Timeless character with modern updates. This exceptional two-family located in the heart of the Historic McKnight District. Rich in architectural detail, each residence is separated by its own brick firewall, offering privacy while showcasing craftsmanship and charm of a bygone era. From the original hardwood floors and exposed brick, this property is full of warmth and character. Both units offer spacious layouts, while one features an impressive primary suite. Additional finished space on the third floors provides flexibility for expanded living areas. Multiple screened porches create the perfect place to enjoy the changing seasons.Recent improvements include updated electrical service, 2008 roof, newer boiler, freshly painted exterior. Outside offers an expansive backyard, and a detached two-car garage. INVESTORS, this is an outstanding opportunity to own a well-maintained property with strong income in one of Springfield's most desirable historic neighborhoods. Motivated Seller
Add a strong income-producing property to your portfolio with this two-family home, currently generating $4,800 in total monthly rental income. Leased tenants are in place, with the second-floor unit scheduled to be vacant at the end of October, offering added flexibility for an owner-occupant or investor looking to secure a new tenant at market rent. The low-maintenance yard helps keep upkeep simple and costs manageable. Looking to maximize your return? There is potential to explore the addition of a third-floor unit, subject to obtaining the necessary city permits, approvals, and meeting applicable building requirements.Whether you're an experienced investor looking to expand your portfolio or just getting started in real estate investing, this property offers current rental income and exciting possibilities for future growth. Don't miss this opportunity to invest in your future!
Welcome to 524 Goodwin Street, Springfield, MA! This beautifully updated duplex is the perfect opportunity for both owner-occupants and investors. Built in 1968, this well-maintained property features two spacious units with modern, updated kitchens and renovated bathrooms that blend style and functionality. Each unit offers comfortable living spaces, making it ideal for first-time homebuyers looking to offset their mortgage with rental income or for investors seeking a turnkey addition to their portfolio. Conveniently located in a desirable neighborhood close to schools, shopping, restaurants, parks, and major highways, this property offers both comfort and convenience. Whether you’re looking to live in one unit and rent the other or add a solid income-producing property to your investments, this move-in-ready duplex is one you won’t want to miss!
Well-maintained two-family property on a corner lot with separate utilities for each unit, offering an excellent opportunity for both owner-occupants and investors. Both units are occupied by stable long-term tenants, with one tenant currently in the process of relocating, potentially resulting in a vacant unit at closing. One unit also includes an additional room that could serve as a second bedroom, home office, or flex space. A rare bonus is the 26' x 50' detached two-story concrete block outbuilding with electricity, located at the rear of the property. The corner lot provides easy access to the outbuilding, making it ideal for a contractor, workshop, warehouse, storage, or other potential income-producing uses. With immediate rental income and a unique detached outbuilding offering additional potential, this property presents exceptional value and versatility.
IMMEDIATE OCCUPANCY! Whether you’re looking to expand your investment portfolio or occupy one unit while generating rental income from the other, this two-family property offers plenty of possibilities. Each unit features 2 bedrooms, a living room, dining area, full bath, and a kitchen with stone countertops. Both units have their own porches providing outdoor space to enjoy. The unfinished walk up third floor includes three additional rooms, offering an opportunity for added living area, a home office, bedrooms, or storage. Off-street parking is conveniently located in the rear of the property. Major improvements include a roof approximately 6–7 years old and heating systems and mechanicals that are approximately 2–3 years old. Located near shopping, restaurants, parks, public transportation, and major routes, this property is ready for its next owner. Open House Saturday, June 27th from 11:30am-1:00pm.
Strong investment property. This downtown Springfield investment property offers a $5,500+ monthly rent roll. The property consists of a joisted masonry building containing one 3BR apartment, one 5BR apartment, and ten garage bays that lease at a monthly rate of $150 each. Apartments feature a sunroom, and the 5BR apartment also has an office. The apartments are bright with renovated kitchens and a combination of hardwood and laminate flooring. The NOI is $50,579 and the cap rate is 13.35%. Located nearby to the Springfield FD Headquarters, the property offers access to major highways I-91, I-291 & I-90 (the Mass Pike); as well as area hospitals (under two miles to Baystate Medical Center and approximately one mile to Mercy Medical Center). The property is situated close to Springfield’s CBD, nearby to MGM Springfield and the Basketball Hall of Fame, within a 30 minute drive time of UMass Amherst and the Five College Area.
