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55-59 Margaret St Springfield, MA 01105
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Key Details
Sold Price $570,000
Property Type Multi-Family
Sub Type 4 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $126
MLS Listing ID 73514166
Sold Date 08/04/26
Bedrooms 11
Full Baths 4
Year Built 1923
Annual Tax Amount $6,430
Tax Year 2025
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type 4 Family
Property Description
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.
Location
State MA
County Hampden
Area So End Central
Zoning R3
Direction Use GPS
Rooms
Basement Unfinished
Interior
Interior Features Ceiling Fan(s), Pantry, Bathroom With Tub & Shower, Lead Certification Available, Living Room, Kitchen
Heating Electric, Natural Gas
Cooling Window Unit(s)
Flooring Wood, Tile, Vinyl
Appliance Range, Refrigerator
Exterior
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
Utilities Available for Gas Range, for Electric Range
Roof Type Shingle
Garage No
Building
Lot Description Cleared, Level
Story 4
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Tonya Branen • Century 21 McLennan & Company
NEARBY SCHOOLS & BUSINESSES
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