Great investment opportunity! This well-maintained 4-unit building offers 11 bedrooms and strong income potential. Fully occupied with reliable tenants, it provides immediate cash flow. Each unit has separate utilities, helping keep owner expenses low. With stable occupancy, solid rental history, and potential for future rent growth, this is an excellent opportunity to secure a high-performing, income-producing asset. Well cared for and consistently maintained, this property presents a turnkey opportunity for both seasoned investors and those looking to grow their portfolio. There is also potential to expand the attic, offering added value and additional possibilities. Conveniently located near local amenities, shopping, dining, and transportation, making it highly attractive for renters.

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Basic Information

Gross Income $76,200
Lot Features Cleared, Level
Mls StatusActive
Parcel Number S:08255 P:0056,2594249
Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Road Frontage DescriptionPaved

Tax Information

Tax Assessed Value $386,300
Tax Year 2025
Taxes$6,430

Parking

Parking Spaces

Rooms

Bathroom4
Bathrooms Total Decimal 4
Bedrooms11
Full Bath4

Basic Information

List Price$599,999
MLS Number73514166
Modification Date05/13/2026
Property SubType4 Family

Location

Address55-59 Margaret Street
Building Number55-59
CountyHampden
NeighborhoodSo End Central
StateMA
StreetMargaret Street
SubdivisionSo End Central
TownSpringfield
Zip01105

Building

BasementUnfinished
Building Area Units Square Feet
Construction Materials Frame
FoundationBrick/Mortar
Levels 4
Patio And Porch Features Porch, Deck - Wood
Rooms19
Stories4
Units4
Utilities For Gas Range, For Electric Range
Year Built1923
Year Built Details Actual
Year Built Source Public Records

Property

Acreage0.09

Interior

Flooring Wood, Tile, Vinyl
Interior Features
- Bathroom With Tub & Shower
- Ceiling Fan(s)
- Kitchen
- Lead Certification Available
- Living Room
- Pantry

Exterior

RoofShingle

Utilities

Cooling Window Unit(s)
Cooling YN Yes
Electric Circuit Breakers
Heat SystemYes
Heating Natural Gas
Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Public Records
Living Area 4,500
Lot Size Square Feet 4,025
Lot Size Units Acres
Square Feet4,500

Amenities

Amenities
- Bike Path
- Golf
- Highway Access
- House of Worship
- Laundromat
- Medical Facility
- Park
- Pool
- Private School
- Public School
- Public Transportation
- Shopping
- Tennis Court(s)
- University
- Walk/Jog Trails
Appliances IncludedRange, Refrigerator
Other AmenitiesBasement, Golf, Tennis

Legal

ZoningR3

Other

Date Listed05/06/2026
Farm Land Area Units Square Feet

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Newton, MA

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More Info

Basic Information

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Parking

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Newton, MA