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Active

116 Fort Pleasant Street, Springfield MA 01108

$749,000

Estimated $1,936.92/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $187,250

Total Rent: 99000/year

Estimated CAP Rate: 12.06%

14 Bedrooms

6 Full Baths

10,600 SqFt

Total Parking: 0

0 SqFt

This solid brick multi-family property offers a prime opportunity for both investors and owner-occupants. Two units have been recently updated, enhancing the property's appeal and ensuring comfort for tenants. Additionally, the third floor features two more units, providing even greater rental potential. All units come with lead compliance letters, offering peace of mind and compliance with safety regulations. With separate gas and electric meters, the property is designed for efficient management and optimal cash flow.Situated in the vibrant Forest Park neighborhood, residents will appreciate easy access to local amenities, transportation, and community attractions. The solid brick construction ensures durability and low maintenance, making this property a smart investment. Don't miss out on this exceptional opportunity to own a property that combines functionality, profitability, and location. Schedule your viewing today!

This home has been viewed 5 times

Last Checked: June 14th, 2025 at 5:03am (Source: MLS PIN #73388005)

Gross Income: $99,000

Gross Expenses: $8,669

Net Income Calc: $90,331

CAP Rate: 12.06%

Annual Expenses for 116 Fort Pleasant Street, Springfield MA 01108

Total Gross Expenses (Calculated)$8,669/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,669

Annual Income & Unit Breakdown for 116 Fort Pleasant Street, Springfield MA 01108

Total Gross Income (Calculated)$99,000

Unit 1

Rental Income$1,500

LeaseN

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$2,200

LeaseN

Bedrooms3

Bathrooms2 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$2,350

LeaseY

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$2,200

LeaseY

Bedrooms3

Bathrooms2 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 116 Fort Pleasant Street, Springfield MA 01108

Listing ID73388005

Property TypeMulti Family / 4 Family

Price$749,000 ($70.66/SqFt)

Style4 Family - 4 Units Up/down

CitySpringfield

CountyHampden

MLS AreaForest Park

Neighborhood(s)

Approximate Living Area Total10,600 SqFt

Approximate Lot Size (Acres)0

Total Parking0

Garage Parking

Year Built1908

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsBrick

Lot Features

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor SpacePorch

ZoningR3

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 116 Fort Pleasant Street, Springfield MA 01108

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$99,000

Total Net Income By Broker$99,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 116 Fort Pleasant Street, Springfield MA 01108

Real Estate Taxes$8,669

Tax Year2025

Assessed Value$559,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$99,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$99,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)12.06%

Location Information for 116 Fort Pleasant Street, Springfield MA 01108

Elementary SchoolWashington

Middle SchoolForest Park

High SchoolSpringfield

Neighborhood(s)

MLS AreaForest Park

Area AmenitiesHighway Access, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation

Contact Information for 116 Fort Pleasant Street, Springfield MA 01108

Agent

Name: Tanisha Salmon

MLS ID: CN212314

Office ID: BB4624

National Association ID: 449587545

Address: 980 Washington Street

City: Stoughton

State: MA

Zip: 02072

Office

Name: Keller Williams Realty

MLS Office ID: BB4624

Phone: 508-238-5000

Team Members

Payment Calculator

, Interest

Property Taxes 722.42

Principal & Interest 4615.1

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty

Tanisha Salmon

Agent Phone

Office Phone

(508) 238-5000

Text Agent Call Agent Call Office

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EXIT

Active

116 Fort Pleasant Street, Springfield MA 01108

$749,000

Annual Expenses for 116 Fort Pleasant Street, Springfield MA 01108

Annual Income & Unit Breakdown for 116 Fort Pleasant Street, Springfield MA 01108

General Information for 116 Fort Pleasant Street, Springfield MA 01108

Disclosures for 116 Fort Pleasant Street, Springfield MA 01108

Financial Information for 116 Fort Pleasant Street, Springfield MA 01108

Location Information for 116 Fort Pleasant Street, Springfield MA 01108

Contact Information for 116 Fort Pleasant Street, Springfield MA 01108

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Keller Williams Realty

Tanisha Salmon