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228 Belmont Ave, Springfield MA 01108

$1,500,000

Estimated $3,349.24/month Calculator

Multi Family

Total Units: 8

Price Per Unit: $187,500

Total Rent: 0/year

Estimated CAP Rate: -0.73%

24 Bedrooms

8 Full Baths

13,410 SqFt

Total Parking: 12

12,349 SqFt

Prime investment opportunity awaits with this expansive multifamily apartment building offering strong rental income, excellent tenant appeal, and an unbeatable location. This well-maintained property features a diverse mix of spacious units, designed to attract long-term occupants and maximize year-over-year returns.Inside, residents enjoy generously sized living spaces with functional layouts, abundant natural light, and modernized kitchens and baths. Mechanical systems have been updated for efficiency and long-term durability, including newer heating, plumbing, and electrical improvements that support low-maintenance ownership. The exterior boasts professional management, secured entry, and dedicated off-street parking, with convenient enhancements such as coin-op laundry and private patios. Zoned for multifamily use, the property presents a scalable investment primed with recent major updates. This building is a must see to appreciate the long term addition to your portfolio.

This home has been viewed 11 times

Last Checked: December 11th, 2025 at 5:58am (Source: MLS PIN #73461145)

Gross Income: $0

Gross Expenses: $11,004

Net Income Calc: $11,004

CAP Rate: -0.73%

Annual Expenses for 228 Belmont Ave, Springfield MA 01108

Total Gross Expenses (Calculated)$11,004/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$11,004

Annual Income & Unit Breakdown for 228 Belmont Ave, Springfield MA 01108

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor0

Levels in Unit0

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 228 Belmont Ave, Springfield MA 01108

Listing ID73461145

Property TypeMulti Family / 5+ Family

Price$1,500,000 ($111.86/SqFt)

Style5-9 Family

CitySpringfield

CountyHampden

MLS AreaForest Park

Neighborhood(s)

Approximate Living Area Total13,410 SqFt

Approximate Lot Size (Acres)0.28 acres

Total Parking12

Garage Parking

Year Built1915

Year Built SourcePublic Records

Year Renovated

Year Built DetailsRenovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsBrick

Lot FeaturesLevel

Foundation Area2812

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor SpaceDeck - Wood, Patio

ZoningR3

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesInsulated Windows

Terms

Disclosures for 228 Belmont Ave, Springfield MA 01108

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner, Pro. Forma Available

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 228 Belmont Ave, Springfield MA 01108

Real Estate Taxes$11,004

Tax Year2025

Assessed Value$701,800

Financial Data SourceOwner, Pro. Forma Available

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)-0.73%

Location Information for 228 Belmont Ave, Springfield MA 01108

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaForest Park

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public Transportation, Sidewalks

Contact Information for 228 Belmont Ave, Springfield MA 01108

Agent

Name: Patriot Living Group

Office

Name: Lock and Key Realty Inc.

Phone: 413-282-8080

Team Members

Name: Stacey Silvia

Phone: 774-226-0988

Payment Calculator

, Interest

Property Taxes 917

Principal & Interest 9242.52

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lock and Key Realty Inc.

Patriot Living Group

Agent Phone

Office Phone

(413) 282-8080

Text Agent Call Agent Call Office

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EXIT

Active

228 Belmont Ave, Springfield MA 01108

$1,500,000

Annual Expenses for 228 Belmont Ave, Springfield MA 01108

Annual Income & Unit Breakdown for 228 Belmont Ave, Springfield MA 01108

General Information for 228 Belmont Ave, Springfield MA 01108

Disclosures for 228 Belmont Ave, Springfield MA 01108

Financial Information for 228 Belmont Ave, Springfield MA 01108

Location Information for 228 Belmont Ave, Springfield MA 01108

Contact Information for 228 Belmont Ave, Springfield MA 01108

Agent

Office

Team Members

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Exclusive Listing Agent

Lock and Key Realty Inc.

Patriot Living Group