Sold
Last Sold Price
18 beds6,156 sqft
254-256 Main St, Springfield, MA 01151
Multi FamilyProperty Type
0.15 acresLot Size
1910Year Built
$114/sq ftPrice per sq ft
6 carsParking Spaces

Description

Attention Investor! Take advantage of this six-unit property and start collecting rent immediately! This 6 unit has 6 three-bedrooms with separate utilities. 3 of the units have been renonvated. Common areas have new floor and paint through out. This property has been meticulously maintained and is in great shape! Rent is currently grossing $8830 a month with room to grow! This is a great opportunity to own a cash cow in this growing Springfield rental market! Proforma attached to listing. Showings...Attention Investor! Take advantage of this six-unit property and start collecting rent immediately! This 6 unit has 6 three-bedrooms with separate utilities. 3 of the units have been renonvated. Common areas have new floor and paint through out. This property has been meticulously maintained and is in great shape! Rent is currently grossing $8830 a month with room to grow! This is a great opportunity to own a cash cow in this growing Springfield rental market! Proforma attached to listing. Showings will be done at Open House 11/26 12-1:30pm! Highest and Best Tuesday 11/28 5:00pm!
  • Listed by: James Charles • Lock and Key Realty Inc.
Listing closed: 04/26/2024 12:00 AM • Source: MLS PIN, MLS#: 73180945

Recent comparable sales

Median sold price

$650,000

Avg days on market

66

Sale-to-list ratio

96.8%

Springfield, MA

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Location

Listing Courtesy of Lock and Key Realty Inc., James Charles

Sold By Real Broker MA, LLC, Brett Gelinas

Add your commute

Payment Calculator

$4,252 per month

30 year fixed, 6.71% Interest

Principal and Interest

$3,617

Property Taxes

$635

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 254-256 Main Street

Property Details
  • Taxes: $7,615 / year
  • MLS Type: Multi-family / 5+ Family - 5+ Units Up/Down
  • Town: Springfield
  • Area: MA-Springfield
  • Garage Spaces: 0
  • Open Parking Spaces: 6.00
  • Parking Spaces Total: 6
Building Information
  • Stories: 9
  • Residences: 6
  • Year Built: 1910
  • Lot Size: 0.15 AC / 6,599 SF
General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Laundromat, Highway Access, Public School
  • Current Financing: Conv. ARM
  • Living Area: 6156.0
  • Color: Yellow
  • SqFt with Basement: No
  • Total Units: 6
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Concrete Floor
  • Num of Baths: 6.0
  • Num of Full Baths: 6
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 6
  • DoorFeatures: Insulated Doors
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Vinyl, Carpet, Hardwood
  • Interior Features: Living Room, Kitchen
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Frame, Brick
  • Exterior Features: Porch
  • Lot Description: Cleared, Level
  • Patio And Porch Features: Porch
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Electric: Circuit Breakers, Individually Metered
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Electric Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Tax ID: S:08132 P:0062,2593573
  • Assessments: $446,600
  • Book: 24778
  • Tax Year: 2023
  • Zoning: SR3B1
Building / Association Information
Living Characteristics
  • Beds Total: 18
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Brick/Mortar
Income / Expenses
  • GOI: $8,830.00
  • NOI: $87,960.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $5,880.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: TBD

Property History for 254-256 Main Street

DateEvent & SourcePriceAppreciation
Apr 26, 2024

Sold

MLS PIN #73180945

$700,000
Nov 27, 2023

Under Agreement

MLS PIN #73180945

Nov 27, 2023

Contingent

MLS PIN #73180945

DateEvent & SourcePrice
04/26/2024

Sold

MLS PIN #73180945

$700,000
11/27/2023

Under Agreement

MLS PIN #73180945

11/27/2023

Contingent

MLS PIN #73180945

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

Public Records for 254-256 Main Street

Taxable ValueLand$41,800Additions$525,200Total$567,000
Tax Record2024$9,106 ($759 / month)
Home Facts
Total Finished SqFt8,208 SqFtAbove Grade Finished SqFt8,208 SqFtStories3Lot Size6,599 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningSR3B1CountyHAMPDENAPNSPRI S:08132 P:0062

Schools near 254-256 Main Street

This home is within Springfield School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Indian Orchard Elementary School
PublicPK to 5

John F Kennedy Middle School
Public6 to 8

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 254-256 Main Street, Springfield, MA 01151
$700,000
18
6,156
6,599
$299,000
19
15,606
6,600
$299,000
8,208
6,599
2
826
$270,000
10
6,200
3,302
$210,000
6,200
3,302

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lock and Key Realty Inc., James Charles

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.