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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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228 Belmont Ave , Springfield, MA 01108
$1,350,000
Est. Payment: $3,000.00/mo
24 Bed
8 Bath
13410 Sqft
Status: Under Agreement | Days on site: 256
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AN5521 - TM336290
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House Description

Prime investment opportunity awaits with this expansive multifamily apartment building offering strong rental income, excellent tenant appeal, and an unbeatable location. This well-maintained property features a diverse mix of spacious units, designed to attract long-term occupants and maximize year-over-year returns.Inside, residents enjoy generously sized living spaces with functional layouts, abundant natural light, and modernized kitchens and baths. Mechanical systems have been updated for efficiency and long-term durability, including newer heating, plumbing, and electrical improvements that support low-maintenance ownership. The exterior boasts professional management, secured entry, and dedicated off-street parking, with convenient enhancements such as coin-op laundry and private patios. Zoned for multifamily use, the property presents a scalable investment primed with recent MAJOR updates. This building is a must see to appreciate the long term addition to your portfolio!!

Highlights

Listed by Patriot Living Group , 413-271-7511 Lock and Key Realty Inc. , 413-282-8080.

Property Type

Multi-Family

Lot/Acreage
0.28

Year Built

1915

County

Hampden

Area

Forest Park

Listing ID

73461145

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:24
  • Bathrooms:8
  • Full Bathrooms:8
Floor:Hardwood
Water:Public

Exterior Features

Lot:Level
Garage Capacity:12
Zoning:R3
Roof:Rubber
Sewer:Public Sewer
Parking Features:Off Street,Parking Spaces: 12
Principal Interest
$3,000
Taxes
$917

Home Price

$1,350,000

Loan Details

30 yrs
%

Down Payment

20%
$270,000
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Monthly Price:
$3,000.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,000.00 $917.00 $0.00 $3,917.00
Yearly $36,000.00 $11,004.00 $0.00 $47,004.00
Total $1,080,000.00 $330,120.00 $0.00 $1,410,120.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Springfield, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.