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57-59 Martha St, Springfield MA 01151

$249,900

Estimated $740.04/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $124,950

Total Rent: 14640/year

Estimated CAP Rate: 3.79%

4 Bedrooms

2 Full Baths

1,976 SqFt

Total Parking: 4 (2 Garage)

5,401 SqFt

Charming 2-family home located at 57-59 Martha St in the Indian Orchard section of Springfield, offering a fantastic investment opportunity! While this property is in need of some work, it presents great potential for renovation and value-add. Perfect for owner-occupants or investors looking to customize and build equity. Situated in a convenient location close to shopping, schools, and major highways. Property being sold in "AS-IS" condition. Don't miss out on this opportunity to bring this home back to life!

This home has been viewed 104 times

Last Checked: February 24th, 2025 at 5:19am (Source: MLS PIN #73309893)

Gross Income: $14,640

Gross Expenses: $5,168

Net Income Calc: $9,472

CAP Rate: 3.79%

Annual Expenses for 57-59 Martha St, Springfield MA 01151

Total Gross Expenses (Calculated)$5,168/year

APOD AvailableNo

Heating

Electricity

Water$970

Gas$970

Insurance

Sewer$970

Trash Removal$180

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,018

Annual Income & Unit Breakdown for 57-59 Martha St, Springfield MA 01151

Total Gross Income (Calculated)$14,640

Unit 1

Rental Income$575

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water)

Unit 2

Rental Income$645

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water)

General Information for 57-59 Martha St, Springfield MA 01151

Listing ID73309893

Property TypeMulti Family / 2 Family

Price$249,900 ($126.47/SqFt)

Style2 Family - 2 Units Up/down

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total1,976 SqFt

Approximate Lot Size (Acres)0.12 acres

Total Parking4 (2 Garage)

Garage Parking2 / Detached

Year Built1924

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionBlock

Accessible Features

Outdoor SpaceEnclosed

ZoningB2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 57-59 Martha St, Springfield MA 01151

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$1,150

Total Gross Income By Broker$14,640

Total Net Income By Broker$13,490

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 57-59 Martha St, Springfield MA 01151

Real Estate Taxes$4,018

Tax Year2024

Assessed Value$250,200

Financial Data Source

Total Gross Expenses By Broker$1,150

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$14,640

BostonRealEstate.com Gross Income

Total Net Income By Broker$13,490

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.79%

Location Information for 57-59 Martha St, Springfield MA 01151

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Public Transportation, Sidewalks

Contact Information for 57-59 Martha St, Springfield MA 01151

Agent

Name: Carlos Dos Santos Jr.

Office

Name: Ideal Real Estate Services, Inc.

Phone: 413-583-8882

Payment Calculator

, Interest

Property Taxes 334.83

Principal & Interest 1539.8

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Ideal Real Estate Services, Inc.

Carlos Dos Santos Jr.

Agent Phone

Office Phone

(413) 583-8882

Text Agent Call Agent Call Office

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                    [name] => MLS22.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73309893&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2025-02-24 05:19:02
                    [modified] => 2025-02-24 05:19:02
                )

[22] => Array
                (
                    [id] => 73479515
                    [name] => MLS23.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73309893&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
                    [created] => 2025-02-24 05:19:02
                    [modified] => 2025-02-24 05:19:02
                )

[23] => Array
                (
                    [id] => 73479516
                    [name] => MLS24.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73309893&w=1024&h=768&n=24
                    [index] => 24
                    [enabled] => 1
                    [created] => 2025-02-24 05:19:02
                    [modified] => 2025-02-24 05:19:02
                )

)

)

EXIT