OFF MARKET

Off Market Feb 2020 for $1M

—

•

23,435

sq ft

309 Bay St, Springfield, MA 01109

About this home

New to the market!! 16 unit building, with a cap rate of 11%. This asset is TURNKEY & is Project Based housing located in the McKnight neighborhood. This asset consists of two brick buildings that are 4 stories & are connected. There are 8 units in each building with a total of 23,235 SF. The unit mix consists of; 5: 2 bed / 1 bath units; 7: 3 bed/1 bath units; and, 4: 3 bed/ 2 bath units (2 bath are rare in this type of asset). The tenants pay utilities. Each unit has its own newer gas furnace & updated electrical with circuit breaker panels in each unit. The roof is a rubber membrane roof and there is some off-street parking available. This property has been well managed and maintained! Truly a turnkey investment opportunity.

Multi-familyProperty Type

1917Year Built

0.28 acresLot Size

$45Price/Sq.Ft.

7 spacesParking

Listed by Lisa Cozzi • Berkshire Hathaway Home Service New England Properties

Bought with Lisa Cozzi • Berkshire Hathaway Home Service New England Properties

Redfin checked: 2 minutes ago

•Source:MLS PIN #72590606

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 01109, MA

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

101.2%

+0.5% MoM

Median sale price

$310K

$70 MoM

Avg. days on market

26d

4 days MoM

Recently sold homes

3 MoM

New listings for sale

OPEN TUE, 5PM TO 6:30PM
$324,900
3 beds1.5 baths1,086 sq ft
19 Eldert St, Springfield, MA 01109
$260,000
2 beds1 bath530 sq ft
15 Alice St, Springfield, MA 01109
$315,000
3 beds1.5 baths1,645 sq ft
6 Mortimer St, Springfield, MA 01109
$465,000
6 beds3.5 baths2,213 sq ft
31-33 Hayden Ave, Springfield, MA 01109
$319,999
4 beds1 bath2,252 sq ft
43 Cornell St, Springfield, MA 01109
$199,999
2 beds1 bath725 sq ft
85 Silas St, Springfield, MA 01109
$200,000
3 beds1 bath660 sq ft
104 Balis St, Springfield, MA 01109
$295,000
4 beds3 baths2,134 sq ft
145 Hancock St, Springfield, MA 01109
$299,900
3 beds1.5 baths1,869 sq ft
1388 Bay St, Springfield, MA 01109
VIDEO TOUR
$319,900
3 beds1.5 baths996 sq ft
60 Barrison St, Springfield, MA 01109
See all

Provided by Redfin

Sale history for 309 Bay St

Year

Property tax

Land + Additions

Assessment*

2023

$19,507 (−11.3%)

$145,600 + $998,500

$1,144,100

2022

$22,004 (−0.6%)

$132,800 + $1,036,400

$1,169,200

2021

$22,136 (+10.9%)

$132,800 + $1,038,400

$1,171,200

2020

$19,952 (+16.3%)

$132,800 + $888,800

$1,021,600

2019

$17,159 (+21.0%)

$104,000 + $767,900

$871,900

2018

$14,185 (+11.2%)

$104,000 + $616,800

$720,800

2017

$12,761 (+6.0%)

$104,000 + $545,100

$649,100

2016

$12,044 (+3.0%)

$104,000 + $508,600

$612,600

2015

$11,690 (+12.8%)

$104,000 + $490,300

$594,300

2014

$10,365 (+4.3%)

$104,000 + $421,900

$525,900

2013

$9,934 (−0.6%)

$104,000 + $400,000

$504,000

2012

$9,994 (−7.0%)

$104,000 + $400,000

$504,000

2011

$10,743

$120,000 + $431,200

$551,200

Tax history for 309 Bay St

Year

Property tax

Land + Additions

Assessment*

2023

$19,507 (−11.3%)

$145,600 + $998,500

$1,144,100

2022

$22,004 (−0.6%)

$132,800 + $1,036,400

$1,169,200

2021

$22,136 (+10.9%)

$132,800 + $1,038,400

$1,171,200

2020

$19,952 (+16.3%)

$132,800 + $888,800

$1,021,600

2019

$17,159 (+21.0%)

$104,000 + $767,900

$871,900

2018

$14,185 (+11.2%)

$104,000 + $616,800

$720,800

2017

$12,761 (+6.0%)

$104,000 + $545,100

$649,100

2016

$12,044 (+3.0%)

$104,000 + $508,600

$612,600

2015

$11,690 (+12.8%)

$104,000 + $490,300

$594,300

2014

$10,365 (+4.3%)

$104,000 + $421,900

$525,900

2013

$9,934 (−0.6%)

$104,000 + $400,000

$504,000

2012

$9,994 (−7.0%)

$104,000 + $400,000

$504,000

2011

$10,743

$120,000 + $431,200

$551,200

*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

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

0.28 Acres

Year renovated

—

Sq. Ft.

