Street is $0.
What are some comparable homes to 58 Gilman Street?
There are currently no comparable homes to 58 Gilman Street.
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