Beds
6
Baths
3
SqFt
2,902
Style
3 Family
Built
1924
Well-maintained multifamily property offering an excellent opportunity for both investors and owner-occupants. The property features three units, including a spacious first-floor unit with 3 bedrooms, a second-floor unit with 2 bedrooms, and a third-floor unit with 1 bedroom. Two units are currently vacant, providing a great opportunity for an owner-occupant or allowing a new investor to select tenants and establish market rents. The first-floor tenant currently rents the garage, providing additional income potential. With a strong rental layout, flexible occupancy options, and a history of good maintenance, this property is a great opportunity to generate income and build long-term equity.
Market Value Analysis
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Springfield, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Population
27,405
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$51K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
54.9%
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 Agent: Paul Hernandez
Listing Office: Five Stars Realty LLC
MLS® Number: 73571371
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