51-53 Leyfred Ter, Springfield MA 01108
Springfield, MA 01108
$450,000
Est. $2,761/month
Track this home for price, status, and open-house alerts.
About this home
Excellent opportunity for both owner-occupants and investors in the desirable Forest Park neighborhood! This well-maintained 3-family features a vacant 2nd-floor unit, offering the perfect opportunity to move in while collecting rental income or lease all three units for maximum cash flow. The property offers spacious layouts, separate utilities, off-street parking, and convenient access to shopping, restaurants, parks, schools, public transportation, and major highways. A true cash cow, with projected market rents of approximately $1,750 per unit, offering strong income potential, upside, and the ability to meet the coveted 1% rule. Ask about down payment assistance programs up to $50,000 for qualified buyers and 3% down financing with no PMI. Don't miss this incredible opportunity—schedule your private showing today!
View in the App
Save this property, schedule tours instantly, and get alerts when the price drops
Scan with phone
Public Records & Permits
Log in to view assessor & tax records, ownership history, and recent building permits for this property.
BMN Estimate
Get the number an algorithm can't give you
A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.
Recently Sold Nearby
Property History
Market Insights
Property Timeline
Showing Instructions Updated
Aug 27, 2026
New showing requirements
Back On Market
Aug 27, 2026
Active
Status: Active under contract
Aug 8, 2026
Active → Active Under Contract
Pending Sale
Aug 7, 2026
Offer accepted, sale pending
Listed for Sale
Jul 15, 2026
$450,000
Original listing
Agent: Johnny Long
Office: PRIVI Realty LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/27/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 08/27/2026 | • Back On Market | - | - | - | Active |
| 08/08/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 08/07/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 07/15/2026 | 🏠 Listed for Sale | $450,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $3,423 | $218,300 |
Financial Details
Annual Property Tax
$3,423
Tax Year 2025
Assessed Value
$218,300
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1908
Living Area
3,056 sq ft
Lot Size
0.16 acres
Stories
3
Bedrooms
6
Full Baths
3
Total Rooms
14
Investment Metrics
Units
3
Unit 1 Rent
$1,495/mo · Y
Unit 2 Rent
$1,750/mo · N
Unit 3 Rent
$1,095/mo · N
Total Monthly Rent
$4,340/mo
Gross Income
$76,080
Net Operating Income
$76,080
Cap Rate
16.91%
Interior
Heating
Natural Gas
Cooling
None
Flooring
None
Appliances
Range, Refrigerator
Fireplace
None
Basement
Full, Unfinished
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Paved Drive, Off Street
Total Spaces
4
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$3,423
Assessed Value
$218,300
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Unit 1 Lease Through 11/30/2026, Unit 2 Vacant, Unit 3 Taw; Rental Amount Shown For Unit 2 Is 2026 Hud Fair Market Rent For A 2 Bedroom In Zip Code.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Appraiser
Documents
None
County
Hampden
Total market time (incl. prior listings)
38 days
Property Overview
Property Type
3 Family
Listing Type
For Sale
Year Built
1908
Bedrooms
6
Full Bathrooms
3
Living Area
3,056 sq ft
Total Rooms
14
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,056 sq ft above grade
0 sq ft below grade
Display Options
Outdoor Areas
Patio & porchPorch
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:
Appliances:
Range, Refrigerator
Interior Features:
Windows:
Basement:
Full, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1908
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Brick/Mortar
Stories:
3
Heating, Cooling & Utilities
Heating:
Natural Gas
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
4
Parking Features:
Paved Drive, Off Street
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
3 schools
B+
Veritas Preparatory Charter School
0.3 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
C-
Sumner Avenue School
0.5 mi
|
#729 of 824
|
Score: 33.7
Dropped 64 spots from last year
-24.5 below state avg
490 students
Diverse
Grades PK-05
D
Kensington International School
0.6 mi
|
#763 of 824
|
Score: 31.4
Dropped 105 spots from last year
-26.8 below state avg
278 students
Moderate
Grades PK-05
Middle Schools
3 schools
F
Forest Park Middle School
0.6 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
0.6 mi
Grades 06-08
F
South End Middle School
0.7 mi
|
#350 of 352
|
Score: 23.5
Improved 12 spots from last year
-34.7 below state avg
163 students
Moderate
Grades 06-08
High Schools
3 schools
C-
Conservatory of the Arts
1.1 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-
High School of Commerce
1.1 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
C
Emergence Academy
1.1 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
Learn about these ratings
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
$285
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
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
Loading map...
Neighborhood
51-53 Leyfred Ter, Springfield MA 01108
Springfield, MA 01108
Listing Information
Listing Agent
Johnny Long
Listing Office
PRIVI Realty LLC
Office Phone
508-468-4329
Agent MLS ID
CN241902
Office MLS ID
AN6354
Listing Data Updated
Aug 27, 2026 10:54 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
Contact Us
Ask about this property — free, no obligation.
Similar Homes for Sale
Comparable Properties
Customize Comparable Search
Finding comparable properties...
Loading market insights for Springfield.