298-302 Belmont Ave, Springfield MA 01108
Springfield, MA 01108
$749,900
Est. $4,729/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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About this home
Discover an investment opportunity at 298–302 Belmont Avenue in Springfield! This six-unit property features four residential apartments and two occupied commercial spaces. The seller has a transferable special permit in hand allowing the commercial spaces to be converted into residential units, giving the buyer an opportunity to increase rental income and build additional equity.All units have separate utilities, which are paid by the tenants. The property underwent extensive renovations in 2022, including a new roof, furnaces, hot water tanks, plumbing and electrical systems, a hardwired fire alarm system, and heating and central air in five units. Each residential apartment features two bedrooms, a living room, dining room, kitchen, and full bathroom, offering the potential to reconfigure the layout into a three-bedroom unit if desired. All four residential units have central air conditioning and lead certificates. Two apartments have laundry hookups inside their units. Both first-floor commercial spaces contain two rooms; one has a full bathroom, while the other has a half bathroom. With plumbing already installed in the commercial spaces, much of the groundwork for the residential conversion is already in place, subject to applicable requirements and approvals.With commercial tenants already in place, the property offers income from day one. Additional features include off-street parking in a private lot behind the building. Whether maintaining the current mixed-use configuration or pursuing the permitted residential conversion, this property offers multiple opportunities for future growth. Don’t miss out on this unique investment opportunity!
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Sep 22, 2026
$749,900
Original listing
Agent: Jessica Mekal
Office: Lock and Key Realty Inc.
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/22/2026 | 🏠 Listed for Sale | $749,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $8,844 | $564,000 |
Financial Details
Annual Property Tax
$8,844
Tax Year 2025
Assessed Value
$564,000
Facts & Features
Home Facts
Type
Residential Income
Style
5+ Family - 5+ Units Up/Down
Year Built
1910
Living Area
6,415 sq ft
Lot Size
0.17 acres
Stories
5
Bedrooms
8
Full Baths
5
Half Baths
1
Total Rooms
24
Investment Metrics
Units
6
Unit 1 Rent
$900/mo · Y
Unit 2 Rent
$1,550/mo · Y
Unit 3 Rent
— · N
Unit 4 Rent
$1,550/mo · Y
Total Monthly Rent
$4,000/mo
Gross Income
$64,500
Net Operating Income
$64,500
Cap Rate
8.60%
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
6
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$8,844
Assessed Value
$564,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
None
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Hampden
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1910
Bedrooms
8
Full Bathrooms
5
Half Bathrooms
1
Living Area
6,415 sq ft
Total Rooms
24
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
6,415 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:
1910
Structure Type:
Exterior Materials:
Roof:
Foundation:
Block
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:
Road Surface:
Parking & Garage
Total Parking Spaces:
6
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
B
Veritas Preparatory Charter School
0.6 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
Your Educational Success Academy
1.3 mi
Grades K-12
St. Michael's Academy
1.5 mi
Grades PK-08
D
The Springfield Virtual School
1.8 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
A
Alfred G. Zanetti Montessori Magnet School
2.6 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
2.8 mi
Grades PK-12
Academy Hill School
3.4 mi
Grades PK-08
A+
Springfield Preparatory Charter School
3.6 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
Pioneer Valley Montessori School
3.8 mi
Grades PK-06
Grace Academy
3.9 mi
Grades K-12
Middle Schools
10 schools
C
John J. Duggan Middle School
2.8 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
F
Forest Park Middle School
0.2 mi
|
#341 of 352
|
Score: 26.3
Improved 18 spots from last year
-31.9 below state avg
460 students
Diverse
Grades 06-08
Springfield Commonwealth Academy
0.9 mi
Grades 06-08
F
South End Middle School
1.1 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
2.3 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
Springfield Middle School
3.0 mi
15 students
Moderate
Grades 06-08
F
Springfield Public Day Middle School
3.0 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
3.1 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
C
Impact Prep at Chestnut
3.1 mi
|
#13 of 16
|
Score: 23.7
Improved 350 spots from last year
-34.5 below state avg
314 students
Moderate
Rising School
Grades 06-08
B
Chestnut Accelerated Middle School (Talented and Gifted)
3.1 mi
|
#162 of 352
|
Score: 43.2
Dropped 9 spots from last year
-15 below state avg
291 students
Diverse
Strong Attendance
Grades 06-08
High Schools
10 schools
C
Emergence Academy
1.4 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
1.4 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
1.7 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
3.1 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
3.5 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
1.4 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
Pope Francis Preparatory School
1.5 mi
18 sports
• 1,124 athletes
Strong Athletics
Grades 09-12
F
Phoenix Academy Public Charter High School, Springfield
1.7 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
1.7 mi
|
#123 of 346
|
Score: 74.4
Same rank as last year
30 students
Diverse
College Ready Curriculum
Grades 09-12
F
Springfield International Academy at Sci-Tech
2.2 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
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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
$737
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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$0
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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
298-302 Belmont Ave, Springfield MA 01108
Springfield, MA 01108
Listing Information
Listing Agent
Jessica Mekal
Listing Office
Lock and Key Realty Inc.
Office Phone
413-282-8080
Agent MLS ID
CN248483
Office MLS ID
AN5521
Listing Data Updated
Sep 21, 2026 10:45 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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