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About this home
Strong investment property. This downtown Springfield investment property offers a $5,500+ monthly rent roll. The property consists of a joisted masonry building containing one 3BR apartment, one 5BR apartment, and ten garage bays that lease at a monthly rate of $150 each. Apartments feature a sunroom, and the 5BR apartment also has an office. The apartments are bright with renovated kitchens and a combination of hardwood and laminate flooring. The NOI is $50,579 and the cap rate is 13.35%. Located nearby to the Springfield FD Headquarters, the property offers access to major highways I-91, I-291 & I-90 (the Mass Pike); as well as area hospitals (under two miles to Baystate Medical Center and approximately one mile to Mercy Medical Center). The property is situated close to Springfield’s CBD, nearby to MGM Springfield and the Basketball Hall of Fame, within a 30 minute drive time of UMass Amherst and the Five College Area.
Metro Center, located between Court Square and the MGM Springfield district, is a civic and commercial Springfield neighborhood with a courthouse-lined streetscape and a rail-and-bus transit core. The character concentrates around Main Street at State Street, where lunch counters, coffee windows, and small storefronts cycle through the workday rush. Court Square’s monuments and mature trees frame a formal public-room feel, while nearby blocks mix early-20th-century masonry with newer infill. Symphony Hall anchors the cultural calendar, and the MassMutual Center draws concerts and conventions. The Riverfront Park edge adds open sky and long walks along the Connecticut River. Side streets shift quickly from office towers to pocket parks and historic facades.
Provided by Walk Score and Local Logic
Offer insights
69 Winter St · $379,000
$379K and above
75% chance or better to win
Why $379K+ is a strong offer
DAYS ON MARKET
89 days
The average home goes pending in 24 days.
SALE-TO-LIST
102.3%
Most homes are selling 2% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Living room
Kitchen
Sunroom
Insulated windows
Total of 15 rooms
Bathrooms
2 full bathrooms
Kitchen
Range
Refrigerator
Flooring
Wood
Laminate
Hardwood
Heating & cooling
Electric, steam and natural gas heating (2 heating units)