Excellent investment opportunity with this legal three-family property, tenanted by the same reliable non-profit for the past four years. Fully remodeled in 2022 with updated cabinets, refinished flooring, and renovated bathrooms, this property also features major updates including a new roof (2024), new furnace and water heaters (2021), new doors, new insulation (2022), electrical panels (2021), and a rebuilt porch (2024).Please note that photography reflects the property's condition following its 2022 renovation & previous staging; minor cosmetic wear commensurate with ongoing tenancy may be observed in person. On-site parking and a two-car garage abut a nicely sized, fenced-in yard, providing tenants with green space while maintaining low maintenance for investors. Strong rental demand and solid proximity to local institutions make this an ideal income-producing asset. Group showings scheduled for next week with advance notice.

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Basic Information

Gross Income $50,100
Mls StatusActive
Parcel Number S:03020 P:0058,2579168
Rent Includes Unit 1(Heat, Gas), Unit 2(Heat, Gas), Unit 3(Heat, Electric, Gas, Other (See Remarks))

Tax Information

Tax Assessed Value $317,100
Tax Year 2025
Taxes$4,972

Parking

Covered Spaces 1
Garage YN Yes
Open Parking YN Yes
Parking Features Paved Drive
Parking Spaces5

Rooms

Bathroom3
Bathrooms Total Decimal 3
Bedrooms6
Full Bath3

Basic Information

List Price$449,900
MLS Number73578606
Modification Date09/22/2026
Property SubType3 Family - 3 Units Up/Down

Location

Address201-203 College Street
Building Number201-203
CountyHampden
StateMA
StreetCollege Street
TownSpringfield
Zip01109

Building

BasementFull
Building Area Units Square Feet
FoundationBrick/Mortar
Garage Spaces1
Levels 3
Rooms15
Stories3
Units3
Window Features Insulated Windows
Year Built1916
Year Built Details Approximate
Year Built Source Public Records

Property

Acreage0.11

Interior

Flooring Wood
Interior Features Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Kitchen, Living RM/Dining RM Combo

Exterior

RoofShingle

Utilities

Electric Circuit Breakers
Heat SystemYes
Heating Forced Air, Natural Gas, Electric
Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Public Records
Living Area 3,212
Lot Size Square Feet 5,001
Lot Size Units Acres
Square Feet3,212

Amenities

Amenities
- Highway Access
- House of Worship
- Laundromat
- Medical Facility
- Park
- Public School
- Public Transportation
- Shopping
- Walk/Jog Trails
Appliances IncludedRange, Dishwasher, Refrigerator
Other AmenitiesBasement

Legal

ZoningR2

Other

Date Listed09/17/2026
Farm Land Area Units Square Feet

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Newton, MA

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More Info

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Newton, MA