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Active Under Contract

404-406 Franklin St, Springfield MA 01104

$389,000

Estimated $958.76/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $129,666.67

Total Rent: 22800/year

Estimated CAP Rate: 4.85%

9 Bedrooms

3 Full Baths

3,213 SqFt

Total Parking: 4

4,500 SqFt

BEST & FINAL OFFERS DUE FRIDAY, 6/13, 12PM. SET OFFER EXPIRATION FOR SATURDAY, 6/14, 12PM OR LATER TO ALLOW TIME FOR SELLER TO RESPOND. Three-Family Home in Springfield with Vacant Unit! This well-maintained property is a fantastic opportunity for investors or owner-occupants. Each unit offers 3 bedrooms and was very well renovated between 2010–2015, including plumbing and electrical. Unit #1 is vacant and features a brand-new hot water tank (2025). Don’t miss this income-generating opportunity—schedule your showing today! Per Wayfinders rent standard, Wayfinders will pay $2,028/mo (utilities included) for a 3 bedroom unit in 01104. Wayfinders will pay $1,751/mo (utilities not included) for a 3 bedroom unit in 01104. See attached. Seller & Listing Brokerage make no guarantee and Buyer to confirm all information regarding potential rent from rental subsidiaries.

This home has been viewed 16 times

Last Checked: June 14th, 2025 at 7:48pm (Source: MLS PIN #73386596)

Gross Income: $22,800

Gross Expenses: $3,936

Net Income Calc: $18,864

CAP Rate: 4.85%

Annual Expenses for 404-406 Franklin St, Springfield MA 01104

Total Gross Expenses (Calculated)$3,936/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,936

Annual Income & Unit Breakdown for 404-406 Franklin St, Springfield MA 01104

Total Gross Income (Calculated)$22,800

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$1,000

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$900

LeaseY

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent Includes

General Information for 404-406 Franklin St, Springfield MA 01104

Listing ID73386596

Property TypeMulti Family / 3 Family

Price$389,000 ($121.07/SqFt)

Style3 Family

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total3,213 SqFt

Approximate Lot Size (Acres)0.1 acres

Total Parking4

Garage Parking

Year Built1901

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Other

Foundation Area

Foundation DescriptionBlock

Accessible Features

Outdoor SpacePorch

ZoningR3

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 404-406 Franklin St, Springfield MA 01104

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 404-406 Franklin St, Springfield MA 01104

Real Estate Taxes$3,936

Tax Year2025

Assessed Value$251,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.85%

Location Information for 404-406 Franklin St, Springfield MA 01104

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Public Transportation, Private School, University

Contact Information for 404-406 Franklin St, Springfield MA 01104

Agent

Name: The Generation Group

MLS ID: TM353426

Office ID: AN7885

Office

Name: Coldwell Banker Realty - Western MA

MLS Office ID: AN7885

Phone: 413-567-8931

Team Members

Name: Jack Watson

MLS ID: CN238869

Office ID: AN7885

National Association ID: 452513381

Phone: 508-237-6647

City: Harwich

State: MA

Payment Calculator

, Interest

Property Taxes 328

Principal & Interest 2396.89

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Western MA

The Generation Group

Agent Phone

Office Phone

(413) 567-8931

Text Agent Call Agent Call Office

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EXIT

Active Under Contract

404-406 Franklin St, Springfield MA 01104

$389,000

Annual Expenses for 404-406 Franklin St, Springfield MA 01104

Annual Income & Unit Breakdown for 404-406 Franklin St, Springfield MA 01104

General Information for 404-406 Franklin St, Springfield MA 01104

Disclosures for 404-406 Franklin St, Springfield MA 01104

Financial Information for 404-406 Franklin St, Springfield MA 01104

Location Information for 404-406 Franklin St, Springfield MA 01104

Contact Information for 404-406 Franklin St, Springfield MA 01104

Agent

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Exclusive Listing Agent

Coldwell Banker Realty - Western MA

The Generation Group