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242 Fort Pleasant offers a rare opportunity to acquire a professionally managed eight-unit brick building in Forest Park Heights. Building was extensively updated in 2023 with major capital improvements completed, offering investors a turn-key, low-maintenance asset. Capital improvements include complete re-wiring of the property, including bringing circuit panels into individual units, full replacement of exterior meter box, & installation of 9 new hot water tanks. Complete replacement of all pipes in the building, including all new drainage throughout. Six of the eight units were thoughtfully reconfigured from one-bedroom to two-bedroom layouts to maximize rental income and overall functionality. The updated units feature gleaming hardwood floors, luxury vinyl plank flooring, renovated kitchens, and modernized bathrooms designed with both durability and tenant appeal in mind, while spacious walk-in pantries and walk-in closets provide the additional storage today's renters value.

More Info

Basic Information

  • Gross Income $155,340
  • Lot Features Corner Lot, Cleared, Level
  • Mls StatusActive
  • Parcel Number S:05300 P:0065,2585019
  • Rent Includes Unit 1(Heat, Gas), Unit 2(Heat, Gas), Unit 3(Heat, Gas), Unit 4(Heat, Gas)

Tax Information

  • Tax Assessed Value $541,400
  • Tax Year 2025
  • Taxes$8,489

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Paved
  • Parking Spaces2

Rooms

  • Bathroom8
  • Bathrooms Total Decimal 8
  • Bedrooms15
  • Full Bath8

Basic Information

  • List Price$1,150,000
  • MLS Number73516463
  • Modification Date05/15/2026
  • Property SubType5-9 Family

Location

  • Address242 Fort Pleasant Avenue
  • Building Number242
  • CountyHampden
  • NeighborhoodForest Park
  • StateMA
  • StreetFort Pleasant Avenue
  • SubdivisionForest Park
  • TownSpringfield
  • Zip01108

Building

  • BasementFull, Interior Entry, Bulkhead, Concrete
  • Building Area Units Square Feet
  • Construction Materials Brick
  • FoundationBrick/Mortar
  • Levels 5
  • Patio And Porch Features Porch, Covered
  • Rooms39
  • Stories5
  • Units8
  • Utilities For Gas Range
  • Window Features Box/Bay/Bow Window(s)
  • Year Built1906
  • Year Built Details Renovated Since
  • Year Built Source Public Records

Property

  • Acreage0.15

Interior

  • Flooring Vinyl, Hardwood
  • Interior Features
    • Bathroom With Tub & Shower
    • Dining Room
    • Kitchen
    • Lead Certification Available
    • Living Room
    • Pantry
    • Remodeled
    • Upgraded Cabinets
    • Upgraded Countertops
    • Walk-In Closet(s)

Exterior

  • Exterior Features Balcony/Deck
  • RoofOther

Utilities

  • Electric Circuit Breakers,200+ Amp Service, Common, Individually Metered
  • Heat SystemYes
  • Heating Hot Water, Oil
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 12,540
  • Lot Size Square Feet 6,625
  • Lot Size Units Acres
  • Square Feet12,540

Amenities

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

Legal

  • ZoningR3

Other

  • Date Listed05/12/2026
  • Farm Land Area Units Square Feet
  • Other Equipment Intercom

Map Location

Driving Directions

Listed by Kathryn Daviau of Lock and Key Realty Inc.

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