228 Belmont Ave, Springfield MA 01108
Springfield, MA 01108 • Forest Park
$1,500,000
$1,350,000
Est. $7,943/month
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About this home
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!!
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Recently Sold Nearby
Property History
Market Insights
3
Price Changes
10%
Price Range
Property Timeline
Contingency Update
Jun 22, 2026
Inspection
Status: Active under contract
Jun 22, 2026
Active → Active Under Contract
Pending Sale
Jun 19, 2026
Offer accepted, sale pending
Showing Instructions Updated
May 29, 2026
New showing requirements
Price Reduced
May 12, 2026
$1,350,000
$49,000
(-3.5%)
From $1,399,000 to $1,350,000 (-3.5%)
Price Reduced
Apr 2, 2026
$1,399,000
$1,000
(-0.07%)
From $1,400,000 to $1,399,000 (-0.1%)
Status: Active
Jan 29, 2026
Pending → Active
Pending Sale
Jan 1, 2026
Offer accepted, sale pending
Price Reduced
Dec 31, 2025
$1,400,000
$100,000
(-6.67%)
From $1,500,000 to $1,400,000 (-6.7%)
Showing Instructions Updated
Dec 15, 2025
New showing requirements
Listed for Sale
Dec 10, 2025
$1,400,000
Original listing
Agent: Patriot Living Group
Office: Lock and Key Realty Inc.
Listed for Sale
Dec 10, 2025
$1,400,000
Original listing
Agent: Patriot Living Group
Office: Lock and Key Realty Inc.
Listed for Sale
Dec 10, 2025
$1,500,000
Original listing
Agent: Patriot Living Group
Office: Lock and Key Realty Inc.
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/22/2026 | 📝 Contingency Update | - | - | - | Inspection |
| 06/22/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 06/19/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 05/29/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 05/12/2026 | ↓ Price Reduced | $1,350,000 | $49,000 | - | From $1,399,000 to $1,350,000 (-3.5%) |
| 04/02/2026 | ↓ Price Reduced | $1,399,000 | $1,000 | - | From $1,400,000 to $1,399,000 (-0.1%) |
| 01/29/2026 | 📋 Status: Active | - | - | - | Pending → Active |
| 01/01/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 12/31/2025 | ↓ Price Reduced | $1,400,000 | $100,000 | - | From $1,500,000 to $1,400,000 (-6.7%) |
| 12/15/2025 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 12/10/2025 | 🏠 Listed for Sale | $1,400,000 | - | - | Original listing |
| 12/10/2025 | 🏠 Listed for Sale | $1,400,000 | - | - | Original listing |
| 12/10/2025 | 🏠 Listed for Sale | $1,500,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $11,004 | $701,800 |
Financial Details
Annual Property Tax
$11,004
Tax Year 2025
Assessed Value
$701,800
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1915
Living Area
13,410 sq ft
Lot Size
0.28 acres
Bedrooms
24
Full Baths
8
Total Rooms
48
Investment Metrics
Units
8
Unit 1 Rent
— · Y
Unit 2 Rent
— · Y
Interior
Heating
None
Cooling
None
Flooring
Hardwood
Appliances
None
Fireplace
None
Fireplaces
1
Basement
Full, Partially Finished, Walk-out Access, Concrete, Unfinished
Laundry
None
Features
None
Exterior
Construction
Brick
Architecture
None
Roof
Rubber
Features
None
Pool
None
Spa
None
Fencing
Fenced/enclosed, Fenced
Patio/Porch
Deck - Wood, Patio
Parking
Features
Off Street
Total Spaces
12
Utilities
Electric
Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$11,004
Assessed Value
$701,800
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Tenants May Have Audio/visual Recording Devices. 6 Lead Certs. Showing For Vacant Unit Only Until Inspections. Washer Dryer Coin Ops Not Included In On Income. Fireplaces No Longer Operational. Reference Attached Document For Income And Expenses. Heating System Wifi App Operated - Nest
Additional Details
Possession
None
Accepted Financing
Contract
Structure Type
[]
House Color
Brick
Sq Ft Source
Public Record
Documents
None
County
Hampden
Total market time (incl. prior listings)
203 days
Property Overview
Property Type
5-9 Family
Listing Type
Sale Pending
Year Built
1915
Bedrooms
24
Full Bathrooms
8
Living Area
13,410 sq ft
Total Rooms
48
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
13,410 sq ft above grade
Display Options
Outdoor Areas
Patio & porchDeck - Wood, Patio
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
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:
Hardwood
Appliances:
Interior Features:
Windows:
Insulated Windows
Basement:
Full, Partially Finished, Walk-Out Access, Concrete, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1915
Structure Type:
Exterior Materials:
Brick
Roof:
Rubber
Foundation:
Brick/Mortar
Stories:
5
Heating, Cooling & Utilities
Heating:
Heating Zones:
9
Cooling:
Hot Water:
Electric
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Deck - Wood, Patio
Fencing:
Fenced/Enclosed, Fenced
Other Structures:
Lot Features:
Level
Road Frontage:
125.00 ft
Road Surface:
Parking & Garage
Total Parking Spaces:
12
Parking Features:
Off Street
Special Features
Fireplaces:
1
Fireplace Type:
Community Amenities:
Public Transportation, Walk/Jog Trails, Highway Access, House of Worship, Sidewalks
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
