69 Winter St, Springfield, MA 01105
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$449,000
Type: Mixed Use
Other (See Remarks)
4780 Bldg. SQFT
2 Restroom
Parking: N/A

Property Description

This downtown Springfield investment property offers a $5,500 monthly rent roll. The property consists of a joisted masonry building containing one 3BR apartment, one 5BR apartment, and nine individual garage bays that are rented at a monthly rate of $150 - $250. Apartments feature a sunroom, and the 5BR apartment also has an office. The apartments are bright with renovated kitchens and a combination of hardwood and laminate flooring. The projected NOI is $55,359 and the cap rate is 12.3%. Located nearby to the Springfield FD Headquarters, the property offers access to major highways I-91, I-291 & I-90 (the Mass Pike); as well as area hospitals (under two miles to Baystate Medical Center and approximately one mile to Mercy Medical Center). The property is situated close to Springfield’s CBD, nearby to MGM Springfield and the Basketball Hall of Fame, within a 30 minute drive time of UMass Amherst and the Five College Area.

Property Details tap to expand

Property Information

  • Type: Mixed Use
  • Location: Other (See Remarks)
  • MLS ID#: 73386444

Financial

  • Gross Annual Expenses: 10641
  • Gross Annual Income: 66000
  • Net Operating Income: 55359
  • Lease Type: Other (See Remarks)

Building Information

  • Total SQFT: 4780
  • Total Restrooms: 2

Construction & Utilities

  • Utilities: Natural Gas, Public Sewer, Public Water

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/18/2025Active$449,000$128MLSPIN
08/18/2025Active$449,000$94MLSPIN
08/14/2025Price Change$449,000$94MLSPIN
08/14/2025Price Change$449,000$128MLSPIN
07/13/2025Active$475,000$99MLSPIN
07/13/2025Active$475,000$135MLSPIN
07/09/2025Price Change$475,000$99MLSPIN
07/09/2025Price Change$475,000$135MLSPIN
06/09/2025Active$495,000$104MLSPIN
06/05/2025New$495,000$104MLSPIN
05/13/2025Active$495,000$141MLSPIN
05/09/2025New$495,000$141MLSPIN

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Seller's Representative: Tim Thompson, Timothy Thompson
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 2
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-08-18 03:05:00

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