Excellent investment opportunity with this legal three-family property, tenanted by the same reliable non-profit for the past four years. Fully remodeled in 2022 with updated cabinets, refinished flooring, and renovated bathrooms, this property also features major updates including a new roof (2024), new furnace and water heaters (2021), new doors, new insulation (2022), electrical panels (2021), and a rebuilt porch (2024).Please note that photography reflects the property's condition following its 2022 renovation & previous staging; minor cosmetic wear commensurate with ongoing tenancy may be observed in person. On-site parking and a two-car garage abut a nicely sized, fenced-in yard, providing tenants with green space while maintaining low maintenance for investors. Strong rental demand and solid proximity to local institutions make this an ideal income-producing asset. Group showings scheduled for next week with advance notice.
This home has been viewed 4 times
Last Checked: September 20th, 2026 at 7:38pm (Source: MLS PIN #73578606)
Gross Income: $50,100
Gross Expenses: $4,972
Net Income Calc: $45,128
Water Views
Annual Expenses for 201-203 College St, Springfield MA 01109
Total Gross Expenses (Calculated)$4,972/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax4972
Annual Income & Unit Breakdown for 201-203 College St, Springfield MA 01109
Total Gross Income (Calculated)$50,100
Unit 1
Rental Income$0
LeaseY
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
Rent IncludesHeat
Unit 2
Rental Income$0
LeaseY
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
Rent IncludesHeat
Unit 3
Rental Income$0
LeaseY
Bedrooms2
Bathrooms1 Full
Floor3
Levels in Unit1
Rent IncludesHeat
General Information for 201-203 College St, Springfield MA 01109
Listing ID73578606
Property TypeMulti Family / 3 Family
Price449900 ($140.07/SqFt)
Style3 Family - 3 Units Up/down
CitySpringfield
CountyHampden
Neighborhood(s)
Approximate Living Area Total3212
Approximate Lot Size (Acres)0.11
Total Parking6 (1 Garage)
Garage Parking1
Year Built1916
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction Materials
Lot Features
Foundation Description
Accessible Features
Outdoor Space
ZoningR2
Water ViewsNo
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 201-203 College St, Springfield MA 01109
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsWasher & Dryer Are Negotiable
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 201-203 College St, Springfield MA 01109
Real Estate Taxes4972
Tax Year2025
Assessed Value$317,100
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 201-203 College St, Springfield MA 01109
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 201-203 College St, Springfield MA 01109