Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

55-59 Margaret St, Springfield, MA, 01105

11beds
4baths
4,500sqft
$599,999
$133price/sqft
$5,275/moest. monthly cost
$211,000/yrincome needed

About This Home

Great investment opportunity! This well-maintained 4-unit building offers 11 bedrooms and strong income potential. Fully occupied with reliable tenants, it provides immediate cash flow. Each unit has separate utilities, helping keep owner expenses low. With stable occupancy, solid rental history, and potential for future rent growth, this is an excellent opportunity to secure a high-performing, income-producing asset. Well cared for and consistently maintained, this property presents a turnkey opportunity for both seasoned investors and those looking to grow their portfolio. There is also potential to expand the attic, offering added value and additional possibilities. Conveniently located near local amenities, shopping, dining, and transportation, making it highly attractive for renters.

Getting Around

92
WalkingWalker's Paradise
71
TransitExcellent Transit
66
BikeBikeable

Schools

7/10
White Street SchoolGrades PK-51.6 mi
3/10
South End Middle SchoolGrades 6-80.1 mi
2/10
High School Of CommerceGrades 9-120.8 mi

Construction

Condition

  • Year built: 1923

Materials

  • Foundation: Brick/Mortar
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: 4 Family

Interior

Appliances

  • Appliances included: Range,Refrigerator

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 11
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Ceiling Fan(s),Pantry,Bathroom With Tub & Shower,Lead Certification Available,Living Room,Kitchen
  • Flooring: Wood,Tile,Vinyl
  • Finished area above ground: 4,500

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 4,500
  • Total interior livable area: 4,500 sqft

Property

Details

  • Parcel number: S:08255 P:0056,2594249
  • Zoning: R3

Features

  • Patio & porch: Porch,Deck - Wood

Lot

  • Lot size: 4,025 sqft
  • Features: Cleared,Level