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    877 Belmont Ave Springfield, MA 01108

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    For Sale
    $489,900

    Completely renovated two-family property with immediate rental income potential.

    Lot size:
    0.12 Acres

    Property Features for 877 Belmont Ave

    General Information

    Lot size
    0.12 Acres

    Building Details

    Year built
    1910

    Source: Benton Real Estate Company Agent Jennifer Bradley

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

    Overview

    Renovated Two-Family in Central Location

    This is a fully renovated two-family property in a central location. Both units have been updated inside and out, featuring modern kitchens, new baths, flooring, and mechanicals. The second-floor unit will be delivered vacant and offers a spacious layout with extra finished rooms on the third floor, suitable for an office or guest space. The first-floor unit is fully renovated and occupied by reliable long-term tenants, providing immediate rental income. The property is located near shopping, dining, schools, public transportation, and major routes. This low-maintenance, turnkey property is suitable for owner-occupants or investors.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    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
    -72.5459613
    Latitude
    42.0842475

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    FAQs

    What type of property is this?
    Duplex - Completely renovated two-family property with immediate rental income potential.
    Where is this duplex located?
    The property is located at 877 Belmont Ave Springfield, MA.
    What is the asking price?
    The asking price for this property is $489,900.
    What are key features of this property?
    This property features: - Fully renovated two-family property, inside and out.; - **Second-floor unit delivered vacant with finished third-floor rooms.**; - First-floor unit occupied by reliable long-term tenants providing immediate rental income.
    (413) 426-6510
    Request Owner's contact information
    877 Belmont Ave Springfield, MA 01108
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    Springfield, MA 01108
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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
    877 Belmont Ave Springfield, MA 01108
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