228-232 Eastern Ave, Springfield MA 01109
Springfield, MA 01109
$699,000
Est. $4,514/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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Open House Schedule
26
Sep
Saturday, September 26
1:00 PM - 2:30 PM EDT
About this home
Turn-key 6-family investment opportunity featuring six 2-bedroom units across three floors. Most units have been renovated with updated kitchens, bathrooms, flooring, and finishes. Five units are currently leased with tenants in good standing and current on rent. One first-floor unit was recently turned over and is vacant, providing an opportunity for owner-occupancy or a new market-rate tenant. At full occupancy with current rents in place, the property generates over $94,000 in annual gross rental income. Tenants pay their own electric and gas utilities; owner pays water and sewer. Recent capital improvements include a $33,000 rebuild of the rear porch and newly replaced electric meters. Lead compliance certificates are available, and the property is up to date with current city requirements, including fire monitoring and an intercom system. Additional features include a corner lot and paved driveway with off-street parking for two vehicles. First open house Saturday, September 26, from 1:00 PM to 2:30 PM.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Sep 21, 2026
$699,000
Original listing
Agent: Kevin Li
Office: MP Signature Realty LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/21/2026 | 🏠 Listed for Sale | $699,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $9,355 | $605,100 |
Financial Details
Annual Property Tax
$9,355
Tax Year 2026
Assessed Value
$605,100
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1912
Living Area
7,188 sq ft
Lot Size
0.07 acres
Stories
5
Bedrooms
12
Full Baths
6
Total Rooms
24
Investment Metrics
Units
6
Unit 1 Rent
$1,285/mo · Y
Unit 2 Rent
$1,350/mo · Y
Unit 3 Rent
$1,350/mo · Y
Unit 4 Rent
$1,250/mo · Y
Total Monthly Rent
$5,235/mo
Gross Income
$94,620
Net Operating Income
$94,620
Cap Rate
13.54%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive
Total Spaces
2
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$9,355
Assessed Value
$605,100
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Certified Treated
Seller Disclosures
Buyer To Verify All Data. Seller Has Never Lived In Property. Listing Agent Is Related To Owner.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Hampden
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1912
Bedrooms
12
Full Bathrooms
6
Living Area
7,188 sq ft
Total Rooms
24
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
7,188 sq ft above grade
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1912
Structure Type:
Exterior Materials:
Roof:
Foundation:
Brick/Mortar
Stories:
5
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Corner Lot
Road Surface:
Parking & Garage
Total Parking Spaces:
2
Parking Features:
Paved Drive
Nearby Schools
School District
Springfield School District local
D
Where Graduates Go
Class of 2021
36%
attend college
20%
4-Year
16%
2-Year
3%
Out of State
3%
Working
School Safety
2024-25
5.9%
Above Average
5.1%
Suspensions
1.4%
In-School
0.8%
Emergency
0.4% above state avg
Elementary Schools
10 schools
D
The Springfield Virtual School
0.7 mi
|
#326 of 346
|
Score: 30.7
Improved 11 spots from last year
-27.5 below state avg
201 students
Moderate
College Ready Curriculum
Grades PK-12
Your Educational Success Academy
0.9 mi
Grades K-12
B
Veritas Preparatory Charter School
0.9 mi
|
#12 of 25
|
Score: 34.5
Improved 339 spots from last year
-23.8 below state avg
769 students
Moderate
Early College Program
Rising School
Grades 05-12
St. Michael's Academy
1.4 mi
Grades PK-08
A
Alfred G. Zanetti Montessori Magnet School
1.8 mi
|
#3 of 16
|
Score: 47.5
Improved 137 spots from last year
-10.7 below state avg
436 students
Diverse
Rising School
Grades PK-08
Pioneer Valley Christian Academy
2.4 mi
Grades PK-12
Academy Hill School
2.5 mi
Grades PK-08
A+
Springfield Preparatory Charter School
2.5 mi
|
#2 of 16
|
Score: 48.5
Improved 94 spots from last year
-9.8 below state avg
