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    79 Oak St Springfield, MA 01109

    For Sale
    $430,000

    Four-unit multifamily property with upside potential in Hill McKnight.

    Lot size:
    0.17 Acres

    Property Features for 79 Oak St

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1905

    Source: Real Broker MA, LLC Agent Arpan Tiwari

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hill McKnight Four-Unit Multifamily Property

    Located in Hill McKnight, this four-unit multifamily property presents a potential investment opportunity. The property includes two parcels, totaling 7,623 square feet, situated on a corner lot. The layout comprises three one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit, each featuring private entrances and full kitchens. Currently, three units are occupied and generating income, while one unit is vacant and ready for immediate occupancy or rental. The existing leases are month-to-month, allowing for potential rent adjustments. Water is included in the rent, and tenants are responsible for electricity, which may contribute to lower maintenance costs. The property is intended for use as a residential income property.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5734999
    Latitude
    42.1069827

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    FAQs

    What type of property is this?
    Quadplex - Four-unit multifamily property with upside potential in Hill McKnight.
    Where is this quadplex located?
    The property is located at 79 Oak St Springfield, MA.
    What is the asking price?
    The asking price for this property is $430,000.
    What are key features of this property?
    This property features: - Four Units: Three cash-flowing 1BR/1BA units plus one vacant 2BR/1BA unit.; - High Potential: Corner lot with two parcels totaling 7,623 SF and month-to-month leases allows for immediate rent increases.; - Vacant Unit: Opportunity to move in or rent out the vacant 2BR/1BA unit immediately.
    (413) 777-2951
    Request Owner's contact information
    79 Oak St Springfield, MA 01109
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    Springfield, MA 01109
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    79 Oak St Springfield, MA 01109
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