55-59 Margaret St, Springfield, MA 01105
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$579,900
4 Unit
11 Beds
4 Baths
4500 SQFT
0.09 Acre

Property Description

Great investment opportunity! This well-maintained 4-unit building offers 11 bedrooms and strong income potential. There will be one vacant unit at closing! The other units have reliable tenants, so it provides immediate cash flow. Each unit has separate utilities, helping keep owner expenses low. With stable occupancy, solid rental history, and potential for future rent growth, this is an excellent opportunity to secure a high-performing, income-producing asset. Well cared for and consistently maintained, this property presents a turnkey opportunity for both seasoned investors and those looking to grow their portfolio. There is also potential to expand the attic, offering added value and additional possibilities. Conveniently located near local amenities, shopping, dining, and transportation, making it highly attractive for renters.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 11
  • Total Full Baths: 4
  • Amenities: Bike Path, Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court, University, Walk/Jog Trails
  • Basement Features: Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans, Lead Certification Available, Pantry, Tile Floor
  • Common Appliances: Range, Refrigerator
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: No
  • Gross Operating Income: 76200
  • Net Operating Income: 76200

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: for Electric Range, for Gas 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: 1

Unit 3 Description

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

Unit 4 Description

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

Construction

  • Year Built: 1923
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Tile, Vinyl, Wood
  • Lead Paint: Certified Treated, Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73514166
  • Last Updated: 06/01/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/29/2026Active$579,900$129MLSPIN
05/25/2026Price Change$579,900$129MLSPIN
05/10/2026Active$599,999$133MLSPIN
05/06/2026New$599,999$133MLSPIN
01/08/2025Sold$443,877$99MLSPIN
01/04/2025Active$448,000$100MLSPIN
12/31/2024Back on Market$448,000$100MLSPIN
10/28/2024Under Agreement$448,000$100MLSPIN
10/19/2024Active$448,000$100MLSPIN
10/15/2024New$448,000$100MLSPIN

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Seller's Representative: Ashley Jones, Coldwell Banker Realty - Western MA
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 2026-06-01 12:21:00

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