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228-232 Eastern Ave, Springfield MA 01109

Pending

228-232 Eastern Ave, Springfield MA 01109

$699,000

Estimated $1,913/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $116,500

Total Rent: 62820/year

Estimated CAP Rate:

12 Bedrooms

Baths

7188

Total Parking: 2

3,123 (0.07)

Turn-key 6-family investment opportunity featuring six 2-bedroom units across three floors. Most units have been renovated with updated kitchens, bathrooms, flooring, and finishes. Five units are currently leased with tenants in good standing and current on rent. One first-floor unit was recently turned over and is vacant, providing an opportunity for owner-occupancy or a new market-rate tenant. At full occupancy with current rents in place, the property generates over $94,000 in annual gross rental income. Tenants pay their own electric and gas utilities; owner pays water and sewer. Recent capital improvements include a $33,000 rebuild of the rear porch and newly replaced electric meters. Lead compliance certificates are available, and the property is up to date with current city requirements, including fire monitoring and an intercom system. Additional features include a corner lot and paved driveway with off-street parking for two vehicles. First open house Saturday, September 26, from 1:00 PM to 2:30 PM.

This home has been viewed 29 times

Last Checked: October 1st, 2026 at 9:28am (Source: MLS PIN #73580480)

Gross Income: $62,820

Gross Expenses: $9,355

Net Income Calc: $53,465

Annual Expenses for 228-232 Eastern Ave, Springfield MA 01109

Total Gross Expenses (Calculated)$9,355/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax9355

Annual Income & Unit Breakdown for 228-232 Eastern Ave, Springfield MA 01109

Total Gross Income (Calculated)$62,820

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 228-232 Eastern Ave, Springfield MA 01109

Listing ID73580480

Property TypeMulti Family / 5+ Family

Price699000 ($97.25/SqFt)

Style5-9 Family

CitySpringfield

CountyHampden

Neighborhood(s)

Approximate Living Area Total7188

Approximate Lot Size (Acres)0.07

Total Parking2

Garage Parking0

Year Built1912

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningC1

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 228-232 Eastern Ave, Springfield MA 01109

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWall Mounted Tv's-Brackets To Remain

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 228-232 Eastern Ave, Springfield MA 01109

Real Estate Taxes9355

Tax Year2026

Assessed Value$605,100

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 228-232 Eastern Ave, Springfield MA 01109

Neighborhood(s)

Area Amenities

Contact Information for 228-232 Eastern Ave, Springfield MA 01109

Agent

Name: Kevin Li

Office

Name: MP Signature Realty LLC

Phone: 781-322-6928

Payment Calculator

, Interest

Property Taxes 779.58

Principal & Interest 4307.02

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

MP Signature Realty LLC

Kevin Li

Agent Phone

Office Phone

(781) 322-6928

Text Agent Call Agent Call Office

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EXIT

17 More Photos

Pending

228-232 Eastern Ave, Springfield MA 01109

$699,000

Annual Expenses for 228-232 Eastern Ave, Springfield MA 01109

Annual Income & Unit Breakdown for 228-232 Eastern Ave, Springfield MA 01109

General Information for 228-232 Eastern Ave, Springfield MA 01109

Disclosures for 228-232 Eastern Ave, Springfield MA 01109

Financial Information for 228-232 Eastern Ave, Springfield MA 01109

Location Information for 228-232 Eastern Ave, Springfield MA 01109

Contact Information for 228-232 Eastern Ave, Springfield MA 01109

Agent

Office

Payment Calculator

Exclusive Listing Agent

MP Signature Realty LLC

Kevin Li