23,435

Year built

1917

Style

Multi-Family (5+ Unit)

County

Hampden County

APN

2572973

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 20, 2023.

Property details

Parking

Parking Information
Parking Spaces: 7

Interior

Bathroom Information
# of Bathrooms (Full): 20

Interior Features
# of Rooms (Total): 75

Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: Y

Unit #2 Information
# of Levels: 1
# of Floors: 1
Lease: Y

Unit #3 Information
# of Levels: 4
# of Floors: 4
Lease: Y

Exterior

Building Information
Building Area (Total): 23,435
Foundation Details: Brick/Mortar
Construction Materials: Frame
Stories (Total): 6
Year Built Source: Public Records
Year Built Details: Actual
Lead Paint: None

Exterior Features
Roof: Rubber

Property Information
PropertySubType: 5+ Family - 5+ Units Up/Down

Lot Information
Lot Size (Acres): 0.28

Financial

Tax Information
Tax Annual Amount: $14,368
Tax Year: 2019

Utilities

Utility Information
Sewer: Public Sewer
Water Source: Public

Location

Location Information
Directions: Turn left on Saint James Ave, then Turn right onto Bay St.
UnparsedAddress: 309 Bay St, Springfield MA 01109

Community Information
Senior CommunityYN: No

Public facts

Beds: 43
Baths: —
Sq. Ft.: 23,435
Stories: 4.0
Lot Size: 0.28 acres
Style: Multi-Family (5+ Unit)
Year Built: 1917
Year Renovated: —
County: Hampden County
APN: 2572973

Home facts updated by county records on Jul 19, 2023

Other

Listing Information
StandardStatus: Closed

Around this home

Schools

Rebecca M Johnson School

Public PreK-5 • Assigned • 0.3mi

4/10

STEM Middle Academy

Public 6-8 • Assigned • 0.8mi

3/10

High School of Science and Technology (Sci-Tech)

Public 9-12 • Assigned • 0.9mi

1/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 99° expected this year, 16 days in 30 years

6/10 Wind Factor

27% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Springfield, MA • 01109

Average low and high temperatures (°F)

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.

9.1 hrs

4.3 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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New listings for sale in 01109

OPEN TUE, 5PM TO 6:30PM

$324,900

3 beds1.5 baths1,086 sq ft

19 Eldert St, Springfield, MA 01109

$260,000

2 beds1 bath530 sq ft

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$315,000

3 beds1.5 baths1,645 sq ft

6 Mortimer St, Springfield, MA 01109

$465,000

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31-33 Hayden Ave, Springfield, MA 01109

$319,999

4 beds1 bath2,252 sq ft

43 Cornell St, Springfield, MA 01109

$199,999

2 beds1 bath725 sq ft

85 Silas St, Springfield, MA 01109

$200,000

3 beds1 bath660 sq ft

104 Balis St, Springfield, MA 01109

$295,000

4 beds3 baths2,134 sq ft

145 Hancock St, Springfield, MA 01109

$299,900

3 beds1.5 baths1,869 sq ft

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Home values near 309 Bay St

Data from public records.

Address	Redfin Estimate
299 Bay Street, Springfield, MA 12 Beds \| 2 Baths \| 5264 Sq. Ft.	$350,470
329 Bay Street, Springfield, MA 10 Beds \| 3 Baths \| 4772 Sq. Ft.	$445,064

Address	Redfin Estimate
305 Bay Street, Springfield, MA 7 Beds \| 1.5 Baths \| 2500 Sq. Ft.	$285,767
308 Bay Street, Springfield, MA 8 Beds \| 2 Baths \| 2428 Sq. Ft.	$288,107

Address	Redfin Estimate
323 Bay Street, Springfield, MA 7 Beds \| 2 Baths \| 2858 Sq. Ft.	$374,231
332 Bay Street, Springfield, MA 3 Beds \| 1.5 Baths \| 1470 Sq. Ft.	$296,816

Property information provided by MLS PIN when last listed in 2019. This data may not match . Learn more.

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