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Active

242 Fort Pleasant Ave, Springfield MA 01108

$1,150,000

Estimated $2,572/month Calculator

Multi Family

Total Units: 8

Price Per Unit: $143,750

Total Rent: 77340/year

Estimated CAP Rate:

15 Bedrooms

Baths

12540

Total Parking: 2

6,625 (0.15)

242 Fort Pleasant offers a rare opportunity to acquire a professionally managed eight-unit brick building in Forest Park Heights. Building was extensively updated in 2023 with major capital improvements completed, offering investors a turn-key, low-maintenance asset. Capital improvements include complete re-wiring of the property, including bringing circuit panels into individual units, full replacement of exterior meter box, & installation of 9 new hot water tanks. Complete replacement of all pipes in the building, including all new drainage throughout. Six of the eight units were thoughtfully reconfigured from one-bedroom to two-bedroom layouts to maximize rental income and overall functionality. The updated units feature gleaming hardwood floors, luxury vinyl plank flooring, renovated kitchens, and modernized bathrooms designed with both durability and tenant appeal in mind, while spacious walk-in pantries and walk-in closets provide the additional storage today’s renters value.

This home has been viewed 2 times

Last Checked: May 12th, 2026 at 10:33am (Source: MLS PIN #73516463)

Gross Income: $77,340

Gross Expenses: $8,489

Net Income Calc: $68,851

Annual Expenses for 242 Fort Pleasant Ave, Springfield MA 01108

Total Gross Expenses (Calculated)$8,489/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax8489

Annual Income & Unit Breakdown for 242 Fort Pleasant Ave, Springfield MA 01108

Total Gross Income (Calculated)$77,340

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 242 Fort Pleasant Ave, Springfield MA 01108

Listing ID73516463

Property TypeMulti Family / 5+ Family

Price1150000 ($91.71/SqFt)

Style5-9 Family

CitySpringfield

CountyHampden

MLS AreaForest Park

Neighborhood(s)

Approximate Living Area Total12540

Approximate Lot Size (Acres)0.15

Total Parking2

Garage Parking0

Year Built1906

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 Description

Accessible Features

Outdoor SpaceCovered

ZoningR3

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 242 Fort Pleasant Ave, Springfield MA 01108

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsGenerator

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 242 Fort Pleasant Ave, Springfield MA 01108

Real Estate Taxes8489

Tax Year2025

Assessed Value$541,400

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 242 Fort Pleasant Ave, Springfield MA 01108

Neighborhood(s)

MLS AreaForest Park

Area AmenitiesWalk/jog Trails

Contact Information for 242 Fort Pleasant Ave, Springfield MA 01108

Agent

Name: Kathryn Daviau

Office

Name: Lock and Key Realty Inc.

Phone: 413-282-8080

Payment Calculator

, Interest

Property Taxes 707.42

Principal & Interest 7085.93

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lock and Key Realty Inc.

Kathryn Daviau

Agent Phone

Office Phone

(413) 282-8080

Text Agent Call Agent Call Office

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EXIT

39 More Photos

Active

242 Fort Pleasant Ave, Springfield MA 01108

$1,150,000

Annual Expenses for 242 Fort Pleasant Ave, Springfield MA 01108

Annual Income & Unit Breakdown for 242 Fort Pleasant Ave, Springfield MA 01108

General Information for 242 Fort Pleasant Ave, Springfield MA 01108

Disclosures for 242 Fort Pleasant Ave, Springfield MA 01108

Financial Information for 242 Fort Pleasant Ave, Springfield MA 01108

Location Information for 242 Fort Pleasant Ave, Springfield MA 01108

Contact Information for 242 Fort Pleasant Ave, Springfield MA 01108

Agent

Office

Payment Calculator

Exclusive Listing Agent

Lock and Key Realty Inc.

Kathryn Daviau