*Highest and best offer due by Monday 6/23 at Noon* Attractively priced, low maintenance, and high rent potential are all featured in this newer construction side by side two family. A fantastic investment property, this two unit multifamily has a VACANT 3 bedroom unit which...
This home has been viewed 18 times
Last Checked: June 26th, 2025 at 8:18am (Source: MLS PIN #73392921)
Gross Income: $16,800
Gross Expenses: $6,855
Net Income Calc: $9,945
CAP Rate: 2.49%
Annual Expenses for 581-583 Armory St, Springfield MA 01104
Total Gross Expenses (Calculated)$6,855/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$6,855
Annual Income & Unit Breakdown for 581-583 Armory St, Springfield MA 01104
Total Gross Income (Calculated)$16,800
Unit 1
Rental Income$1,400
LeaseY
Bedrooms3
Bathrooms1 Full, 1 Half
Floor1
Levels in Unit2
HeatingNo
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full, 1 Half
Floor1
Levels in Unit2
HeatingNo
Rent Includes
General Information for 581-583 Armory St, Springfield MA 01104
Listing ID73392921
Property TypeMulti Family / 2 Family
Price$399,900 ($180.14/SqFt)
Style2 Family - 2 Units Side By Side
CitySpringfield
CountyHampden
MLS Area
Neighborhood(s)
Approximate Living Area Total2,220 SqFt
Approximate Lot Size (Acres)0.13 acres
Total Parking6
Garage Parking
Year Built2006
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor Space
ZoningR2
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 581-583 Armory St, Springfield MA 01104
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$0
Total Gross Income By Broker$16,800
Total Net Income By Broker$16,800
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnGross/full Sale Price
Financial Information for 581-583 Armory St, Springfield MA 01104
Real Estate Taxes$6,855
Tax Year2025
Assessed Value$437,200
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$16,800
BostonRealEstate.com Gross Income
Total Net Income By Broker$16,800
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)2.49%
Location Information for 581-583 Armory St, Springfield MA 01104
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 581-583 Armory St, Springfield MA 01104