298 Oakland St Springfield, MA 01108
Forest Park NeighborhoodEstimated payment $3,089/month
About This Home
Cash-flowing 4-family! A great fit for first-time homebuyers needing a vacant, rent-ready unit or long-term investors focused on steady income. With reliable cash flow, low operating expenses, and clear rent-growth potential, it delivers both immediate return and long-term upside. All four units are spacious 2-bed/1-bath layouts with separate utilities that are the tenants’ responsibility. All four units come with lead certificates, and the property is equipped with an alarm system, newer furnaces, newer electrical, dedicated off-street parking, and coin-operated laundry to boost revenue. A strong, stable building in a central location—ready for its next owner to step in and capitalize!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,502
Year Built
- Built in 1900
Home Design
- Quadruplex
- Block Foundation
Interior Spaces
- 3,924 Sq Ft Home
- Property has 1 Level
- Block Basement Construction
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Parking
- 4 Car Parking Spaces
- Shared Driveway
- Open Parking
- Off-Street Parking
Additional Features
- Enclosed Patio or Porch
- 4,600 Sq Ft Lot
- Property is near public transit
- 4 Heating Zones
Community Details
- 4 Units
- Net Operating Income $47,400
Listing and Financial Details
- Assessor Parcel Number S:09210 P:0059,2598600
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/19/2025 11/19/25 | For Sale | $499,000 | -- | $127 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73456525
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