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Investment opportunity in Springfield! This 10-unit multifamily property offers investors the opportunity to acquire a substantial income-producing asset with additional upside potential. Currently generating strong rental income with opportunities to further improve performance and maximize revenue over time.With 10 units under one roof, this property offers scale and income diversification for an investor looking to expand an existing portfolio or add a larger multifamily asset. Schedule a private showing to tour the property and explore its investment potential.

More Info

Basic Information

  • Gross Income $137,052
  • Listing Terms Contract
  • Mls StatusNew
  • Parcel Number S:11155 P:0011,2607049
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $583,300
  • Tax Year 2025
  • Taxes$9,146

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Paved
  • Parking Spaces10

Rooms

  • Bathroom10
  • Bathrooms Total Decimal 10
  • Bedrooms10
  • Full Bath10

Basic Information

  • List Price$1,250,000
  • MLS Number73568827
  • Modification Date08/26/2026
  • Property SubType5+ Family - 5+ Units Side by Side

Location

  • Address50 Stevens Street
  • Building Number50
  • CountyHampden
  • StateMA
  • StreetStevens Street
  • TownSpringfield
  • Zip01104

Building

  • Building Area Units Square Feet
  • Construction Materials Brick
  • FoundationSlab
  • Levels 2
  • Rooms20
  • Stories2
  • Units10
  • Utilities For Electric Range
  • Year Built1927
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.27

Exterior

  • RoofRubber

Utilities

  • Electric Common
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 2,930
  • Lot Size Square Feet 11,744
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet2,930

Amenities

  • Amenities
    • Highway Access
    • Laundromat
    • Medical Facility
    • Park
    • Public School
    • Public Transportation
    • Shopping
    • Walk/Jog Trails

Legal

  • ZoningB1

Other

  • Date Listed08/27/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Raquel Medina of Lock and Key Realty Inc.

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