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40 Ames St, Springfield MA 01104

Springfield, MA 01104
$242,000
Est. $1,764/month
2
Beds
2
Baths
1,248
Sq Ft
$194
Price/Sq Ft
0.11
Acres
1941
Year Built
4
Parking
Multi Family
Type
4
Days on Market
Active Listed Jul 6, 2026 • MLS# 73544831 Copied! • Updated Jul 10, 2026

About this home

Excellent investment opportunity! This well-maintained two-family property features two one-bedroom, one-bath units, each offering comfortable living spaces and practical layouts. Conveniently located in an established Springfield neighborhood with easy access to shopping, dining, schools, public transportation, and major highways. Both units are currently leased, providing immediate rental income for investors or an ideal opportunity to add to your portfolio.

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A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.

Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Jul 6, 2026
$242,000
Original listing
Agent: Mary O'Connell Office: Wolcott Realty

Tax History

Year Taxes Assessment
2026 $4,089 $184,000

Financial Details

Annual Property Tax
$4,089
Tax Year 2026
Assessed Value
$184,000

Facts & Features

Home Facts

Type Residential Income
Style Multi Family
Year Built 1941
Living Area 1,248 sq ft
Lot Size 0.11 acres
Bedrooms 2
Full Baths 2
Total Rooms 6

Investment Metrics

Units 2
Unit 1 Rent $950/mo · Y
Unit 2 Rent $1,200/mo · Y
Total Monthly Rent $2,150/mo
Gross Income $25,800
Net Operating Income $25,800
Cap Rate 10.66%
Heating Forced Air, Natural Gas, Unit Control
Cooling Window Unit(s)
Flooring None
Appliances None
Fireplace None
Basement Full
Laundry None
Features Living Room, Kitchen
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Off Street
Total Spaces 4
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $4,089
Assessed Value $184,000
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
House Color green
Sq Ft Source Public Record
Documents None
County Hampden
Total market time (incl. prior listings) 4 days

Property Overview

Property Type
Multi Family
Listing Type
For Sale
Year Built
1941
Bedrooms
2
Full Bathrooms
2
Living Area
1,248 sq ft
Total Rooms
6
Stories
2
Levels
2

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:
Appliances:
Interior Features: Living Room, Kitchen
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1941
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Concrete Perimeter
Stories: 2

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas, Unit Control
Heating Zones: 2
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Cleared, Level
Road Surface:

Parking & Garage

Total Parking Spaces: 4
Parking Features: Off Street
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

3 schools
D
Mary O Pottenger School
0.1 mi | #755 of 824 | Score: 32.1
Dropped 137 spots from last year
-26.1 below state avg
365 students Moderate
Grades PK-05
C-
Samuel Bowles School
0.5 mi | #684 of 824 | Score: 36.4
Improved 32 spots from last year
-21.8 below state avg
325 students Diverse
Rising School
Grades PK-05
Grace Academy
0.6 mi
Grades K-12
M

Middle Schools

3 schools
C
Van Sickle Prep School
0.5 mi | #13 of 16 | Score: 23.5
Improved 332 spots from last year
-34.7 below state avg
206 students Moderate
Rising School
Grades 06-08
B-
Van Sickle Academy
0.5 mi | #10 of 16 | Score: 28.3
Improved 340 spots from last year
-29.9 below state avg
262 students Moderate
Rising School
Grades 06-08
C
Dupont Middle School
1.2 mi | #257 of 352 | Score: 35.8
Dropped 18 spots from last year
-22.4 below state avg
683 students Diverse
Grades 06-08
H

High Schools

3 schools
C
The Springfield Renaissance School an Expeditionary Learning School
0.5 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-
Chicopee High School
1.0 mi | #291 of 346 | Score: 41.3
Improved 42 spots from last year
-16.9 below state avg
918 students Diverse
17 sports • 1,102 athletes
Rising School Strong Athletics
Grades 09-12
C
Springfield Central High School
1.2 mi | #262 of 346 | Score: 45.2
Improved 37 spots from last year
-13 below state avg
1,983 students Diverse
17 sports • 1,176 athletes
High Graduation Rate Rising School College Ready Curriculum Strong Athletics
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

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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 $341
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

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Current Rate
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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

40 Ames St, Springfield MA 01104

Springfield, MA 01104

Listing Information

Listing Agent Mary O'Connell
Listing Office Wolcott Realty
Office Phone 413-218-4344
Agent MLS ID M9502500
Office MLS ID M95204
Listing Data Updated Jul 10, 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.

Contact Us

BMN Boston Real Estate
BMN Boston Real Estate
Douglas Elliman
(617) 800 - 9008 contact@bmnboston.com
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