$409,000

Estimated payment $2,492/month

Total Views 105,329
8 Beds
2 Baths
3,520 Sq Ft
$116 Price per Sq Ft

Highlights

  • Medical Services
  • Property is near public transit and schools
  • Sun or Florida Room
  • City View
  • Wood Flooring
  • Window Unit Cooling System

About This Home

Strong investment property. This downtown Springfield investment property offers a $5,500 monthly rent roll. The property consists of a joisted masonry building containing one 3BR apartment, one 5BR apartment, and eight garage bays that lease at a monthly rate of $150 - $250 each. Apartments feature a sunroom, and the 5BR apartment also has an office. The apartments are bright with renovated kitchens and a combination of hardwood and laminate flooring. The projected NOI is $55,359 and the cap rate is 12.9%. Located nearby to the Springfield FD Headquarters, the property offers access to major highways I-91, I-291 & I-90 (the Mass Pike); as well as area hospitals (under two miles to Baystate Medical Center and approximately one mile to Mercy Medical Center). The property is situated close to Springfield’s CBD, nearby to MGM Springfield and the Basketball Hall of Fame, within a 30 minute drive time of UMass Amherst and the Five College Area.

Listing Agent

Tim Thompson

Timothy Thompson Listed on: 10/22/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,641

Year Built

  • Built in 1890

Parking

  • 9 Car Garage
  • Driveway
  • Open Parking

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Shingle Roof

Interior Spaces

  • 3,520 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Living Room
  • Sun or Florida Room
  • City Views
  • Range

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Garage Access
  • Block Basement Construction

Utilities

  • Window Unit Cooling System
  • 2 Heating Zones
  • Heating System Uses Natural Gas
  • Heating System Uses Steam
  • Separate Meters

Additional Features

  • Rain Gutters
  • 6,617 Sq Ft Lot
  • Property is near public transit and schools

Listing and Financial Details

  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number S:12395 P:0023,2613229

Community Details

Recreation

  • Park

Building Details

  • Electric Expense $500
  • Insurance Expense $2,000
  • Water Sewer Expense $2,000
  • Operating Expense $10,641
  • Net Operating Income $55,359

Additional Features

  • 2 Units
  • Medical Services

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,641

Year Built

Built in 1890

Lot Details

6,617 Sq Ft Lot

Parking

9

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1890
  • Levels: 3
  • Year Built Details: Actual
  • Year Round: Yes
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood, Laminate, Hardwood
  • Interior Amenities: Living Room, Kitchen, Sunroom
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 8
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full, Garage Access, Concrete, Unfinished
  • Above Grade Finished Sq Ft: 3520
  • Living Area: 3520
  • Spa YN: No
  • Stories Total: 3
  • Window Features: Insulated Windows
  • MAIN LO: AN7830

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Brick
  • Foundation Details: Brick/Mortar
  • Home Warranty YN: No
  • Road Surface Type: Paved
  • Roof: Shingle
  • View: City View(s)
  • View YN: Yes
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 9
  • Covered Parking Spaces: 9
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Other

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Oven
  • Cooling: Window Unit(s)
  • Heating: Electric, Steam, Natural Gas
  • Cooling Y N: Yes
  • Electric: Circuit Breakers, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Medical Facility, Highway Access, Public School, Sidewalks
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2000

Lot Info

  • Parcel Number: S:12395 P:0023,2613229
  • Zoning: B1
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.15
  • Lot Size Sq Ft: 6617
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4641.34

Multi Family

  • Electric Expense: 500
  • Insurance Expense: 2000
  • Net Operating Income: 55359
  • Number Of Units Total: 2
  • Operating Expense: 10641
  • Total Actual Rent: 5500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $0 $292,500 $62,300 $230,200
2024 $0 $289,000 $62,300 $226,700
2023 $5,433 $237,000 $55,700 $181,300
2022 $6,018 $50,300 $23,400 $26,900
2021 $0 $153,800 $48,900 $104,900
2020 $6,018 $153,400 $48,900 $104,500
2019 $5,919 $150,600 $46,500 $104,100
2018 $6,114 $145,200 $46,500 $98,700
2017 $6,114 $156,500 $46,500 $110,000
2016 $5,879 $152,300 $46,500 $105,800
2015 $5,688 $146,700 $46,500 $100,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2025 10/22/25 For Sale $409,000 -- $116 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Source: Public Records

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73446364

MLS Property Information Network (MLS PIN)

APN: SPRI-012395-000000-000023

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