228 Belmont Ave

Springfield, MA 01108

$1,500,000
Price
24
Beds
13,410 Sq. Ft.
$112 / Sq. Ft.
13,410
Sq. Ft.
$112
per Sq. Ft.
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Description

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...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.
  1. Listed by Patriot Living Group • Lock and Key Realty Inc.
  2. Listed by Stacey Silvia • Lock and Key Realty Inc.

Property Details for 228 Belmont Avenue

Town
Springfield
MLS Area
Forest Park
Area
MA-Springfield-Forest Park, MA-Springfield
Garage Spaces
0
Parking Spaces
12.00
Parking Spaces Total
12
LISTING UPDATED: 12/15/2025 12:45 PM

Property Details for 228 Belmont Avenue

StatusActive
MLS #73461145
Days on Market18
Taxes$11,004 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1915
CountyHampden County

Location

Listing Courtesy of Lock and Key Realty Inc., Patriot Living Group; Lock and Key Realty Inc., Stacey Silvia
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Building Information for 228 Belmont Avenue

Stories5Residences8Year Built1915Building Size-Lot Size0.28 AC / 12,349 SF

Payment Calculator

$8,329 per month

30 year fixed, 6.28% Interest

Principal and Interest

$7,412

Property Taxes

$917

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 228 Belmont Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Walk/Jog Trails, Highway Access, House of Worship, Sidewalks
  • Living Area: 13410.0
  • Color: Brick
  • SqFt with Basement: No
  • Total Units: 8
  • Waterfront: No
  • Water View: No
  • Year Built Details: Renovated Since
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Partially Finished, Walk Out, Concrete Floor, Unfinished Basement
  • Num of Baths: 8.0
  • Num of Full Baths: 8
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 8.00
  • Bathrooms Total Integer: 8
  • DoorFeatures: Insulated Doors
  • FireplaceYN: Yes
  • Fireplaces: 1
  • Flooring: Hardwood
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Brick
  • Exterior Features: Fenced Yard, Integrated Pest Management, Deck - Wood, Patio
  • Fencing: Fenced/Enclosed, Fenced
  • Lot Description: Level
  • Patio And Porch Features: Deck - Wood, Patio
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Electric: Individually Metered
  • Green Indoor Air Quality: Integrated Pest Management
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public, Dead End
  • Disclosures: Tenants may have audio/visual recording devices. Showing for vacant unit only until inspections. Washer Dryer Coin Ops not included in on income. Fireplaces no longer operational. Reference attached document for income and expenses
Tax Information
  • Listing Terms: Contract
  • Tax ID: S:01235 P:0046,2573302
  • Assessments: $701,800
  • Book: 23990
  • Tax Year: 2025
  • Zoning: R3
Building / Association Information
Living Characteristics
  • Beds Total: 24
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Brick/Mortar
  • Foundation Area: 2812.0
  • Frontage: 125.00
  • Levels: 5
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 1
  • Heat Zones: 9
Income / Expenses
  • Annual Expenses Source: Owner, Pro. Forma Available
  • Gross Scheduled Income: $.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 0
  • Lease U2: Y
  • Levels U2: 0
Rental Info
Rental Info
  • Total Actual Rent: $.00

Property History for 228 Belmont Avenue

DateEvent & SourcePriceAppreciation
Dec 9, 2025

Listed (Active)

MLS PIN #73461145

$1,500,000—
Jan 30, 2006

Sold (Public Record)

Public Record #190639767

$360,000

+19.9% / yr

Jan 30, 2006

Sold

MLS PIN #70272135

$360,000—
Oct 13, 2005

Under Agreement

MLS PIN #70272135

—
Oct 13, 2005

Contingent

MLS PIN #70272135

—
Oct 3, 2005

Listed (Active)

MLS PIN #70272135

$375,000—
Jun 2, 1997

Sold (Public Record)

Public Record #87432924

$75,000—
DateEvent & SourcePrice
12/09/2025

Listed (Active)

MLS PIN #73461145

$1,500,000
01/30/2006

Sold (Public Record)

Public Record #190639767

$360,000

+19.9% / yr

01/30/2006

Sold

MLS PIN #70272135

$360,000
10/13/2005

Under Agreement

MLS PIN #70272135

—
10/13/2005

Contingent

MLS PIN #70272135

—
10/03/2005

Listed (Active)

MLS PIN #70272135

$375,000
06/02/1997

Sold (Public Record)

Public Record #87432924

$75,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 228 Belmont Avenue

Taxable ValueLand$26,800Additions$675,000Total$701,800
Tax Record2025$11,004 ($917 / month)
Home Facts
Total Finished SqFt13,410 SqFtAbove Grade Finished SqFt13,410 SqFtStories4Lot Size12,349 SqFtStyleMulti-Family Res (5+ Units)Year Built1915ZoningR3CountyHAMPDENAPNSPRI S:01235 P:0046

Schools near 228 Belmont Avenue

This home is within Springfield School District.
Rating
School
Type
Grades
Distance
Sumner Avenue School
Public - PK to 5
Forest Park Middle School
Public - 6 to 8
High School of Science and Technology (Sci-Tech)
Public - 9 to 12
Putnam Vocational Technical High School
Public - 9 to 12
Rating
School
Distance
Sumner Avenue School
PublicPK to 5

Forest Park Middle School
Public6 to 8

High School of Science and Technology (Sci-Tech)
Public9 to 12

Putnam Vocational Technical High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 228 Belmont Avenue, Springfield, MA 01108

228 Belmont Avenue is a multi-family home for sale in Springfield, MA 01108. This property was listed for sale on December 9, 2025 by Lock and Key Realty Inc., it's currently listed at $1,500,000. It has been on the market for a total of 18 days and was last sold on January 30, 2006. This listing's school district is Springfield School District. Nearby schools include Sumner Avenue School, Forest Park Middle School and High School of Science and Technology (Sci-Tech). 228 Belmont Avenue is a 24-bed, 8-bath, 13,410 sqft multi-family home built in 1915.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lock and Key Realty Inc., Patriot Living Group; Lock and Key Realty Inc., Stacey Silvia

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.