278-280 Page Blvd Springfield, MA 01104
MULTI_FAMILY - Springfield, MA
Property Features for 278-280 Page Blvd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 1
- Parking
- 4
- Standard status
- Active
- APN
- S:09440 P:0046,2599474
- Size
- 2,106 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4475
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 2
Listing agent Laura Stevens (413) 565-5478
Listing office Keller Williams Realty 66 Dwight Road, Longmeadow, MA (413) 565-5478
Listing date Jun 11, 2026
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Investment Insights
Based on property information with market context.
Located in Springfield, Massachusetts, the home is described as just one traffic light from Highway 291, supporting convenient commuting. The listing also notes a central setting with nearby shopping, restaurants, churches, and everyday amenities.
The units are fully rented, and one tenant has been in place for over 25 years, according to the remarks. The property is offered as a residential income option under R2 zoning. No showings are available until the scheduled open house on Sunday, June 14, 2026, from 12:00 PM to 1:30 PM.
Key Highlights
- Two‑family home built in 1925 with two 2‑bedroom units (6 total bedrooms listed).
- Each unit features hardwood floors, a bright living room, gas heat, and a sun‑filled dining room.
- Fully rented property, including a tenant in place for over 25 years (as stated).
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.1k | $25.20 |
| − Vacancy | −$2.7k | −$1.26 |
| EGI | $50.4k | $23.94 |
| − OpEx | −$22.7k | −$10.77 |
| NOI | $27.7k | $13.17 |
