485 Bay St Springfield, MA 01109
Bay NeighborhoodEstimated payment $2,549/month
Highlights
- Enclosed Patio or Porch
- Level Lot
- Vinyl Flooring
- Living Room
About This Home
Well-maintained multi-family opportunity offering strong income potential. This property features teo units with spacious layouts, separate utilities, and off-street parking. Conveniently located near shopping, public transportation, schools, and major routes. Ideal for investors or owner-occupants looking to build equity while generating rental income. Property offers solid bones with upside potential for increased rents or value-add improvements. Easy access to local amenities and highways. Don’t miss this opportunity to own a versatile income-producing property in a convenient Springfield location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,405
Year Built
- Built in 1922
Lot Details
- 4,792 Sq Ft Lot
- Level Lot
Home Design
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,670 Sq Ft Home
- Property has 1 Level
- Living Room
- Vinyl Flooring
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Parking
- 5 Car Parking Spaces
- Driveway
- 5 Open Parking Spaces
- Off-Street Parking
Outdoor Features
- Enclosed Patio or Porch
Schools
- Springfield Public Elementary And Middle School
- Springfield Central High School
Community Details
- 2 Units
- Net Operating Income $15,000
Listing and Financial Details
- Assessor Parcel Number 2572956
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 | $3,793 | $241,900 | $29,800 | $212,100 |
| 2024 | $3,405 | $212,000 | $29,800 | $182,200 |
| 2023 | $3,304 | $193,800 | $27,100 | $166,700 |
| 2022 | $3,271 | $173,800 | $25,400 | $148,400 |
| 2021 | $3,194 | $169,000 | $23,000 | $146,000 |
| 2020 | $2,967 | $151,900 | $23,000 | $128,900 |
| 2019 | $2,747 | $139,600 | $23,000 | $116,600 |
| 2018 | $2,675 | $135,900 | $23,000 | $112,900 |
| 2017 | $2,570 | $130,700 | $23,000 | $107,700 |
| 2016 | $2,216 | $112,700 | $23,000 | $89,700 |
| 2015 | $2,191 | $111,400 | $23,000 | $88,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/30/2026 04/30/26 | Price Changed | $430,000 | -2.3% | $161 / Sq Ft | |
| 04/14/2026 04/14/26 | Price Changed | $440,000 | -2.2% | $165 / Sq Ft | |
| 03/31/2026 03/31/26 | For Sale | $450,000 | +324.5% | $169 / Sq Ft | |
| 07/17/2012 07/17/12 | Sold | $106,000 | -11.6% | $46 / Sq Ft | View Prior Sale |
| 06/17/2012 06/17/12 | Pending | -- | -- | -- | |
| 11/22/2011 11/22/11 | For Sale | $119,900 | -- | $52 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $200,000 | -- | |
| Quit Claim Deed | $200,000 | -- | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | $106,000 | -- | |
| Quit Claim Deed | $106,000 | -- | |
| Quit Claim Deed | $106,000 | -- | |
| Deed | $85,000 | -- | |
| Deed | $85,000 | -- | |
| Deed | $85,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $275,000 | New Conventional | |
| Closed | $275,000 | New Conventional | |
| Previous Owner | $104,080 | FHA | |
| Previous Owner | $28,330 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73493941
APN: SPRI-001085-000000-000365
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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