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Canceled

44-46 Washington St, Springfield MA 01108

$499,900

Estimated $1,228.76/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $166,633.33

Total Rent: 34020/year

Estimated CAP Rate: 5.80%

9 Bedrooms

3 Full Baths

3,832 SqFt

Total Parking: 4

5,367 SqFt

Here’s your chance to own a solid 3-family home in one of Springfield’s most desirable rental markets – Forest Park! Whether you're looking to live mortgage-free or expand your investment portfolio, this property checks all the boxes.Featuring three spacious 3-bedroom, 1-bath units, the first floor has been completely renovated and is move-in ready—perfect for an owner-occupant or premium rent potential. The second and third floors are occupied by excellent long-term tenants with guaranteed rent, providing immediate cash flow.Enjoy a blend of classic charm and modern upgrades with original hardwood floors, newer luxury vinyl plank flooring, updated plumbing, and newer windows (APO). With nearly 4,000 sq ft of living space, off-street parking for 4 vehicles, and public water/sewer, this property is as practical as it is profitable. Live in one unit and let the other two pay your mortgage!Prime location for tenants—strong rental demand year-roundTurnkey opportunity!

This home has been viewed 58 times

Last Checked: October 4th, 2025 at 4:29am (Source: MLS PIN #73392513)

Gross Income: $34,020

Gross Expenses: $5,018

Net Income Calc: $29,002

CAP Rate: 5.80%

Annual Expenses for 44-46 Washington St, Springfield MA 01108

Total Gross Expenses (Calculated)$5,018/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,018

Annual Income & Unit Breakdown for 44-46 Washington St, Springfield MA 01108

Total Gross Income (Calculated)$34,020

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 2

Rental Income$1,450

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 3

Rental Income$1,385

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

General Information for 44-46 Washington St, Springfield MA 01108

Listing ID73392513

Property TypeMulti Family / 3 Family

Price$499,900 ($130.45/SqFt)

Style3 Family - 3 Units Up/down

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total3,832 SqFt

Approximate Lot Size (Acres)0.12 acres

Total Parking4

Garage Parking

Year Built1914

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area0

Foundation DescriptionBlock

Accessible Features

Outdoor SpacePorch

ZoningR1

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 44-46 Washington St, 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$34,020

Total Net Income By Broker$34,020

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 44-46 Washington St, Springfield MA 01108

Real Estate Taxes$5,018

Tax Year2025

Assessed Value$320,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$34,020

BostonRealEstate.com Gross Income

Total Net Income By Broker$34,020

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.80%

Location Information for 44-46 Washington St, Springfield MA 01108

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Park, Laundromat, Bike Path, Public Transportation, Pool, Tennis Court(s)

Contact Information for 44-46 Washington St, Springfield MA 01108

Agent

Name: Raquel Medina

Office

Name: Lock and Key Realty Inc.

Phone: 413-282-8080

Payment Calculator

, Interest

Property Taxes 418.17

Principal & Interest 3080.22

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lock and Key Realty Inc.

Raquel Medina

Agent Phone

Office Phone

(413) 282-8080

Text Agent Call Agent Call Office

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[perc_test_date] => Unknown
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[road_frontage_type] => Array
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[terms] => Array
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[uffi] => Array
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[water_expense] => Array
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[water_views] => Array
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[water_views_features] => Array
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[year_built] => 1914
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)

)

EXIT

Canceled

44-46 Washington St, Springfield MA 01108

$499,900

Annual Expenses for 44-46 Washington St, Springfield MA 01108

Annual Income & Unit Breakdown for 44-46 Washington St, Springfield MA 01108

General Information for 44-46 Washington St, Springfield MA 01108

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Financial Information for 44-46 Washington St, Springfield MA 01108

Location Information for 44-46 Washington St, Springfield MA 01108

Contact Information for 44-46 Washington St, Springfield MA 01108

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Lock and Key Realty Inc.

Raquel Medina