Welcome to 130-132 West Alvord Street, a well-maintained two-family property located in a desirable Springfield neighborhood. This turnkey multifamily home presents an outstanding opportunity for investors seeking strong cash flow or owner-occupants looking to offset their mortgage with rental income. Major updates have already been completed, including a newer roof, updated windows, and two newer boilers, providing added value and peace of mind. Both units will be delivered vacant at closing, offering immediate flexibility for a new owner to occupy or lease at market rent. Conveniently located near schools, shopping, restaurants, public transportation, and major highways, this property offers both comfort and convenience for tenants and homeowners alike. Whether you’re expanding your investment portfolio or purchasing your first multifamily property, this income-producing home combines solid rental potential, key mechanical updates, and a prime location.
Discover the perfect blend of investment potential and flexibility at 59-61 Carlisle Street! Located in Springfield’s highly desirable Upper Hill neighborhood, this versatile multi-family home is ideal for savvy investors or multi-generational living. The property features a classic two-family layout: the first and second floors are 3-bed, 1-bath units, complemented by a third-floor in-law studio. Enjoy peace of mind with recent mechanical updates, including a 5-year-young furnace and a brand-new electric water heater, plus separate utilities for easy management. Outside, a detached two-car garage offers secure off-street parking, a workshop, or extra storage. Superbly located, you'll have effortless access to Route 91 and the Mass Pike, and you're just a quick drive from AIC, MGM Casino, MassMutual & shopping. This Upper Hill gem delivers function and convenience in one package. Schedule your tour today and explore the possibilities!
Prime Mixed-Use Investment Opportunity! 704-708 Sumner Ave offers a unique opportunity to own a mixed-use property with both commercial and residentialincome potential. The street-level commercial space features excellent frontage, prominent signage, multiple offices, reception and waiting areas, making it idealfor professional, medical, retail, or service-based businesses. Above, residential apartments provide additional income and long-term investment value. Theproperty offers off-street parking, separate utilities, multiple electrical panels, 15 year old roof and a flexible layout suited for owner-occupants and investors alike.Earning $4,700 per month rental income, there is room to increase rents to market rent. Its classic brick exterior provides timeless curb appeal while its high-trafficlocation ensures outstanding visibility. Conveniently located near Forest Park, MGM Springfield, downtown Springfield, & major highways including I-91 & the MATurnpike.
Motivated seller!! Welcome to 201 Main Street in Indian Orchard! A fantastic investment opportunity! This three-family home offers spacious 3-bedroom units on each floor, with one vacant unit ready for an owner-occupant or new tenant. Each apartment features generous layouts, separate utilities, and strong rental potential, making this property a true cash cow. Separate utilities! Conveniently located near bus routes, shopping centers, and local amenities, this multifamily is just a 5-minute drive to Boston Road’s new Springfield Crossing Center, offering easy access to restaurants, retail, and more. Whether you’re looking to expand your portfolio or live in one unit while tenants help pay the mortgage, this property is a smart and strategic choice. Don’t miss out on this income-producing gem in a prime location!
Open house canceled for 8/9/26. Welcome to 108 Marble Street, Springfield, MA—a fantastic multi-family opportunity for investors and owner-occupants alike. This well-maintained property offers spacious units with bright living areas, functional kitchens, generous bedrooms, and strong income potential. Ideal for rental income, multi-generational living, or building long-term wealth through real estate. Conveniently located near downtown Springfield, MGM Springfield, Baystate Medical Center, Springfield College, Western New England University, Forest Park, and the Basketball Hall of Fame. Easy access to I-91, I-291, Route 20, Union Station, shopping, restaurants, and public transportation makes this property highly desirable for commuters and tenants. Off-street parking and outdoor space add to the appeal. Don't miss this excellent income-producing property in a prime Springfield location.
Unit 1 is now vacant! Welcome to 64 Thompson Street, Springfield, MA—a fantastic two-family property offering flexibility, income potential, and value. Featuring 6 bedrooms and 2 full bathrooms across two spacious units, this property is ideal for investors seeking strong rental income or owner-occupants looking to offset their mortgage with tenant revenue. Each unit offers comfortable living space, functional layouts, and ample room for today's lifestyle. Conveniently located near downtown Springfield, MGM Springfield, Baystate Medical Center, Springfield College, Western New England University, Forest Park, and the Naismith Memorial Basketball Hall of Fame. Easy access to I-91, I-291, Route 20, Union Station, shopping, dining, and public transportation makes this an attractive location for commuters and tenants alike. A great opportunity to build equity and generate income in one of Springfield's established neighborhoods.
