$479,900
PENDING $45K PRICE DROP

Estimated payment $3,019/month

Total Views 23,345
8 Beds
4.5 Baths
5,408 Sq Ft
$89 Price per Sq Ft

Highlights

  • Medical Services
  • Open Floorplan
  • Wood Flooring
  • City View
  • Property is near public transit
  • 2 Fireplaces

About This Home

Attention Investors & FHA/VA Buyers Take Notice of this Amazing Investment Opportunity In Springfield! 4 Family Brick Building a Short walk to MGM Casino in Thriving Downtown Springfield, MA Home of the Basketball Hall of Fame. Also located close to highways, entertainment, restaurants & hotels This is an Amazing Opportunity to add to or begin your investment portfolio! 3 Bedroom unit will be delivered Vacant! Current rents are under market allowing you for upside opportunities! Recent price drop due to seller having other business interests. You can now get this 4 unit for the price of 2 units in Springfield! Don't Miss Out On This Deal!

Last Listed By

Jim Charles

Lock and Key Realty Inc. Listed on: 11/18/2024

Lock and Key Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,661

Year Built

  • Built in 1897

Lot Details

  • 2,187 Sq Ft Lot
  • Corner Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Brick Foundation
  • Rubber Roof

Interior Spaces

  • 5,408 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • 2 Fireplaces
  • Living Room
  • City Views
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms

Parking

  • 1 Car Parking Space
  • Driveway
  • Open Parking

Outdoor Features

  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 4 Cooling Zones
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number S:08218 P:0024,2594010

Community Details

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park

Additional Features

  • 4 Units
  • Net Operating Income $54,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,661

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family - 4 Units Up/Down
  • Year Built: 1897
  • Levels: 4
  • Year Built Details: Actual
  • Compensation Based On: Compensation Offered but Not in MLS
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Tile, Vinyl, Carpet, Laminate, Hardwood
  • Interior Amenities: Upgraded Cabinets, Open Floorplan, Living Room, Kitchen
  • Fireplace YN: Yes
  • Fireplaces: 2
  • Total Bedrooms: 8
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Total Bathrooms: 4.5
  • Basement: Full
  • Above Grade Finished Sq Ft: 5408
  • Living Area: 5408
  • Spa YN: No
  • Stories Total: 4
  • MAIN LO: AN5521
  • LIST PRICE PER Sq Ft: 88.74
  • PRICE PER Sq Ft: 88.74

Exterior Features

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

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Natural Gas
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 4
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: S:08218 P:0024,2594010
  • Zoning: C1
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Sq Ft: 2187
  • Lot Size Units: Acres
  • PAGE: 180

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5661
  • Tax Book Number: 25023

Multi Family

  • Gross Income: 54900
  • Net Operating Income: 54900
  • Number Of Units Total: 4
  • Total Actual Rent: 4575
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • COOLING UNITS: 4
  • LEVELS 2: 1
  • LEASE 4: Y
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

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 $5,598 $357,000 $22,200 $334,800
2024 $5,661 $352,500 $20,800 $331,700
2023 $4,135 $242,500 $35,000 $207,500
2022 $4,396 $233,600 $11,200 $222,400
2021 $5,447 $204,300 $48,200 $156,100
2020 $5,447 $198,100 $48,200 $149,900
2019 $2,795 $197,600 $47,700 $149,900
2018 $0 $201,900 $47,700 $154,200
2017 $0 $201,300 $39,000 $162,300
2016 -- $191,600 $39,000 $152,600
2015 -- $182,600 $39,000 $143,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2025 04/14/25 Price Changed $479,900 -3.0% $89 / Sq Ft
04/09/2025 04/09/25 Price Changed $494,900 -1.0% $92 / Sq Ft
03/10/2025 03/10/25 Price Changed $499,900 -1.4% $92 / Sq Ft
03/04/2025 03/04/25 Price Changed $507,000 -1.6% $94 / Sq Ft
02/21/2025 02/21/25 Price Changed $515,000 -0.9% $95 / Sq Ft
02/03/2025 02/03/25 Price Changed $519,900 -1.0% $96 / Sq Ft
11/18/2024 11/18/24 For Sale $525,000 +16.7% $97 / Sq Ft
05/30/2023 05/30/23 Sold $450,000 0.0% $83 / Sq Ft
04/17/2023 04/17/23 Pending -- -- --
04/11/2023 04/11/23 For Sale $450,000 +56.0% $83 / Sq Ft
01/25/2022 01/25/22 Sold $288,500 0.0% $53 / Sq Ft
11/09/2021 11/09/21 Pending -- -- --
11/09/2021 11/09/21 For Sale -- -- --
10/22/2021 10/22/21 Off Market $288,500 -- --
10/21/2021 10/21/21 Pending -- -- --
03/27/2021 03/27/21 For Sale $299,000 -- $55 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Deed $36,000 --
Deed $36,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $450,000 Purchase Money Mortgage
Closed $450,000 Purchase Money Mortgage
Closed $230,800 Purchase Money Mortgage
Previous Owner $100,000 Commercial
Source: Public Records

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73313759

MLS Property Information Network (MLS PIN)

APN: SPRI-008218-000000-000024