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Two-Family Property Investment Opportunity
For Sale
$284,900
Pending

1045-1047 Worcester St, Springfield, MA 01151

Two-unit property near amenities, ideal for investors.

Property Size2,720 SF
Days on Market186

Property Features for 1045-1047 Worcester St

General Information

Standard status Pending
Size 2,720 SF
Property subtype Investment

Site & Location

Neighborhood Indian Orchard

Taxes and HOA fees

Annual Taxes $3,381

Building Details

Building Size 2,720 SF
Year Built 1880
Stories 2
Units 2
Listed By: Scott Steele
Source: Elliman
Added: Apr 24 Changed: Oct 25 Last Checked: Oct 24 at 5:06PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Scott Steele

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Investment Insights

Based on property information with market context.

This two-family property presents an investment opportunity with two spacious units, each featuring 2 bedrooms and 1 full bathroom. Situated on a large lot with off-street parking, the property is centrally located near shopping, dining, public transportation, and other local amenities. The layout and unit configuration offer potential for long-term rental income or value-add improvements. The property requires TLC and may not qualify for all types of financing due to its current condition, making it best suited for cash buyers or renovation loans. It is being sold in as-is, as-seen condition.

Key Highlights

  • Two‑family property featuring two spacious units, each with 2 bedrooms and 1 full bathroom.
  • Large lot with off‑street parking.
  • Centrally located near shopping, dining, public transportation, and other local amenities.

Property Analytics

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Open Analytics

Location Intelligence

Trade Area within ½ mile

394
Businesses Nearby

Demographics for 01151, MA

9,150
Population
3,959
Households
2.3
Avg Household Size
34
Median Age
17%
College-Educated
77%
High-School Grad
2.4 sq mi
ZIP Area
3,813
Density / Sq Mi
$57,113
Median Household Income
$39,117
Median Earnings
$1,239
Median Rent
$219,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two-unit property near amenities, ideal for investors.
Where is this duplex located?
The property is located at 1045-1047 Worcester St Springfield, MA.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: Two‑family property featuring **two spacious units, each with 2 bedrooms and 1 full bathroom**.; Large lot with off‑street parking.; Centrally located near shopping, dining, public transportation, and other local amenities.
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