$2,090,000
$60K PRICE DROP

Estimated payment $13,108/month

Total Views 26,303
17 Beds
17 Baths
12,184 Sq Ft
$172 Price per Sq Ft

Highlights

  • Medical Services
  • Property is near public transit and schools
  • Jogging Path
  • City View
  • Wood Flooring
  • Porch

About This Home

Exceptional investment opportunity at 91 E Park Street! This 17-unit apartment building consists entirely of one-bedroom apartments, offering a desirable and easy-to-manage unit mix with strong rental demand. Currently generating approximately $21,153 in gross monthly income, the property has only one vacant unit, providing immediate upside through lease-up.The consistent unit configuration supports operational efficiency, simplified management, and stable occupancy. Conveniently located minutes from MGM Springfield, downtown Springfield, major highways, public transportation, shopping, and local amenities, the property is well-positioned to attract and retain tenants.Whether you're looking to expand your portfolio or acquire a stabilized multifamily asset with additional income potential, 91 E Park Street presents a strong investment opportunity in Springfield's growing rental market.

Listing Agent

Raquel Medina

Lock and Key Realty Inc. Listed on: 04/19/2026

Lock and Key Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,033

Year Built

  • Built in 1930

Parking

  • Off-Street Parking

Home Design

  • Brick Foundation
  • Tar and Gravel Roof

Interior Spaces

  • 12,184 Sq Ft Home
  • Property has 1 Level
  • Living Room
  • Dining Room
  • City Views
  • Basement Fills Entire Space Under The House
  • Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 17 Full Bathrooms

Additional Features

  • Porch
  • 4,151 Sq Ft Lot
  • Property is near public transit and schools
  • No Cooling

Listing and Financial Details

  • Rent includes unit 2(heat hot water)
  • Assessor Parcel Number S:04320 P:0020,2582628

Community Details

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path

Additional Features

  • 17 Units
  • Net Operating Income $30,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,033

Year Built

Built in 1930

Lot Details

4,151 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1930
  • Levels: 4
  • Year Built Details: Actual
  • APOD AVAILABLE: No
  • MLSPIN_BEACHFRONT_FLAG: No
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Tile, Varies, Hardwood
  • Interior Amenities: Living Room, Dining Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 17
  • Basement YN: Yes
  • Full Bathrooms: 17
  • Total Bathrooms: 17
  • Basement: Full
  • Above Grade Finished Sq Ft: 12184
  • Living Area: 12184
  • Spa YN: No
  • Stories Total: 4
  • MAIN LO: AN5521

Exterior Features

  • Foundation Details: Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Tar/Gravel
  • View: City View(s)
  • View YN: Yes
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, Varies per Unit
  • Cooling: None
  • Cooling Y N: No
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, University
  • Rent Includes: Unit 2(Heat,Hot Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: S:04320 P:0020,2582628
  • Zoning: C1
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.1
  • Lot Size Sq Ft: 4151
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 21033

Multi Family

  • Net Operating Income: 30900
  • Number Of Units Total: 17
  • Total Actual Rent: 21250
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: Y
  • LEASE 1: Y

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/02/2026 07/02/26 Price Changed $2,090,000 -2.8% $172 / Sq Ft
04/19/2026 04/19/26 For Sale $2,150,000 -- $176 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73504070

MLS Property Information Network (MLS PIN)
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