Fabulous and rare opportunity to purchase this pristine seven unit building in prime location. Each unit is sleek and stylish, with large rooms, soaring ceilings, and condo quality finishes. The property is meticulously maintained and renovated with a fastidious attention to detail, in both design and structure. Newer roof, updated gas heating systems, new fire system, replacement windows and renovated kitchens and bathrooms with energy and water efficient appliances and fixtures. Separate meters for gas and electric. Certificates of Lead Paint Compliance are available for all units. Fully rented with great income and plenty of room to increase rent roll. Excellent rental history demonstrates extremely low occupancy rate in this hot rental market. Perfect investment or a great owner occupant opportunity!
Multi-familyProperty Type
1915Year Built
7,148 sq ftLot Size
$36Price/Sq.Ft.
4 spacesParking
Listed by Oleg Abramchuk• First NationWide Realty Inc.
SHORT SALE APPROVED FOR LIST PRICE! OUT OF TOWN OWNER SAYS SELL!CASH COW! POSITIVE CASH FLOW IS WHAT MAKES THIS A FABULOUS INVESTMENT. TWO 3 BEDROOM TOWNHOUSE STYLE UNITS ARE RENTED AT $750/MONTH. THREE 2 BEDROOMS ARE RENTED AT $600/MONTH, ONE 2 BEDROOM UNIT IS RENTED AT $550/MONTH AND ONE 1 BEDROOM RENTED FOR $450. CURRENTLY GROSSING $4,400. TENANTS PAY THEIR OWN UTILITIES. 8 CIRCUIT BREAKER BOXES, 7 BOILERS AND 7 HOT WATER TANKS, VINYL SIDING, VINYL REPLACEMENT WINDOWS AND RUBBER MEMBRANE ROOF
Public Records
Jun 1, 2005
Sold
$310,000
$43/sq ft
Public Records
Oct 7, 2003
Sold
$225,000
$31/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$8,414 (+4.2%)
$22,800 + $470,700
$493,500
2022
$8,078 (+4.3%)
$20,800 + $408,400
$429,200
2021
$7,743 (+19.4%)
$18,900 + $390,800
$409,700
2020
$6,486
$18,900 + $313,200
$332,100
2019
$6,485 (+5.9%)
$18,900 + $310,600
$329,500
2018
$6,124 (+7.7%)
$18,900 + $292,300
$311,200
2017
$5,686 (+6.5%)
$15,200 + $274,000
$289,200
2016
$5,338 (+3.3%)
$15,200 + $256,300
$271,500
2015
$5,167 (+13.1%)
$15,200 + $247,500
$262,700
2014
$4,569 (+8.5%)
$19,900 + $211,900
$231,800
2013
$4,210 (−0.6%)
$19,900 + $193,700
$213,600
2012
$4,236 (−11.0%)
$19,900 + $193,700
$213,600
2011
$4,759
$52,500 + $191,700
$244,200
Tax history for 225 Oakland St
Year
Property tax
Land + Additions
Assessment*
2023
$8,414 (+4.2%)
$22,800 + $470,700
$493,500
2022
$8,078 (+4.3%)
$20,800 + $408,400
$429,200
2021
$7,743 (+19.4%)
$18,900 + $390,800
$409,700
2020
$6,486
$18,900 + $313,200
$332,100
2019
$6,485 (+5.9%)
$18,900 + $310,600
$329,500
2018
$6,124 (+7.7%)
$18,900 + $292,300
$311,200
2017
$5,686 (+6.5%)
$15,200 + $274,000
$289,200
2016
$5,338 (+3.3%)
$15,200 + $256,300
$271,500
2015
$5,167 (+13.1%)
$15,200 + $247,500
$262,700
2014
$4,569 (+8.5%)
$19,900 + $211,900
$231,800
2013
$4,210 (−0.6%)
$19,900 + $193,700
$213,600
2012
$4,236 (−11.0%)
$19,900 + $193,700
$213,600
2011
$4,759
$52,500 + $191,700
$244,200
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
15
Baths
—
Stories
3
Lot width
—
Lot depth
—
Lot size
6,970 Sq. Ft.
Year renovated
—
Sq. Ft.
7,288
Year built
1915
Style
Multi-Family (5+ Unit)
County
Hampden County
APN
2598636
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
RES C
High Density Residential District
Multi-family residential
Permitted uses
Include but are not limited to:
Agriculture
Garden center
Housing-Senior
Housing-Other
Property details
Parking
Parking Information
Has Open Parking
Parking Spaces: 4
Parking Features: Paved Drive, Off Street, Other
Interior
Bathroom Information
# of Bathrooms (Full): 7
Basement Information
Basement: Full, Concrete
Interior Features
# of Rooms (Total): 29
Window Features: Insulated Windows
Flooring: Carpet, Hardwood
Interior Features: Lead Certification Available, Living Room, Kitchen
Unit #1 Information
# of Levels: 2
# of Floors: 2
Lease: Y
Unit #2 Information
# of Levels: 2
# of Floors: 1
Lease: Y
Unit #3 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #4 Information
# of Levels: 1
# of Floors: 2
Lease: Y
Exterior
Building Information
Building Area (Total): 7,288
Foundation Details: Block
Construction Materials: Frame
Stories (Total): 7
Year Built Source: Public Records
Year Built Details: Actual
Color: Yellow
Lead Paint: Certified Treated
Exterior Features
Roof: Rubber
Patio And Porch Features: Porch
Property Information
PropertySubType: 5-9 Family
Lot Information
Lot Size (Acres): 0.16
Lot Features: Corner Lot
Road Surface Type: Paved
Road Frontage Type: Public
Road Responsibility: Public Maintained Road
Financial
Tax Information
Tax Annual Amount: $4,569
Tax Year: 2014
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Electric: Circuit Breakers, Individually Metered
Heating & Cooling
Has Heating
Heating: Forced Air
Heating Units: 7
Location
Location Information
Directions: Off Orange Street
UnparsedAddress: 225 Oakland St, Springfield MA 01108
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, Sidewalks
Public facts
Beds: 15
Baths: —
Sq. Ft.: 7,288
Stories: 3.0
Lot Size: 6,970 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1915
Year Renovated: —
County: Hampden County
APN: 2598636
Home facts updated by county records on Jul 19, 2023
Other
Miscellaneous Information
Heat Zones: 7
Listing Information
StandardStatus: Closed
Around this home
Schools
Kensington International School
Public PreK-5 • Assigned • 0.1mi
4/10
Forest Park Middle School
Public 6-8 • Assigned • 0.4mi
3/10
Springfield High School
Public 9-12 • Assigned • 0.3mi
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Springfield, MA • 01108
Average low and high temperatures (°F)
32
18
35
19
52
32
62
41
70
51
82
61
86
66
82
59
77
56
66
44
52
35
37
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.