Active
3 Days on market
201-203 College St Springfield — Photo 1 of 39

201-203 College St Springfield — Photo 1 of 39

$449,900

201-203 College St, Springfield, MA 01109

Springfield, MA 01109

Investor Analysis

Beds

6

Baths

3

SqFt

3,212

Style

3 Family - 3 Units Up/Down

Built

1916

Excellent investment opportunity with this legal three-family property, tenanted by the same reliable non-profit for the past four years. Fully remodeled in 2022 with updated cabinets, refinished flooring, and renovated bathrooms, this property also features major updates including a new roof (2024), new furnace and water heaters (2021), new doors, new insulation (2022), electrical panels (2021), and a rebuilt porch (2024).Please note that photography reflects the property's condition following its 2022 renovation & previous staging; minor cosmetic wear commensurate with ongoing tenancy may be observed in person. On-site parking and a two-car garage abut a nicely sized, fenced-in yard, providing tenants with green space while maintaining low maintenance for investors. Strong rental demand and solid proximity to local institutions make this an ideal income-producing asset. Group showings scheduled for next week with advance notice.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$140/sqft
Local Avg (Springfield)$156/sqft
10% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Springfield, MA.

Property Details

Financials

Original Price$449,900
Annual Taxes$4,972

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms15
FireplacesNone
FlooringWood
BasementFull

Climate & Utilities

HeatingForced Air, Natural Gas, Electric
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationBrick/Mortar
ZoningR2

Property & Lot

Acres0.11
SqFt Lot5,001
Lot Features--

Amenities & Appliances

Range • Dishwasher • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat

Geography

Population

31,124

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$48K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

52.4%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Hampden County

358 housing units permitted in the last 12 months (+18% vs the prior 12 months) — 63 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Alex Anthony

Listing Office: William Raveis R.E. & Home Services

MLS® Number: 73578606

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