New Listing
In-Person: 09/26 1:00 PM - 2:30 PM
228-232 Eastern Ave,Springfield, MA 01109
Springfield, MA 01109
Description
Turn-key 6-family investment opportunity featuring six 2-bedroom units across three floors. Most units have been renovated with updated kitchens, bathrooms, flooring, and finishes. Five units are currently leased with tenants in good standing and current on rent. One first-floor unit was recently turned over and is vacant, providing an opportunity for owner-occupancy or a new market-rate tenant. At full occupancy with current rents in place, the property generates over $94,000 in annual gross rental income. Tenants pay their own electric and gas utilities; owner pays water and sewer. Recent capital improvements include a $33,000 rebuild of the rear porch and newly replaced electric meters. Lead compliance certificates are available, and the property is up to date with current city requirements, including fire monitoring and an intercom system. Additional features include a corner lot and paved driveway with off-street parking for two vehicles. First open house Saturday, September 26, from 1:00 PM to 2:30 PM.
Details
| MLS # | 73580480 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1912 |
| Listing Provided By | MP Signature Realty LLC | Kevin Li |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 7,188 |
| Story(s) | 5 |
| Units | 6 |
| Zoning | C1 |
| Acreage | 0.07 |
Interior
| Rooms Total | 24 |
|---|---|
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Brick/Mortar |
|---|---|
| Lot Features | Corner Lot |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Paved Drive |
| Open Parking Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Annual Amount | 9355 |
|---|---|
| Tax Assessed Value | 605100 |
| Tax Year | 2026 |
Location
| Senior Community Yes / No | No |
|---|
Area Information
| State | MA |
|---|---|
| County | Hampden |
| City | Springfield |
| Zip Code | 01109 |
| Area | Hampden |
| Listing VS Median (in 01109) | |
Price: $699,000 low | high Med: $319,950 sqft: 7,188 low | high Med: 1,155 $ / sqft: $97 low | high Med: $282 | |
Market Activity 01109
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Learn More About This Property
| Open House |
|---|
| In-Person 09/26 1:00 PM - 2:30 PM |
| State | MA |
|---|---|
| County | Hampden |
| City | Springfield |
| Zip Code | 01109 |
| Area | Hampden |
| Listing VS Median (in 01109) | |
Price: $699,000 low | high Med: $319,950 sqft: 7,188 low | high Med: 1,155 $ / sqft: $97 low | high Med: $282 | |