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148-150 Cedar Street, Springfield MA 01105

$399,900

Estimated $1,042/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $199,950

Total Rent: 33600/year

Estimated CAP Rate:

8 Bedrooms

Baths

2300

Total Parking: 6

8,440 (0.19)

Excellent opportunity to own a well-located 2-family home in Springfield! The first-floor unit can be delivered vacant at closing, offering flexibility for an owner-occupant or investor, while the second-floor unit is tenant-occupied and will remain with the sale for immediate rental income. The property sits on a double lot with one tax bill, providing added outdoor space. Conveniently located near MGM Casino, shopping, dining, schools, public transportation, and major routes—close to all local amenities. A great option for investors or buyers looking to build equity with a multi-family property!

This home has been viewed 3 times

Last Checked: May 14th, 2026 at 9:23am (Source: MLS PIN #73517866)

Gross Income: $33,600

Gross Expenses: $4,722

Net Income Calc: $28,878

Water Views

Annual Expenses for 148-150 Cedar Street, Springfield MA 01105

Total Gross Expenses (Calculated)$4,722/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax4722

Annual Income & Unit Breakdown for 148-150 Cedar Street, Springfield MA 01105

Total Gross Income (Calculated)$33,600

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms5

Bathrooms2 Full

Floor2

Levels in Unit2

Rent Includes

General Information for 148-150 Cedar Street, Springfield MA 01105

Listing ID73517866

Property TypeMulti Family

Price399900 ($173.87/SqFt)

StyleMulti Family

CitySpringfield

CountyHampden

Neighborhood(s)

Approximate Living Area Total2300

Approximate Lot Size (Acres)0.19

Total Parking6

Garage Parking0

Year Built1897

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 148-150 Cedar Street, Springfield MA 01105

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher In 1st Floor Bath Excluded; Basement Tools

Financial Data Source

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 148-150 Cedar Street, Springfield MA 01105

Real Estate Taxes4722

Tax Year2026

Assessed Value$270,800

Financial Data Source

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 148-150 Cedar Street, Springfield MA 01105

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 148-150 Cedar Street, Springfield MA 01105

Agent

Name: Yadira Pacheco

Office

Name: Lock and Key Realty Inc.

Phone: 413-282-8080

Payment Calculator

, Interest

Property Taxes 393.5

Principal & Interest 2464.06

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lock and Key Realty Inc.

Yadira Pacheco

Agent Phone

Office Phone

(413) 282-8080

Text Agent Call Agent Call Office

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    [unparsed] => 148-150 Cedar Street, Springfield MA 01105
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EXIT

39 More Photos