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228 Belmont Ave, Springfield MA 01108

Springfield, MA 01108 • Forest Park
$1,399,000
Est. $8,191/month
24
Beds
8
Baths
13,410
Sq Ft
$104
Price/Sq Ft
0.28
Acres
1915
Year Built
122
Days on Market
Active Price Drop -$101,000 Listed Dec 10, 2025 • MLS# 73461145 Copied!

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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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

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

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

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

Location

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Neighborhood

Forest Park

228 Belmont Ave, Springfield MA 01108

Springfield, MA 01108

Walkability

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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
E

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
M

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
H

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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Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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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.

Property History

Market Insights

2
Price Changes
6.7%
Price Range

Property Timeline

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.

Price & Status History

Date Event Price Change
Apr 2, 2026 Price Changed $1,399,000 -$1,000
Jan 29, 2026 Status: Active $0
Dec 31, 2025 Price Changed $1,400,000 -$100,000
Dec 10, 2025 New Listing Added $1,400,000
Dec 10, 2025 New Listing Added $1,400,000
Dec 10, 2025 New Listing Added $1,500,000

Market Statistics

Days on Market
122 days
Price per Sq Ft
$104
Total Price Drop
-$101,000

Tax History

Year Taxes Assessment
2025 $11,004 $701,800

Financial Details

Annual Property Tax
$11,004
Tax Year 2025
Assessed Value
$701,800

Listing Information

Listing Agent Patriot Living Group
Listing Office Lock and Key Realty Inc.
Agent MLS ID TM336290
Office MLS ID AN5521
Listing Data Updated Apr 6, 2026 3:05 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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Market Analytics for Springfield, MA

Real-time market trends and pricing data for this area

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