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    56 Montmorenci St Springfield, MA 01107

    For Sale
    $298,500

    Income-generating property ideal for first-time buyers or investors.

    Lot size:
    0.07 Acres

    Property Features for 56 Montmorenci St

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    1902

    Source: Realty ONE Group Nest Agent Raul Ortega

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

    Overview

    Residential Income Property Opportunity

    This property offers an opportunity for first-time buyers to generate rental income, potentially reducing mortgage payments. Investors may find value in acquiring this property as part of a package deal with 60 Montmorenci Street and 195-197 Massasoit Avenue, which are listed separately. The seller is motivated to negotiate.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon 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
    -72.6009547
    Latitude
    42.1184543

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    FAQs

    What type of property is this?
    Triplex - Income-generating property ideal for first-time buyers or investors.
    Where is this triplex located?
    The property is located at 56 Montmorenci St Springfield, MA.
    What is the asking price?
    The asking price for this property is $298,500.
    What are key features of this property?
    This property features: - Opportunity for rental income to offset mortgage payments.; - Part of a potential package deal with 60 Montmorenci Street and 195-197 Massasoit Avenue.; - Motivated seller indicates potential for negotiation.
    (978) 375-4351
    Request Owner's contact information
    56 Montmorenci St Springfield, MA 01107
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    Springfield, MA 01107
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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
    56 Montmorenci St Springfield, MA 01107
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