281-285 Belmont Ave, Springfield MA 01108
Springfield, MA 01108
$850,000
Est. $5,189/month
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About this home
Mixed-use investment opportunity at 281 Belmont St! This versatile property features four residential units plus two storefronts, offering multiple streams of potential rental income. Two residential units are currently vacant, providing an immediate opportunity for an owner-occupant to move in or for an investor to place new tenants and maximize rental income. The remaining units provide additional income potential, while the storefronts offer valuable commercial space and added flexibility. Lead certificates are available. Whether you're looking to expand your portfolio, house hack, or add a property with both residential and commercial income potential, this is an opportunity worth seeing!
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Public Records & Permits
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Aug 20, 2026
$850,000
Original listing
Agent: Sheila Perez
Office: Naples Realty Group
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/20/2026 | 🏠 Listed for Sale | $850,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $8,285 | $528,400 |
Financial Details
Annual Property Tax
$8,285
Tax Year 2025
Assessed Value
$528,400
Facts & Features
Home Facts
Type
Residential Income
Style
4 Family
Year Built
1990
Living Area
8,000 sq ft
Lot Size
0.14 acres
Stories
5
Total Rooms
15
Investment Metrics
Units
6
Unit 1 Rent
$1,275/mo · Y
Unit 2 Rent
$1,000/mo · Y
Unit 3 Rent
$1,300/mo · N
Total Monthly Rent
$3,575/mo
Gross Income
$64,500
Net Operating Income
$64,500
Cap Rate
7.59%
Interior
Heating
None
Cooling
None
Flooring
Wood, Vinyl
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
None
Features
Rain Gutters, Sprinkler System
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Paved Drive, Paved
Total Spaces
4
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
Varies Per Unit
Financial
Annual Tax
$8,285
Assessed Value
$528,400
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Lead Paint
Certified Treated, Unknown
Seller Disclosures
4 Residential Units And 2 Store Fronts. Please See Attached Info For Rents. Restaurant Can Be Delivered Vacant If Needed. Two Residential Units Can Be Rented For 1800-1900.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Hampden
Total market time (incl. prior listings)
4 days
Property Overview
Property Type
4 Family
Listing Type
For Sale
Year Built
1990
Living Area
8,000 sq ft
Total Rooms
15
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
8,000 sq ft above 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:
Wood, Vinyl
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1990
Structure Type:
Exterior Materials:
Frame
Roof:
Foundation:
Block
Stories:
5
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Rain Gutters, Sprinkler System
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
4
Parking Features:
Paved Drive, Paved
Nearby Schools
School information not available for this location.
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
$690
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
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Neighborhood
281-285 Belmont Ave, Springfield MA 01108
Springfield, MA 01108
Listing Information
Listing Agent
Sheila Perez
Listing Office
Naples Realty Group
Office Phone
413-650-1314
Agent MLS ID
CN229943
Office MLS ID
AN6415
Listing Data Updated
Aug 24, 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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