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228 Belmont Ave, Springfield MA 01108

$1,350,000

Estimated $3,106/month Calculator

Multi Family

Total Units: 8

Price Per Unit: $168,750

Total Rent: 0/year

Estimated CAP Rate:

24 Bedrooms

Baths

13410

Total Parking: 12

12,349 (0.28)

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 116 times

Last Checked: July 6th, 2026 at 4:38am (Source: MLS PIN #73461145)

Gross Income: $0

Gross Expenses: $11,004

Net Income Calc: $11,004

Water Views

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 Tax11004

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

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor0

Levels in Unit0

Rent Includes

Unit 3

Rental Income$0

Lease

Bathrooms

Rent Includes

Unit 4

Rental Income$0

Lease

Bathrooms

Rent Includes

General Information for 228 Belmont Ave, Springfield MA 01108

Listing ID73461145

Property TypeMulti Family / 5+ Family

Price1350000 ($100.67/SqFt)

Style5-9 Family

CitySpringfield

CountyHampden

MLS AreaForest Park

Neighborhood(s)

Approximate Living Area Total13410

Approximate Lot Size (Acres)0.28

Total Parking12

Garage Parking0

Year Built1915

Year Built SourcePublic Records

Year Built DetailsRenovated Since

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Area2812

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR3

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 228 Belmont Ave, Springfield MA 01108

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsNo

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 228 Belmont Ave, Springfield MA 01108

Real Estate Taxes11004

Tax Year2025

Assessed Value$701,800

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 228 Belmont Ave, Springfield MA 01108

Neighborhood(s)

MLS AreaForest Park

Area AmenitiesWalk/jog Trails

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

Payment Calculator

, Interest

Property Taxes 917

Principal & Interest 8318.27

HOA Dues

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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    [unparsed] => 228 Belmont Ave, Springfield MA 01108
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EXIT

38 More Photos

Pending

228 Belmont Ave, Springfield MA 01108

$1,350,000

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

Payment Calculator

Exclusive Listing Agent

Lock and Key Realty Inc.

Patriot Living Group