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$349,900
Est. payment /mo
7 Beds
2.5 Baths
2,246 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 2,246 sqft
Price per Sqft $155
MLS Listing ID 73448210
Bedrooms 7
Full Baths 2
Half Baths 1
Year Built 1988
Annual Tax Amount $3,610
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Multi Family
Property Description
Built in 1988 with 7 bedrooms and 2.5 bathrooms. New roof and fully paid-off solar panel system installed in 2023. Practically eliminates heating and electric costs thanks to solar energy. Owner-occupied for over 20 years, ensuring excellent maintenance. Owner's Unit (2nd & 3rd Floors): Spacious 4-bedroom, 1.5-bathroom layout. Second floor features living room, kitchen, 2 bedrooms, and full bathroom. Third floor includes 2 additional bedrooms and half bathroom. Rental Unit: Stable tenancy with same renters for 20 years. Currently rented at $900/month with significant upside potential. Excellent rental history demonstrates strong tenant demand. Investment Opportunity: This well-maintained property combines the stability of long-term tenants with the growth potential of Springfield's college market. The solar installation provides immediate cost savings and enhanced property value.
Location
State MA
County Hampden
Zoning R2
Direction From I291 go south on Magazine St and East on State st.
Exterior
Total Parking Spaces 4
Garage No
Building
Lot Description Other
Story 3
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Jorge Andres Zea