INVESTORS TAKE NOTICE! Exceptional investment opportunity! This fully rented three-family property offers upside for investors or owner-occupants looking to build equity through additional improvements while increasing rental income and long-term value. The property features two spacious 3-bedroom units and one comfortable 2-bedroom unit, providing strong rental appeal. Seller states mechanical updates include 2 - newer individual natural gas heating systems and separate hot water heaters for each unit(2017,2024,2025), helping reduce future capital expenses. With solid fundamentals already in place, this property presents an excellent opportunity to renovate, maximize market rents, improve cash flow, and grow your investment portfolio. Whether you’re a seasoned investor or looking for your first multifamily property, this is a chance to unlock the property’s full potential. Conveniently located near shopping, restaurants, local amenities, and major commuter routes. Being sold "AS IS" Offer Deadline is Monday July 27 12PM
This home has been viewed 9 times
Last Checked: July 27th, 2026 at 6:08am (Source: MLS PIN #73551755)
Gross Income: $41,280
Gross Expenses: $4,640
Net Income Calc: $36,640
Water Views
Annual Expenses for 436-438 Franklin St, Springfield MA 01104
Total Gross Expenses (Calculated)$4,640/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax4640
Annual Income & Unit Breakdown for 436-438 Franklin St, Springfield MA 01104
Total Gross Income (Calculated)$41,280
Unit 1
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor3
Levels in Unit1
Rent Includes
General Information for 436-438 Franklin St, Springfield MA 01104
Listing ID73551755
Property TypeMulti Family / 3 Family
Price289000 ($74.52/SqFt)
Style3 Family
CitySpringfield
CountyHampden
Neighborhood(s)
Approximate Living Area Total3878
Approximate Lot Size (Acres)0.15
Total Parking4
Garage Parking0
Year Built1909
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot Features
Foundation Description
Accessible Features
Outdoor Space
ZoningR2
Water ViewsNo
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 436-438 Franklin St, Springfield MA 01104
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsElectric Fireplace
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 436-438 Franklin St, Springfield MA 01104
Real Estate Taxes4640
Tax Year2025
Assessed Value$295,900
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 436-438 Franklin St, Springfield MA 01104
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 436-438 Franklin St, Springfield MA 01104