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.
Old Hill, located between State Street and the Connecticut River, is a historic and residential Springfield neighborhood with hillside streets and a patchwork of brick and clapboard homes. The neighborhood’s character concentrates around the State Street corridor near Mason Square, where corner markets, barbershops, and longtime eateries set a steady, street-level rhythm. Victorian-era houses and early-20th-century multifamily buildings shape the blocks, with mature trees softening the slopes. Footpaths and overlooks in nearby Forest Park add a green counterpoint to the urban grid. Cultural anchors such as the Springfield Museums and Symphony Hall sit close by, with the Basketball Hall of Fame along the riverfront. The setting links daily errands with museum days and park loops without leaning on a car for every trip.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Total of 24 rooms
Each unit is leased
Bathrooms
Six full bathrooms
Exterior features
Corner lot
Home design
5-9 family multiunit building
Five stories
Parking
Paved driveway with 2 open parking spaces (2 total spaces)
Construction
Brick/mortar foundation
Approximate year built (public records)
Lead paint certified treated
Utilities
Public water
Public sewer
HOA & community
Not a senior community
Other
Total building area about 7,188 sq ft
Lot size about 0.07 acres
Directions: Use GPS
Listing status: Active
Electricity and solar
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