123 Pine St Springfield, MA 01105
Maple-High Six Corners NeighborhoodEstimated payment $1,933/month
Highlights
- 0.4 Acre Lot
- Property is near public transit
- Park
- Landscaped Professionally
- Wooded Lot
- Shops
About This Home
Cash-flowing property with long-term tenants and professional property management in place—management is eager to continue servicing the new owner. The roof is approximately three years old.This sale includes two abutting lots zoned R2, presenting a prime opportunity for investors and developers. Leverage the steady rental income to offset holding costs while planning your next project. Total monthly income is $2,700. Tenants pay their own electricity. Multiple investment strategies make this a rare opportunity for savvy buyers.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,748
Year Built
- Built in 1909
Lot Details
- 0.4 Acre Lot
- Fenced
- Landscaped Professionally
- Wooded Lot
Home Design
- Shingle Roof
Interior Spaces
- 1,588 Sq Ft Home
- Property has 1 Level
- Washer and Electric Dryer Hookup
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- 4 Car Parking Spaces
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Additional Features
- Bulkhead
- 220 Volts
Listing and Financial Details
- Rent includes unit 1(gas water), unit 2(gas water)
- Assessor Parcel Number 2601562
Community Details
Amenities
- Shops
- Coin Laundry
Recreation
- Park
Additional Features
- 2 Units
- Net Operating Income $32,400
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,896 | $184,700 | $24,300 | $160,400 |
| 2024 | $2,748 | $171,100 | $22,700 | $148,400 |
| 2023 | $2,474 | $145,100 | $21,600 | $123,500 |
| 2022 | $2,917 | $155,000 | $19,700 | $135,300 |
| 2021 | $2,570 | $136,000 | $17,900 | $118,100 |
| 2020 | $2,334 | $119,500 | $17,900 | $101,600 |
| 2019 | $1,940 | $98,600 | $17,900 | $80,700 |
| 2018 | $1,905 | $96,800 | $17,900 | $78,900 |
| 2017 | $1,917 | $97,500 | $14,300 | $83,200 |
| 2016 | $1,618 | $82,300 | $14,300 | $68,000 |
| 2015 | $1,483 | $75,400 | $14,300 | $61,100 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/19/2025 03/19/25 | For Sale | $319,900 | +60.0% | $201 / Sq Ft |
| 02/16/2024 02/16/24 | Sold | $200,000 | -4.3% | $165 / Sq Ft |
| 01/04/2024 01/04/24 | Pending | -- | -- | -- |
| 12/19/2023 12/19/23 | Price Changed | $209,000 | 0.0% | $173 / Sq Ft |
| 12/19/2023 12/19/23 | For Sale | $209,000 | +4.6% | $173 / Sq Ft |
| 12/03/2023 12/03/23 | Pending | -- | -- | -- |
| 11/30/2023 11/30/23 | For Sale | $199,900 | -- | $165 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $105,000 | None Available | |
| Deed | $10,300 | -- | |
| Foreclosure Deed | $128,893 | -- | |
| Deed | $145,000 | -- | |
| Deed | $96,000 | -- | |
| Deed | -- | -- | |
| Deed | $25,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $160,000 | Commercial | |
| Closed | $94,500 | New Conventional | |
| Previous Owner | $116,000 | Purchase Money Mortgage | |
| Previous Owner | $29,000 | No Value Available | |
| Previous Owner | $81,600 | Purchase Money Mortgage | |
| Previous Owner | $14,400 | No Value Available | |
| Previous Owner | $50,000 | Purchase Money Mortgage | |
| Previous Owner | $24,871 | Purchase Money Mortgage |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73347086
APN: SPRI-009715-000000-000165
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