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57-59 Martha St, Springfield MA 01151

$299,000

Estimated $859.33/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $149,500

Total Rent: 16800/year

Estimated CAP Rate: 4.12%

4 Bedrooms

2 Full Baths

1,976 SqFt

Total Parking: 8 (2 Garage)

5,401 SqFt

Investment Opportunity! Well-priced property offering strong potential for investors or owner-occupants. Heating is 100% electric throughout the property. Second floor is available with proper 24-hour notice or upon accepted offer. Convenient layout and solid opportunity to add equity quick! Don’t miss this chance to secure a property with income potential and a high equity upside.

This home has been viewed 13 times

Last Checked: February 16th, 2026 at 7:03pm (Source: MLS PIN #73477364)

Gross Income: $16,800

Gross Expenses: $4,494

Net Income Calc: $12,306

CAP Rate: 4.12%

Annual Expenses for 57-59 Martha St, Springfield MA 01151

Total Gross Expenses (Calculated)$4,494/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,494

Annual Income & Unit Breakdown for 57-59 Martha St, Springfield MA 01151

Total Gross Income (Calculated)$16,800

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$1,400

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

General Information for 57-59 Martha St, Springfield MA 01151

Listing ID73477364

Property TypeMulti Family

Price$299,000 ($151.32/SqFt)

StyleMulti Family

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total1,976 SqFt

Approximate Lot Size (Acres)0.12 acres

Total Parking8 (2 Garage)

Garage Parking2 / Detached

Year Built1924

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsStone

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionBlock

Accessible Features

Outdoor SpaceEnclosed

ZoningB2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 57-59 Martha St, Springfield MA 01151

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureCity

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$16,800

Total Net Income By Broker$16,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 57-59 Martha St, Springfield MA 01151

Real Estate Taxes$4,494

Tax Year2025

Assessed Value$286,600

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$16,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$16,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.12%

Location Information for 57-59 Martha St, Springfield MA 01151

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

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

Contact Information for 57-59 Martha St, Springfield MA 01151

Agent

Name: Thomas Smith

Office

Name: Naples Realty Group

Phone: 413-650-1314

Payment Calculator

, Interest

Property Taxes 374.5

Principal & Interest 1842.34

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Naples Realty Group

Thomas Smith

Agent Phone

Office Phone

(413) 650-1314

Text Agent Call Agent Call Office

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[perc_test_date] => Unknown
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[uffi] => Array
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                    [modified] => 2026-02-16 19:03:22
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                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73477364&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2026-02-16 19:03:22
                    [modified] => 2026-02-16 19:03:22
                )

)

)

EXIT