B+
Veritas Preparatory Charter School
0.5 mi
|
#10 of 25
|
Score: 34.4
Improved 341 spots from last year
-23.8 below state avg
712 students
Moderate
Early College Program
Rising School
Grades 05-12
Your Educational Success Academy
1.2 mi
Grades K-12
St. Michael's Academy
1.6 mi
Grades PK-08
D
The Springfield Virtual School
1.9 mi
|
#330 of 346
|
Score: 26.8
Improved 7 spots from last year
-31.4 below state avg
250 students
Moderate
College Ready Curriculum
Grades PK-12
A
Alfred G. Zanetti Montessori Magnet School
2.5 mi
|
#3 of 16
|
Score: 47.5
Improved 137 spots from last year
-10.7 below state avg
432 students
Diverse
Rising School
Grades PK-08
Pioneer Valley Christian Academy
2.9 mi
Grades PK-12
Academy Hill School
3.4 mi
Grades PK-08
A+
Springfield Preparatory Charter School
3.7 mi
|
#2 of 16
|
Score: 48.6
Improved 94 spots from last year
-9.7 below state avg
486 students
Moderate
Rising School
Grades K-08
Pioneer Valley Montessori School
3.9 mi
Grades PK-06
Grace Academy
3.9 mi
Grades K-12
Middle Schools
10 schools
C
John J. Duggan Middle School
2.9 mi
|
#266 of 346
|
Score: 44.7
Improved 20 spots from last year
-13.5 below state avg
823 students
Diverse
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
F
Forest Park Middle School
0.3 mi
|
#343 of 352
|
Score: 25.3
Improved 16 spots from last year
-32.9 below state avg
282 students
Diverse
Grades 06-08
Springfield Commonwealth Academy
0.8 mi
Grades 06-08
F
South End Middle School
0.9 mi
|
#350 of 352
|
Score: 23.5
Improved 12 spots from last year
-34.7 below state avg
163 students
Moderate
Grades 06-08
C+
STEM Middle Academy
2.4 mi
|
#12 of 16
|
Score: 26.4
Improved 298 spots from last year
-31.8 below state avg
269 students
Diverse
Rising School
Grades 06-08
Springfield Middle School
2.9 mi
18 students
Less Diverse
Grades 06-08
F
Springfield Public Day Middle School
2.9 mi
|
#352 of 352
|
Score: 19.6
Improved 14 spots from last year
-38.6 below state avg
60 students
Diverse
Grades 06-08
D
Springfield Legacy Academy
2.9 mi
|
#16 of 16
|
Score: 19.0
Improved 340 spots from last year
-39.2 below state avg
299 students
Less Diverse
Rising School
Grades 06-08
C-
Impact Prep at Chestnut
2.9 mi
|
#14 of 16
|
Score: 23.5
Improved 349 spots from last year
-34.7 below state avg
278 students
Moderate
Rising School
Grades 06-08
B
Chestnut Accelerated Middle School (Talented and Gifted)
2.9 mi
|
#164 of 352
|
Score: 43.2
Dropped 11 spots from last year
-15 below state avg
265 students
Diverse
Strong Attendance
Grades 06-08
High Schools
10 schools
C
Emergence Academy
1.3 mi
|
#21 of 25
|
Score: 25.5
Improved 356 spots from last year
-32.7 below state avg
382 students
Diverse
Rising School
Diverse Student Body
Grades 06-12
C-
Conservatory of the Arts
1.3 mi
|
#303 of 346
|
Score: 37.5
Improved 2 spots from last year
-20.7 below state avg
296 students
Moderate
College Ready Curriculum
Grades 06-12
C-
Libertas Academy Charter School
1.6 mi
|
#292 of 346
|
Score: 40.6
Improved 52 spots from last year
-17.7 below state avg
563 students
Moderate
7 sports
• 134 athletes
Rising School
Strong Attendance
Grades 06-12
C
The Springfield Renaissance School an Expeditionary Learning School
3.1 mi
|
#274 of 346
|
Score: 44.0
Improved 7 spots from last year
-14.3 below state avg
593 students
Diverse
High Graduation Rate
College Ready Curriculum
Grades 06-12
C-
Baystate Academy Charter Public School
3.5 mi
|
#314 of 346
|
Score: 34.8
Improved 29 spots from last year
-23.5 below state avg
388 students
Moderate
Rising School
College Ready Curriculum
Grades 06-12
C-
High School of Commerce
1.3 mi
|
#286 of 346
|
Score: 42.2
Improved 16 spots from last year
-16 below state avg
966 students
Moderate
11 sports
• 554 athletes
Early College Program
College Ready Curriculum
Grades 09-12
Pope Francis Preparatory School
1.6 mi
18 sports
• 1,124 athletes
Strong Athletics
Grades 09-12
F
Phoenix Academy Public Charter High School, Springfield
1.6 mi
|
#340 of 346
|
Score: 20.6
Improved 8 spots from last year
-37.6 below state avg
158 students
Moderate
College Ready Curriculum
Grades 09-12
B+
Gateway to College at Springfield Technical Community College
1.6 mi
|
#123 of 346
|
Score: 74.4
Same rank as last year
25 students
Moderate
College Ready Curriculum
Grades 09-12
F
Springfield International Academy at Sci-Tech
2.3 mi
|
#338 of 346
|
Score: 21.5
Dropped 38 spots from last year
-36.7 below state avg
95 students
Diverse
Career Tech Programs
College Ready Curriculum
Grades 09-12
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Location
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Neighborhood
Forest Park
228 Belmont Ave, Springfield MA 01108
Springfield, MA 01108
Listing Information
Listing Agent
Patriot Living Group
Listing Office
Lock and Key Realty Inc.
Office Phone
413-282-8080
Agent MLS ID
TM336290
Office MLS ID
AN5521
Listing Data Updated
Aug 4, 2026 7:24 AM 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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