In walking distance to MGM make this multi family your new investment property! Current owner has done a lot of renovations and this property is ready for a new owner! Pizza store on the first floor has been here for many years and is staying. This property can also be purchased with 463-465 state street!
Multi-familyProperty Type
1900Year Built
3,319 sq ftLot Size
$112Price/Sq.Ft.
5 spacesParking
Listed by Andrew Rodman• Lock and Key Realty Inc.
Bought with Leonard Antoine• Elevate Properties, LLC
Huge Price Drop!! Potential to earn $5,800+ monthly rental income! Undervalued 6 unit building consisting of 2 retail storefronts and 4 residential units under $250K! Steady long-term rental income from 2 storefront units leased until 6/2025 by pizza store at current monthly rent of $2,400 w/ annual rent increases. Pizza store has additional 5-year renewal option (from 6/2025 – 6/2030) at monthly rent from $2,700 - $2,900. Custom renovate the 4 apartments and earn almost $6K per month of rental income making this undervalued building a cash cow!
MLS PIN #70089199
Dec 29, 2004
Sold
$255,000
$46/sq ft
Sep 12, 2004
Listed
$299,999
$55/sq ft
GREAT INVESTMENT-POSITIVE CASH FLOW !!!!!!! BRICK BUILDING IN GREAT CONDITION WITH 4 APARTMENTS PLUS VIDEO STORE (1050/MO.) AND PIZZA RESTAURANT WITH A 10 YEAR LEASE (800/MO).TOTAL MONTHLY INCOME FOR ALL 6 UNITS (4,175)!!!!!!
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Hampden County
APN
S:11110 P:0568,2606724
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jul 25, 2025.
BUS A
General Business District
Main Street and pedestrian oriented shopping districts with residential allowed.
Permitted uses
Include but are not limited to:
Agriculture
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Other
Park & open space
Property details
Parking
Parking Information
Parking Spaces: 5
Interior
Bathroom Information
# of Bathrooms (Full): 4
# of Bathrooms (Half): 2
Interior Features
# of Rooms (Total): 16
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #2 Information
# of Levels: 1
# of Floors: 1
Lease: N
Exterior
Building Information
Building Area (Total): 5,500
Foundation Details: Brick/Mortar
Stories (Total): 3
Year Built Source: Public Records
Year Built Details: Actual
Lead Paint: Certified Treated
Property Information
PropertySubType: 5+ Family - 5+ Units Up/Down
Lot Information
Lot Size (Acres): 0.08
Lot Features: Level
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $6,661.43
Tax Year: 2023
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Location
Location Information
Directions: Walnut street to State street
UnparsedAddress: 447-451 State St, Springfield MA 01105
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Public School
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Hampden County
APN: S:11110 P:0568,2606724
Home facts updated by county records on Jul 25, 2025
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Milton Bradley School
Public PreK-5 • Assigned • 0.4mi
5/10
South End Middle School
Public 6-8 • Assigned • 0.8mi
3/10
High School Of Commerce
Public 9-12 • Assigned • 0.1mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Springfield, MA • 01105
Average low and high temperatures (°F)
32
18
35
19
52
32
62
41
70
51
82
61
87
67
82
61
76
56
66
44
52
35
37
22
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Feb
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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.