Great investment opportunity! This well-maintained 4-unit building offers 11 bedrooms and strong income potential. There will be one vacant unit at closing! The other units have reliable tenants, so it provides immediate cash flow. Each unit has separate utilities, helping keep owner expenses low. With stable occupancy, solid rental history, and potential for future rent growth, this is an excellent opportunity to secure a high-performing, income-producing asset. Well cared for and consistently maintained, this property presents a turnkey opportunity for both seasoned investors and those looking to grow their portfolio. There is also potential to expand the attic, offering added value and additional possibilities. Conveniently located near local amenities, shopping, dining, and transportation, making it highly attractive for renters.
Multi-familyProperty Type
1923Year Built
4,025 sq ftLot Size
$127Price/Sq.Ft.
Listed by Ashley Jones• Coldwell Banker Realty - Western MA
Listed by • Coldwell Banker Realty - Western MA
Bought with Tonya Branen• Century 21 McLennan & Company
Fantastic opportunity to own a 4 Unit building with 11 BR, lots of income potential! Two occupied units with good paying tenants. Two empty units to occupy, update, or rehab as you'd like. All units have separate utilities. Open to various offer and structure types.
MLS PIN #72766250
Oct 1, 2021
Sold
$345,300
$77/sq ft
Jul 28, 2021
Contingent
—
Jul 17, 2021
Price Changed
$347,800
$77/sq ft
Jul 7, 2021
Relisted
—
May 12, 2021
Contingent
—
Apr 26, 2021
Price Changed
$347,900
$77/sq ft
Apr 16, 2021
Relisted
—
Apr 13, 2021
Listed
—
Dec 11, 2020
Listed
$348,000
$77/sq ft
Popular location across from Starbucks, 2 blocks from MGM is where the updated 4 unit building sits!.. 3 bedrooms each unit and utilities are separated! Many updates including roof, windows, siding and porches! The apartments are in good condition as well. Updated electric! Long term tenants! This building has been owned by the same family for decades and has been well cared for. Now is your opportunity to make it your own and enjoy the benefits of all the work that has been done. Group Showing Wednesday July 21st @ 4pm. Please register with list agent to attend.
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 (2-4 Unit)
County
Hampden County
APN
S:08255 P:0056
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.
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
Open Parking Spaces: 0
Interior
Bathroom Information
# of Bathrooms (Full): 4
Basement Information
Basement: Unfinished
Appliances
Appliances: Range, Refrigerator
Interior Features
# of Rooms (Total): 19
Flooring: Wood, Tile, Vinyl
Interior Features: Ceiling Fan(s), Pantry, Bathroom With Tub & Shower, Lead Certification Available, Living Room, Kitchen
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #2 Information
# of Levels: 1
# of Floors: 2
Lease: N
Unit #3 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #4 Information
# of Levels: 1
# of Floors: 2
Lease: N
Exterior
Building Information
Building Area (Total): 4,500
Foundation Details: Brick/Mortar
Construction Materials: Frame
Stories (Total): 4
Year Built Source: Public Records
Year Built Details: Actual
Color: Grey
Lead Paint: Certified Treated
Exterior Features
Roof: Shingle
Patio And Porch Features: Porch, Deck - Wood
Property Information
PropertySubType: 4 Family
Above Grade Finished Area: 4500
Levels: 4
Lot Information
Lot Size (Acres): 0.09
Lot Features: Cleared, Level
Road Surface Type: Paved
Financial
Tax Information
Tax Annual Amount: $6,430
Tax Year: 2025
Utilities
Utility Information
Utilities: for Gas Range, for Electric Range
Sewer: Public Sewer
Water Source: Public
Electric: Circuit Breakers
Heating & Cooling
Has Heating
Has Cooling
Heating: Electric, Natural Gas
Cooling: Window Unit(s)
Location
Location Information
Directions: Use GPS
UnparsedAddress: 55-59 Margaret St, Springfield MA 01105
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, University
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Hampden County
APN: S:08255 P:0056
Home facts updated by county records on Jul 25, 2025
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
White Street School
Public PreK-5 • Assigned • 1.6mi
7/10
South End Middle School
Public 6-8 • Assigned • 0.1mi
3/10
High School Of Commerce
Public 9-12 • Assigned • 0.8mi
2/10
Provided by GreatSchools
Historical weather
Springfield, MA • 01105
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
78/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$555,000 – $672,000
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