Rare opportunity to own a duplex with off street paved parking area. Duplex has one unit vacant ready to occupy and move in ready. Each side has a refrigerator, stove, and hookups for washer and dryer in separated basements. Each unit has spacious kitchen with eat in area, large bright living room, two large bedrooms upstairs with full bathroom. Long term tenant on left side of Duplex to remain with sale.
Great investment opportunity!! Nice 4 Family with great rents and plenty of updates! 1 unit was just turned over and now vacant, ready for a new Tenant or Owner. 3 units have lead certificates. All spacious 2 bedrooms units. Gas heating. Back porches and stairs were replaced less than 2 yrs ago. Plenty of parking with a 3 car garage. Short distance to Interstate 91, Basketball Hall of Fame, The Mass Mutual Center, recent revitalized downtown area, new businesses and restaurants and blocks to MGM Grand Casino.
Attention investors! Well maintained 3 family property with separate utilities, off street parking & garage. Each unit has separate gas hot water baseboard heating boiler, gas hot water tank, electric & water meter. Unit 831 (1st floor) has kitchen & dining room with tile floors; living room with hardwood floor; 2bedrooms with closets; full bath with tub & tile floor; in-unit laundry; and backyard area with gazebo. Unit 827 (1st floor) has kitchen; living room; bedroom with closet; full bath with tub & tile floor; laundry hookups in the basement; and backyard deck. Unit 829 (2nd floor) has kitchen; large living room; 2 bedrooms; full bath with tub; backyard deck; laundry hookups in the basement; and use of garage. The house is conveniently located with easy access to parks, hospitals, highways and other area amenities.
Current rent roll: $6,700/month (one vacant unit)Pro forma rent roll: $7,700/month once fully leased (remaining unit estimated at $1,000/month based on market comps) Great investment opportunity - This mixed-use property offers a total gross building area of approximately 9,494 square feet and includes two storefronts, three residential units above the commercial space, and a separate two-family in the rear, providing multiple income streams and long-term tenant stability. The left storefront includes a large display window, two spacious rooms and oil heat. The right storefront offers a prominent display window, open layout, and gas heat. Above the storefronts are three residential units: a three-bedroom one-bath unit with oil heat, hardwood floors, and a rear porch; a two-bedroom one-bath unit with gas heat, hardwood floors, and rear and side. porch; and a one-bedroom one-bath unit with gas heat, hardwood floors, and a porch. In the rear of the property is a separate two-family featuring a three-bedroom one-bath unit with a front porch and gas heat, as well as a two-bedroom one-bath unit with a front porch and gas heat.
Guess what?! Here is another shot at owning a HOT income producing property in Springfield! Due to buyer default, this home is BACK ON THE MARKET and ready for a new set up of buyers. The home has recently been brought up to FHA appraisal standards including brand new hot water tanks and furnaces. This large 2 family home consists of a first floor unit containing 3 bedrooms and one bathroom. Unit 2 spans across the second and third floor containing 6 bedrooms total (2 bedrooms on floor 2 and 4 bedrooms on floor 3) and 2 full bathrooms (one on each floor). This is an easy drive to major highways, stores, and downtown. Schedule a viewing today!
Prime investment opportunity awaits with this expansive multifamily apartment building offering strong rental income, excellent tenant appeal, and an unbeatable location. This well-maintained property features a diverse mix of spacious units, designed to attract long-term occupants and maximize year-over-year returns.Inside, residents enjoy generously sized living spaces with functional layouts, abundant natural light, and modernized kitchens and baths. Mechanical systems have been updated for efficiency and long-term durability, including newer heating, plumbing, and electrical improvements that support low-maintenance ownership. The exterior boasts professional management, secured entry, and dedicated off-street parking, with convenient enhancements such as coin-op laundry and private patios. Zoned for multifamily use, the property presents a scalable investment primed with recent MAJOR updates. This building is a must see to appreciate the long term addition to your portfolio!!
Springfield is located in Massachusetts. Springfield, Massachusetts has a population of 155,770. Springfield is less family-centric than the surrounding county with 19.09% of the households containing married families with children. The county average for households married with children is 23.64%.
The median household income in Springfield, Massachusetts is $43,308. The median household income for the surrounding county is $61,310 compared to the national median of $69,021. The median age of people living in Springfield is 33.5 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 14.8 degrees. The average rainfall is approximately 46.3 inches per year, with 40.2 inches of snow per year.
