$1,150,000
242 Fort Pleasant Ave
Springfield, MA, 01108
242 Fort Pleasant offers a rare opportunity to acquire a professionally managed eight-unit brick building in Forest Park Heights. Building was extensively updated in 2023 with major capital improvements completed, offering investors a turn-key, low-maintenance asset. Capital improvements include complete re-wiring of the property, including bringing circuit panels into individual units, full replacement of exterior meter box, & installation of 9 new hot water tanks. Complete replacement of all pipes in the building, including all new drainage throughout. Six of the eight units were thoughtfully reconfigured from one-bedroom to two-bedroom layouts to maximize rental income and overall functionality. The updated units feature gleaming hardwood floors, luxury vinyl plank flooring, renovated kitchens, and modernized bathrooms designed with both durability and tenant appeal in mind, while spacious walk-in pantries and walk-in closets provide the additional storage today’s renters value.
Property Details
Price:
$1,150,000
MLS #:
73516463
Status:
Active Under Contract
Beds:
15
Baths:
8
Type:
Multi Family
Subtype:
5-9 Family
Neighborhood:
forestpark
Listed Date:
May 11, 2026
Finished Sq Ft:
12,540
Total Sq Ft:
12,540
Lot Size:
6,625 sqft / 0.15 acres (approx)
Year Built:
1906
Units:
8
Schools
Interior
Above Grade Finished Area
12540
Appliances
Range, Disposal, Microwave, Refrigerator, Dishwasher
Bathrooms
8 Full Bathrooms
Cooling
None
Flooring
Vinyl, Hardwood
Heating
Hot Water, Oil
Interior Features
Pantry, Lead Certification Available, Walk-In Closet(s), Bathroom With Tub & Shower, Upgraded Cabinets, Upgraded Countertops, Remodeled, Living Room, Dining Room, Kitchen
Levels
5
Exterior
Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, University
Construction Materials
Brick
Exterior Features
Balcony/Deck
Lot Features
Corner Lot, Cleared, Level
Open Parking Spaces
2
Open Parking YN
1
Parking Features
Paved Drive, Off Street, Paved
Parking Spots
2
Parking Total
2
Patio And Porch Features
Porch, Covered
Roof
Other
Stories
5
Window Features
Box/Bay/Bow Window(s)
Financial
Tax Year
2025
Taxes
$8,489
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 Jun 10, 2026
124
Multi Family Listed
113
Avg DOM
151
Avg $ / SqFt
$480,992
Avg List Price
Community
- Address242 Fort Pleasant Ave Springfield MA
- CitySpringfield
- CountyHampden
- Zip Code01108
Subdivisions in Springfield
Similar Listings Nearby
Property Summary
- 242 Fort Pleasant Ave Springfield MA is a Multi Family for sale in Springfield, MA, 01108. It is listed for $1,150,000 To schedule a showing of MLS#73516463 at 242 Fort Pleasant Ave in Springfield, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Lock and Key Realty Inc.. 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.
242 Fort Pleasant Ave
Springfield, MA