580 Plainfield St, Springfield, MA 01107
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$599,000
4 Unit
12 Beds
4 Baths
6696 SQFT
0.14 Acre

Property Description

Turn-key 4-family investment opportunity featuring four oversized 3-bedroom, 1-bath units, each nearly 1,700 sq ft and including a living room, kitchen, and enclosed porch. Some of the recent updates include new flooring, new kitchens, updated bathrooms, and fresh paint. Two units are currently rented to tenants in good standing, and the other two have been freshly renovated and are rent-ready for market-rate tenants. The property generated over $61,000 in gross rental income last year with all four units occupied, and offers strong potential for increased returns. All units have lead certificates, and utilities are separately metered, with tenants paying all except water. The property is professionally managed and includes a paved driveway with off-street parking for two vehicles. A spacious, well-maintained asset offering immediate cash flow and long-term upside. Open House: Sunday, April 13th from 12:00–1:00 PM

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 6
  • Total Bedrooms: 12
  • Total Full Baths: 4
  • Amenities: Highway Access, Medical Facility, Park, Public School, Public Transportation, Shopping
  • Basement Features: Full
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub, Lead Certification Available, Tile Floor, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Freezer, Range, Refrigerator
  • Common Heating: Central Heat, Extra Flue, Gas, Heat Pump, Hot Water Radiators, Steam

Financial

  • APOD Available: Yes
  • Gross Operating Income: 72312
  • Net Operating Income: 72312

Utilities

  • Electric Info: 110 Volts, On-Site
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1925
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Vinyl, Wood
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73355699
  • Last Updated: 04/11/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/11/2025Active$599,000$89MLSPIN
04/07/2025New$599,000$89MLSPIN

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Seller's Representative: Kevin Li, MP Signature Realty LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-04-11 03:05:00