Beautiful brick, 8 unit building located near colleges, downtown Springfield, bus route, shopping and major highways. Building was renovated in 2004 and all hardwood floors have been refinished. Empty lot next door has been paved (included in sale price and on separate deed) and could be used for parking for tenants or sold for commercial space. Buyer to verify with city for intended use and to verify all information for accuracy.
This home has been viewed 201 times
Last Checked: June 28th, 2025 at 4:29am (Source: MLS PIN #73183836)
Gross Income: $55,800
Gross Expenses: $9,855
Net Income Calc: $45,945
CAP Rate: 4.69%
Annual Expenses for 12 Hancock St, Springfield MA 01109
Total Gross Expenses (Calculated)$9,855/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$9,855
Annual Income & Unit Breakdown for 12 Hancock St, Springfield MA 01109
Total Gross Income (Calculated)$55,800
Unit 1
Rental Income$1,200
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$1,200
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$1,200
Lease
Bedrooms2
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingNo
Rent Includes
Unit 4
Rental Income$1,050
Lease
Bedrooms2
Bathrooms1 Full
Floor4
Levels in Unit1
HeatingNo
Rent Includes
General Information for 12 Hancock St, Springfield MA 01109
Listing ID73183836
Property TypeMulti Family / 5+ Family
Price$980,000
Style5-9 Family
CitySpringfield
CountyHampden
MLS Area
Neighborhood(s)
Approximate Living Area Total
Approximate Lot Size (Acres)0.08 acres
Total Parking0
Garage Parking
Year Built1909
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesOther
Foundation Area
Foundation DescriptionBrick/Mortar
Accessible Features
Outdoor Space
ZoningB1
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 12 Hancock St, Springfield MA 01109
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceEstimated, Owner
Total Gross Expenses By Broker$35,555
Total Gross Income By Broker$109,800
Total Net Income By Broker$74,245
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 12 Hancock St, Springfield MA 01109
Real Estate Taxes$9,855
Tax Year2023
Assessed Value$578,000
Financial Data SourceEstimated, Owner
Total Gross Expenses By Broker$35,555
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$109,800
BostonRealEstate.com Gross Income
Total Net Income By Broker$74,245
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)4.69%
Location Information for 12 Hancock St, Springfield MA 01109
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesShopping, Medical Facility, Laundromat, Public Transportation
Contact Information for 12 Hancock St, Springfield MA 01109