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148 River St, West Springfield, MA, 01089

1beds
1baths
1,064sqft
$325,000
$305price/sqft
$2,511/moest. monthly cost
$100,440/yrincome needed

About This Home

Former single-family residential dwelling with large lot for sale. The property offers a great opportunity for a variety of business or possible residential uses. The existing structure was most recently rented to a gift shop and has several large rooms, a full bathroom with shower, a kitchen area, a second floor room, and basement storage. Located minutes from the popular Big E/Eastern States Exposition fairgrounds, which could allow for additional parking income. BB-1 zoning allows a multitude of uses, including single-family and two-family residential. “The purpose of the BB-1 District is to provide a higher density area for a mix of industrial, multifamily residential and limited commercial uses.” Residential redevelopment nearby.

Getting Around

51
WalkingSomewhat Walkable
0
TransitVery Limited Transit
44
BikeSomewhat Bikeable

Schools

6/10
3/10
5/10

Construction

Condition

  • Year built: 1870

Materials

  • Foundation: Block

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other (See Remarks)
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area above ground: 1,064

Heating & Cooling

  • Heating features: Forced Air,Oil
  • Cooling features: None

Interior Area

  • Total structure area: 1,064
  • Total interior livable area: 1,064 sqft

Property

Details

  • Parcel number: M:00455 B:02250 L:00003,2662452
  • Zoning: BB-1

Lot

  • Lot size: 0.40 Acres
  • Features: Level

Parking

  • Total spaces: 10
  • Uncovered spaces: 10

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Hurricane
Inland Flooding
Ice Storm
Strong Wind
Winter Weather

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,643$19,716
Home Insurance *$133$1,596
Property Taxes $381$4,572
Electricity $354$4,259
Total$2,511$30,132
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$86,091/yr
40% on housing$75,330/yr
45% on housing$66,960/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.2%
-0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$305This listing

vs Other Active Listings

Avg $/sqft

ZIP 01089$196
Hampden County$187

vs Homes Sold Last Month

Median $/sqft

ZIP 01089$245
Hampden County$227

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-10Price change$325,000
2025-12-23Listed for sale$330,000
2021-11-30Listing removed--
2021-07-22Listed for sale$250,000

For Sale by Agent

AgentPaul Bongiorni
BrokeragePioneer CRE

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