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91 E Park St, Springfield MA 01105

Springfield, MA 01105
$2,150,000
$2,090,000
Est. $12,521/month
17
Beds
17
Baths
12,184
Sq Ft
$172
Price/Sq Ft
0.10
Acres
1930
Year Built
90
Days on Market
Active Price Drop -$60,000 Listed Apr 19, 2026 • MLS# 73504070 Copied! • Updated Jul 6, 2026

About this home

Exceptional investment opportunity at 91 E Park Street! This 17-unit apartment building consists entirely of one-bedroom apartments, offering a desirable and easy-to-manage unit mix with strong rental demand. Currently generating approximately $21,153 in gross monthly income, the property has only one vacant unit, providing immediate upside through lease-up.The consistent unit configuration supports operational efficiency, simplified management, and stable occupancy. Conveniently located minutes from MGM Springfield, downtown Springfield, major highways, public transportation, shopping, and local amenities, the property is well-positioned to attract and retain tenants.Whether you're looking to expand your portfolio or acquire a stabilized multifamily asset with additional income potential, 91 E Park Street presents a strong investment opportunity in Springfield's growing rental market.

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Recently Sold Nearby

Property History

Market Insights

1
Price Changes
2.8%
Price Range

Property Timeline

Price Reduced
Jul 2, 2026
$2,090,000 $60,000 (-2.79%)
From $2,150,000 to $2,090,000 (-2.8%)
🏠
Listed for Sale
Apr 20, 2026
$2,150,000
Original listing
Agent: Raquel Medina Office: Lock and Key Realty Inc.

Tax History

Year Taxes Assessment
2025 $21,033 $1,341,400

Financial Details

Annual Property Tax
$21,033
Tax Year 2025
Assessed Value
$1,341,400

Facts & Features

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 1930
Living Area 12,184 sq ft
Lot Size 0.10 acres
Bedrooms 17
Full Baths 17
Total Rooms 85

Investment Metrics

Units 17
Unit 1 Rent $1,300/mo · Y
Unit 2 Rent $1,275/mo · Y
Total Monthly Rent $2,575/mo
Gross Income $21,153
Net Operating Income $30,900
Cap Rate 1.48%
Heating None
Cooling None
Flooring Tile, Varies, Hardwood
Appliances Range, Refrigerator
Fireplace None
Basement Full
Laundry None
Features Living Room, Dining Room, Kitchen
Construction None
Architecture None
Roof Tar/gravel
Features None
Pool None
Spa None
Fencing None
Patio/Porch Porch
Features Off Street
Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, Varies Per Unit

Financial

Annual Tax $21,033
Assessed Value $1,341,400
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Members Of Ownership Entity Are Licensed Real Estate Salespersons
Possession None
Accepted Financing Contract
Structure Type []
Sq Ft Source Public Record
Documents None
County Hampden
Total market time (incl. prior listings) 78 days

Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1930
Bedrooms
17
Full Bathrooms
17
Living Area
12,184 sq ft
Total Rooms
85
Stories
4
Levels
4

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: Tile, Varies, Hardwood
Appliances: Range, Refrigerator
Interior Features: Living Room, Dining Room, Kitchen
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1930
Structure Type:
Exterior Materials:
Roof: Tar/Gravel
Foundation: Brick/Mortar
Stories: 4

Heating, Cooling & Utilities

Heating:
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Parking Features: Off Street

Special Features

View: Yes
View Type: City View(s)
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, University

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 $1,753
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.

Location

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Neighborhood

91 E Park St, Springfield MA 01105

Springfield, MA 01105

Listing Information

Listing Agent Raquel Medina
Listing Office Lock and Key Realty Inc.
Office Phone 413-282-8080
Agent MLS ID CN248005
Office MLS ID AN5521
Listing Data Updated Jul 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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