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Strong investment property. This downtown Springfield investment property offers a $5,500+ monthly rent roll. The property consists of a joisted masonry building containing one 3BR apartment, one 5BR apartment, and ten garage bays that lease at a monthly rate of $150 each. Apartments feature a sunroom, and the 5BR apartment also has an office. The apartments are bright with renovated kitchens and a combination of hardwood and laminate flooring. The NOI is $53,079 and the cap rate is 13.3%. Located nearby to the Springfield FD Headquarters, the property offers access to major highways I-91, I-291 & I-90 (the Mass Pike); as well as area hospitals (under two miles to Baystate Medical Center and approximately one mile to Mercy Medical Center). The property is situated close to Springfield's CBD, nearby to MGM Springfield and the Basketball Hall of Fame, within a 30 minute drive time of UMass Amherst and the Five College Area.

More Info

Basic Information

  • Gross Income $68,400
  • Mls StatusActive
  • Parcel Number S:12395 P:0023,2613229
  • Rent Includes Unit 1(Water), Unit 2(Water)
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $389,200
  • Tax Year 2026
  • Taxes$8,321

Parking

  • Covered Spaces 10
  • Garage YN Yes
  • Open Parking YN Yes
  • Parking Features Paved Drive, Other
  • Parking Spaces10

Rooms

  • Bathroom2
  • Bathrooms Total Decimal 2
  • Bedrooms8
  • Full Bath2

Basic Information

  • List Price$399,000
  • MLS Number73536012
  • Modification Date06/19/2026
  • Property SubTypeMulti Family

Location

  • Address69 Winter Street
  • Building Number69
  • CountyHampden
  • StateMA
  • StreetWinter Street
  • TownSpringfield
  • Zip01105

Building

  • BasementFull, Garage Access, Concrete, Unfinished
  • Building Area Units Square Feet
  • Construction Materials Brick
  • FoundationBrick/Mortar
  • Garage Spaces10
  • Levels 3
  • Rooms15
  • Stories3
  • Units2
  • Utilities For Electric Range, For Electric Oven
  • Window Features Insulated Windows
  • Year Built1890
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.15

Interior

  • Flooring Wood, Laminate, Hardwood
  • Interior Features Living Room, Kitchen, Sunroom

Exterior

  • Exterior Features Rain Gutters
  • RoofShingle

Utilities

  • Cooling Window Unit(s)
  • Cooling YN Yes
  • Electric Circuit Breakers, Individually Metered
  • Electric Expense 500
  • Heat SystemYes
  • Heating Electric, Steam, Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,520
  • Lot Size Square Feet 6,617
  • Lot Size Units Acres
  • Square Feet3,520
  • View YN Yes

Amenities

  • Amenities
    • Highway Access
    • Medical Facility
    • Park
    • Public School
    • Public Transportation
    • Sidewalks
  • Appliances IncludedRange, Refrigerator
  • Other AmenitiesBasement

Legal

  • ZoningB1

Other

  • Date Listed06/15/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Tim Thompson of Timothy Thompson

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