248 Lyman St, Holyoke MA 01040

Holyoke, MA 01040
$349,000
Est. $2,504/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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4
Beds
2
Baths
1,800
Sq Ft
$194
Price/Sq Ft
0.07
Acres
1890
Year Built
2
Garage Spaces
New today
Time on Market
For Sale Open House Listed Nov 2, 2026 • MLS# 73597795 Copied! • Updated Nov 2, 2026

Track this home for price, status, and open-house alerts.

Open House Schedule

08
Nov
Sunday, November 8
1:00 PM - 2:00 PM EST
07
Nov
Saturday, November 7
12:00 PM - 1:30 PM EST

About this home

Great opportunity for first-time homebuyers or investors! This beautifully updated two-family home offers comfort, flexibility, and income potential in a convenient location. The first-floor unit is currently generating rental income, while the second-floor unit is vacant and ready for its next owner or tenant. Recent improvements include newer windows, a newer roof, and updated electrical with recessed lighting throughout. Both apartments feature an open-concept layout, creating a spacious and inviting feel. The second-floor unit also offers a spiral staircase leading to two additional finished rooms, providing extra space for a home office, recreation room, or other uses. A two-car garage adds valuable parking and storage. Live in one unit while collecting rental income from the other, or add this versatile property to your investment portfolio. An excellent opportunity to build equity while enjoying the benefits of a well-maintained, updated two-family home!

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Recently Sold Nearby

Price & Status History

Property Timeline

🏠
Listed for Sale
Nov 2, 2026
$349,000
Original listing
Agent: New Homes Realty Group Office: Gallagher Real Estate

Tax History

Year Taxes Assessment
2026 $6,475 $371,000

Financial Details

Annual Property Tax
$6,475
Tax Year 2026
Assessed Value
$371,000

Facts & Features

2 Car Garage

Home Facts

Type Residential Income
Style 2 Family - 2 Units Up/Down
Year Built 1890
Living Area 1,800 sq ft
Lot Size 0.07 acres
Stories 3
Bedrooms 4
Full Baths 2
Total Rooms 9

Investment Metrics

Units 2
Unit 1 Rent $1,650/mo · Y
Unit 2 Rent — · N
Total Monthly Rent $1,650/mo
Gross Income $19,800
Net Operating Income $19,800
Cap Rate 5.67%
Heating None
Cooling None
Flooring Wood
Appliances None
Fireplace None
Basement Full
Laundry None
Features None
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Garage Spaces 2
Has Garage Yes
Features Off Street
Total Spaces 4
Electric 220 Volts
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $6,475
Assessed Value $371,000
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Unknown
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
House Color yellow
Sq Ft Source Other
Documents None
County Hampden

Property Overview

Property Type
2 Family - 2 Units Up/Down
Listing Type
For Sale
Year Built
1890
Bedrooms
4
Full Bathrooms
2
Living Area
1,800 sq ft
Total Rooms
9
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring: Wood
Appliances:
Interior Features:
Windows: Insulated Windows
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1890
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Brick/Mortar
Stories: 3

Utilities & Systems

Heating:
Cooling:
Hot Water: Electric
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

Garage Spaces: 2
Total Parking Spaces: 4
Parking Features: Off Street
School District
Holyoke School District local
F
🎓 Where Graduates Go Class of 2021
36% attend college
15% 4-Year 21% 2-Year 4% Out of State 4% Working
⚠ School Safety 2024-25
12.2% Above Average
9.6% Suspensions 2.7% In-School 2.6% Emergency
↑ 6.7% above state avg
E

Elementary Schools

3 schools
Mater Dolorosa School
0.2 mi
Grades PK-08
F
H.B. Lawrence School
0.6 mi | #820 of 825 | Score: 24.4
Improved 16 spots from last year
-33.8 below state avg
263 students Moderate
Grades PK-05
F
Kelly Elementary School
0.8 mi | #804 of 825 | Score: 27.4
Improved 30 spots from last year
-30.8 below state avg
482 students Less Diverse
Rising School
Grades PK-05
M

Middle Schools

3 schools
Dr. William R. Peck Middle School
1.3 mi
501 students Moderate
Grades 06-08
C
Bellamy Middle School
1.8 mi | #254 of 352 | Score: 35.9
Dropped 8 spots from last year
-22.3 below state avg
766 students Diverse
Grades 06-08
F
Lt. Clayre Sullivan Elementary School
1.8 mi | #345 of 352 | Score: 24.5
Improved 22 spots from last year
-33.7 below state avg
429 students Less Diverse
Rising School
Grades 06-08
H

High Schools

3 schools
LightHouse Holyoke
0.7 mi
Grades 06-12
D
Holyoke High School
1.0 mi | #317 of 346 | Score: 34.1
Improved 40 spots from last year
-24.1 below state avg
1,485 students Less Diverse
15 sports • 722 athletes
Early College Program Rising School Career Tech Programs Strong Athletics
Grades 09-12
F
Opportunity Academy at Metcalf
1.6 mi | #335 of 346 | Score: 22.7
Improved 49 spots from last year
-35.5 below state avg
213 students Moderate
Rising School
Grades 09-12
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Including down payment
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $540
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

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

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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

248 Lyman St, Holyoke MA 01040

Holyoke, MA 01040

Listing Information

Listing Agent New Homes Realty Group
Listing Office Gallagher Real Estate
Office Phone 413-536-7232
Agent MLS ID TM339164
Office MLS ID AN6336
Listing Data Updated Nov 2, 2026 2:42 PM EST
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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