69 Winter St, Springfield, MA 01105
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$495,000
2 Unit
8 Beds
2 Baths
3520 SQFT
0.15 Acre

Property Description

This downtown Springfield investment property offers a $5,300 rent roll. The property consists of a joisted masonry building containing one 3BR apartment, one 5BR apartment, and nine individual garage bays. 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 $53,000 and the cap rate is 10.7%. Located across the street from 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

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 8
  • Total Full Baths: 2
  • Amenities: Highway Access, Medical Facility, Park, Public School, Public Transportation
  • Basement Features: Concrete Floor, Full, Garage Access, Unfinished Basement
  • Common Rooms: Kitchen, Living Room, Sunroom
  • Common Appliances: Range, Refrigerator
  • Common Heating: Central Heat, Electric, Extra Flue, Forced Air, Gas, Heat Pump, Hot Water Radiators, Space Heater, Steam

Financial

  • APOD Available: No
  • Expenses Source: Estimated
  • Gross Operating Income: 63600
  • Gross Expenses: 10641
  • Electric Expenses: 500
  • Water/Sewer: 2000
  • INSC: 2000
  • Repairs & Maintenance: 1000
  • Miscellaneous Expense: 500
  • Net Operating Income: 52959

Utilities

  • Heat Zones: 2
  • Electric Info: Circuit Breakers, Individually Metered, Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Oven, for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

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

Construction

  • Year Built: 1920
  • Construction Type: Brick
  • Foundation Info: Brick
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Laminate, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73372437
  • Last Updated: 05/13/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
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: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-05-13 03:05:00

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