298 Oakland St, Springfield, MA 01108
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$499,000
4 Unit
8 Beds
4 Baths
3924 SQFT
0.11 Acre

Property Description

Cash-flowing 4-family! A great fit for first-time homebuyers needing a vacant, rent-ready unit or long-term investors focused on steady income. With reliable cash flow, low operating expenses, and clear rent-growth potential, it delivers both immediate return and long-term upside. All four units are spacious 2-bed/1-bath layouts with separate utilities that are the tenants’ responsibility. All four units come with lead certificates, and the property is equipped with an alarm system, newer furnaces, newer electrical, dedicated off-street parking, and coin-operated laundry to boost revenue. A strong, stable building in a central location—ready for its next owner to step in and capitalize!

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 8
  • Total Full Baths: 4
  • Amenities: Public Transportation
  • Basement Features: Concrete Floor

Financial

  • APOD Available: No
  • Gross Operating Income: 47400
  • Net Operating Income: 47400

Utilities

  • Heat Zones: 4
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 4 Family - 4 Units Up/Down
  • Foundation Info: Concrete Block
  • Lead Paint: None
  • Warranty: No

Other Information

  • MLS ID# 73456525
  • Last Updated: 11/23/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/23/2025Active$499,000$127MLSPIN
11/19/2025New$499,000$127MLSPIN

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Seller's Representative: The Madison Team, Lock and Key Realty Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-11-23 04:05:00

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