$699,000
228-232 Eastern Ave
Springfield, MA, 01109
Turn-key 6-family investment opportunity featuring six 2-bedroom units across three floors. Most units have been renovated with updated kitchens, bathrooms, flooring, and finishes. Five units are currently leased with tenants in good standing and current on rent. One first-floor unit was recently turned over and is vacant, providing an opportunity for owner-occupancy or a new market-rate tenant. At full occupancy with current rents in place, the property generates over $94,000 in annual gross rental income. Tenants pay their own electric and gas utilities; owner pays water and sewer. Recent capital improvements include a $33,000 rebuild of the rear porch and newly replaced electric meters. Lead compliance certificates are available, and the property is up to date with current city requirements, including fire monitoring and an intercom system. Additional features include a corner lot and paved driveway with off-street parking for two vehicles. First open house Saturday, September 26, from 1:00 PM to 2:30 PM.
Property Details
Price:
$699,000
MLS #:
73580480
Status:
Active
Beds:
12
Baths:
6
Type:
Multi Family
Subtype:
5-9 Family
Listed Date:
Sep 21, 2026
Finished Sq Ft:
7,188
Total Sq Ft:
7,188
Lot Size:
3,123 sqft / 0.07 acres (approx)
Year Built:
1912
Units:
6
Schools
Interior
Above Grade Finished Area
7188
Bathrooms
6 Full Bathrooms
Levels
5
Exterior
Lot Features
Corner Lot
Open Parking Spaces
2
Open Parking YN
1
Parking Features
Paved Drive
Parking Spots
2
Parking Total
2
Stories
5
Financial
Tax Year
2026
Taxes
$9,355
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Multi Family in Springfield as of Sep 21, 2026
152
Multi Family Listed
103
Avg DOM
160
Avg $ / SqFt
$484,539
Avg List Price
Community
- Address228-232 Eastern Ave Springfield MA
- CitySpringfield
- CountyHampden
- Zip Code01109
Subdivisions in Springfield
Similar Listings Nearby
Property Summary
- 228-232 Eastern Ave Springfield MA is a Multi Family for sale in Springfield, MA, 01109. It is listed for $699,000 To schedule a showing of MLS#73580480 at 228-232 Eastern Ave in Springfield, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of MP Signature Realty LLC. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
228-232 Eastern Ave
Springfield, MA