485 students
Moderate
Rising School
Strong Attendance
Grades K-08
Grace Academy
2.8 mi
Grades K-12
Pioneer Valley Montessori School
3.4 mi
Grades PK-06
Middle Schools
10 schools
C
John J. Duggan Middle School
2.0 mi
|
#251 of 346
|
Score: 47.1
Improved 35 spots from last year
-11.1 below state avg
843 students
Diverse
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
Springfield Commonwealth Academy
0.8 mi
Grades 06-08
F
South End Middle School
1.2 mi
|
#350 of 352
|
Score: 23.0
Improved 12 spots from last year
-35.2 below state avg
176 students
Moderate
Grades 06-08
C+
STEM Middle Academy
1.2 mi
|
#12 of 16
|
Score: 24.5
Improved 298 spots from last year
-33.7 below state avg
241 students
Diverse
Rising School
Grades 06-08
F
Forest Park Middle School
1.3 mi
|
#341 of 352
|
Score: 26.3
Improved 18 spots from last year
-31.9 below state avg
460 students
Diverse
Grades 06-08
C-
Van Sickle Prep School
2.1 mi
|
#15 of 16
|
Score: 21.0
Improved 330 spots from last year
-37.2 below state avg
207 students
Moderate
Rising School
Grades 06-08
B-
Van Sickle Academy
2.1 mi
|
#10 of 16
|
Score: 28.1
Improved 340 spots from last year
-30.1 below state avg
256 students
Moderate
Rising School
Grades 06-08
Springfield Middle School
2.4 mi
15 students
Moderate
Grades 06-08
F
Springfield Public Day Middle School
2.4 mi
|
#352 of 352
|
Score: 19.5
Improved 14 spots from last year
-38.7 below state avg
45 students
Diverse
Grades 06-08
D
Springfield Legacy Academy
2.7 mi
|
#16 of 16
|
Score: 18.8
Improved 340 spots from last year
-39.4 below state avg
243 students
Less Diverse
Rising School
Grades 06-08
High Schools
10 schools
C
Emergence Academy
0.7 mi
|
#21 of 25
|
Score: 26.2
Improved 356 spots from last year
-32 below state avg
376 students
Diverse
Rising School
Diverse Student Body
Grades 06-12
C-
Conservatory of the Arts
0.9 mi
|
#303 of 346
|
Score: 37.6
Improved 2 spots from last year
-20.6 below state avg
292 students
Moderate
High Graduation Rate
College Ready Curriculum
Grades 06-12
C+
Libertas Academy Charter School
1.4 mi
|
#238 of 346
|
Score: 48.5
Improved 106 spots from last year
-9.8 below state avg
592 students
Moderate
7 sports
• 134 athletes
Rising School
Grades 06-12
C
The Springfield Renaissance School an Expeditionary Learning School
2.1 mi
|
#275 of 346
|
Score: 45.0
Improved 6 spots from last year
-13.2 below state avg
596 students
Diverse
High Graduation Rate
College Ready Curriculum
Grades 06-12
C-
Baystate Academy Charter Public School
2.3 mi
|
#306 of 346
|
Score: 37.1
Improved 37 spots from last year
-21.1 below state avg
344 students
Diverse
Rising School
College Ready Curriculum
Grades 06-12
C
High School of Commerce
0.7 mi
|
#272 of 346
|
Score: 45.2
Improved 30 spots from last year
-13 below state avg
835 students
Moderate
11 sports
• 554 athletes
Early College Program
Rising School
College Ready Curriculum
Grades 09-12
F
Phoenix Academy Public Charter High School, Springfield
0.9 mi
|
#343 of 346
|
Score: 20.1
Improved 5 spots from last year
-38.1 below state avg
175 students
Moderate
College Ready Curriculum
Grades 09-12
B+
Gateway to College at Springfield Technical Community College
1.0 mi
|
#123 of 346
|
Score: 74.4
Same rank as last year
30 students
Diverse
College Ready Curriculum
Grades 09-12
Pope Francis Preparatory School
1.1 mi
18 sports
• 1,124 athletes
Strong Athletics
Grades 09-12
F
Springfield International Academy at Sci-Tech
1.1 mi
|
#340 of 346
|
Score: 20.7
Dropped 40 spots from last year
-37.5 below state avg
52 students
Diverse
Career Tech Programs
College Ready Curriculum
Diverse Student Body
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$780
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Rate Impact
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
228-232 Eastern Ave, Springfield MA 01109
Springfield, MA 01109
Listing Information
Listing Agent
Kevin Li
Listing Office
MP Signature Realty LLC
Office Phone
781-322-6928
Agent MLS ID
CN242963
Office MLS ID
AN4267
Listing Data Updated
Sep 21, 2026 5:39 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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