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228 Belmont Ave, Springfield MA 01108

Springfield, MA 01108 • Forest Park
$1,500,000
$1,350,000
Est. $7,943/month
24
Beds
8
Baths
13,410
Sq Ft
$101
Price/Sq Ft
0.28
Acres
1915
Year Built
12
Parking
205
Days on Market
Pending Price Drop -$150,000 Listed Dec 9, 2025 • MLS# 73461145 Copied! • Updated Jul 5, 2026

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.

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
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
Construction Brick
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing Fenced/enclosed, Fenced
Patio/Porch Deck - Wood, Patio
Features Off Street
Total Spaces 12
Electric Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $11,004
Assessed Value $701,800
Fee Includes None
Amenities None
Optional Fee Includes None
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
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
For Sale
Year Built
1915
Bedrooms
24
Full Bathrooms
8
Living Area
13,410 sq ft
Total Rooms
48
Stories
5
Levels
5

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

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 information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $917
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

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 Jul 5, 2026 3:07 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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