FABULOUS LOCATION- situated on a DOUBLE LOT (Potential building lot), this UNIQUE property blends timeless character with fantastic upgrades conveniently located near local amenities while offering an exceptional opportunity for multigenerational living, owner occupancy with phenomenal rental income, or investment. Rich in historic charm, the main home at 726 Main St. welcomes you with stunning wide plank pine floors, a grand winding staircase, and classic architectural details that create a warm and inviting atmosphere. Upon entering, you’ll find a flexible room ideal as a formal dining room, home office, or additional bedroom. Across the hall is a spacious first-floor bedroom complete with a walk-in closet. The expansive living room centers around a beautiful fireplace and offers ample space for entertaining, along with the potential for a built-in china cabinet. The remodeled kitchen refreshed perspective, featuring stainless steel appliances, white oak hardwood floors, a large walk-in pantry, center island, and a remodeled half bath. Just beyond the kitchen is a dedicated laundry area leading into a bright conservatory overlooking the picturesque backyard with mature fruit-bearing trees. Upstairs, you’ll discover three generously sized bedrooms, each featuring beautiful wide plank pine flooring and abundant closet space. The primary suite offers dual closets and direct access to the remodeled bathroom, where you’ll find a custom tiled shower and additional storage. The finished third floor provides excellent flexibility for a home office, playroom, hobby space, guest area, or storage. Adding even more value is the separate residence at 724 Main St., an approximately 1,200-square-foot rental offering 3 bedrooms, 1 full and 1 half bathroom, laundry hookups, and its own private living space. Whether you’re looking to offset your mortgage with rental income, accommodate extended family, or expand your investment portfolio, this rare property offers the perfect blend of historic charm, flexibility, and income-producing potential. Seller states upgrades to include: 2- circuit breaker boards, replacement windows throughout, conservatory addition (2010), gas heat switchover (2012), roof on main house (2021), roof on side second unit (tenant) (2025), concrete kneewall- bsmt (2025), chimney repointed (tenant side) (2025). Get in FAST!!!
Discover an exceptional investment opportunity at 438 Springfield Street, Agawam, Massachusetts. This meticulously maintained 16-unit multifamily property, originally constructed in 1965, offers approximately 7,680 square feet of living space and is fully occupied, providing immediate, stable cash flow for investors.The building features 16 residential units, with a total of 16 bedrooms and 16 full bathrooms, spread across two stories on a 13,440-square-foot lot. The property has been well maintained and is positioned for continued long-term performance.Recent capital improvements include the installation of new heat pumps in every unit, providing tenants with efficient heating and air conditioning while enhancing the property’s long-term value and reducing future capital expenditure needs. Additional income is generated through an on-site coin-operated laundry, producing approximately $150 per month.The property’s July 2026 trailing 12-month (T12) Net Operating Income (NOI) is approximately $162,300. At an 8.0% capitalization rate, this supports an estimated value of approximately $2,028,750, reflecting the property’s strong and improving operating performance.The list price has been increased to reflect the improved July 2026 T12 financial performance, as well as multiple offers received at the previous list price. Buyers are encouraged to review the updated financials when evaluating the property’s current value.Whether you are completing a 1031 exchange, expanding an existing multifamily portfolio, or seeking a stable, income-producing asset in a desirable Western Massachusetts market, 438 Springfield Street offers an outstanding combination of current cash flow, recent capital improvements, and future upside.Highlights* 16-unit multifamily investment* Approximately 7,680 square feet* Built in 1965* Fully rented with stable occupancy* New heat pumps installed in every unit* On-site laundry generating approximately $150 per month* July 2026 T12 NOI: $162,300* Supports an estimated value of approximately $2,028,750 at an 8.0% capitalization rate* List price increased based on improved T12 financial performance and strong buyer interest* Offers due by August 27, 2026
