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226 Fort Pleasant Ave, Springfield MA 01108

$419,000

Estimated $1,004.49/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $209,500

Total Rent: 49200/year

Estimated CAP Rate: 10.81%

8 Bedrooms

2 Full Baths

4,517 SqFt

Total Parking: 2

6,599 SqFt

This well-maintained two-family offers two spacious 4-bedroom, 1-bath units with excellent income potential. The first-floor unit is currently occupied and generating income, while the second-floor unit is fully renovated and vacant, ready for an owner-occupant or market-rate tenant. The renovated unit features gleaming hardwood floors, a beautiful fireplace, and updated finishes throughout. A new boiler services both units, adding long-term efficiency and peace of mind. A solid investment with immediate cash flow and value-add opportunity. Bonus: Adjacent vacant lot next door available for purchase, offering excellent expansion or future development potential. Buyer to verify permitted uses.

This home has been viewed 11 times

Last Checked: December 12th, 2025 at 5:28am (Source: MLS PIN #73461478)

Gross Income: $49,200

Gross Expenses: $3,901

Net Income Calc: $45,299

CAP Rate: 10.81%

Annual Expenses for 226 Fort Pleasant Ave, Springfield MA 01108

Total Gross Expenses (Calculated)$3,901/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,901

Annual Income & Unit Breakdown for 226 Fort Pleasant Ave, Springfield MA 01108

Total Gross Income (Calculated)$49,200

Unit 1

Rental Income$1,700

LeaseN

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesUnit 1(heat), Unit 2(heat)

Unit 2

Rental Income$2,400

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent IncludesUnit 1(heat), Unit 2(heat)

General Information for 226 Fort Pleasant Ave, Springfield MA 01108

Listing ID73461478

Property TypeMulti Family / 2 Family

Price$419,000 ($92.76/SqFt)

Style2 Family - 2 Units Up/down

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total4,517 SqFt

Approximate Lot Size (Acres)0.15 acres

Total Parking2

Garage Parking

Year Built1903

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesLevel, Cleared

Foundation Area960

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor SpacePorch

ZoningR3

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 226 Fort Pleasant Ave, 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$20,400

Total Net Income By Broker$20,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 226 Fort Pleasant Ave, Springfield MA 01108

Real Estate Taxes$3,901

Tax Year2025

Assessed Value$248,800

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$20,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$20,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)10.81%

Location Information for 226 Fort Pleasant Ave, 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, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Pool, Tennis Court(s)

Contact Information for 226 Fort Pleasant Ave, Springfield MA 01108

Agent

Name: Raquel Medina

Office

Name: Lock and Key Realty Inc.

Phone: 413-282-8080

Payment Calculator

, Interest

Property Taxes 325.08

Principal & Interest 2581.74

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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                    [created] => 2025-12-12 05:28:25
                    [modified] => 2025-12-12 05:28:25
                )

[20] => Array
                (
                    [id] => 182475914
                    [name] => MLS21.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73461478&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2025-12-12 05:28:25
                    [modified] => 2025-12-12 05:28:25
                )

[21] => Array
                (
                    [id] => 182475915
                    [name] => MLS22.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73461478&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2025-12-12 05:28:25
                    [modified] => 2025-12-12 05:28:25
                )

[22] => Array
                (
                    [id] => 182475916
                    [name] => MLS23.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73461478&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
                    [created] => 2025-12-12 05:28:25
                    [modified] => 2025-12-12 05:28:25
                )

)

)

EXIT