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    298 Oakland St Springfield, MA 01108

    For Sale
    $499,000

    Four units with separate utilities and income potential.

    Lot size:
    0.11 Acres

    Property Features for 298 Oakland St

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1900

    Source: Lock and Key Realty Inc. Agent Jessica Mekal

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

    Overview

    Cash-Flowing Four-Family Property

    This is a four-family property featuring spacious 2-bed/1-bath layouts in all four units. The property is equipped with an alarm system, newer furnaces, newer electrical, dedicated off-street parking, and coin-operated laundry to boost revenue. Each of the four units has lead certificates. Separate utilities are in place, with tenants responsible for covering these costs. The property is suitable for first-time homebuyers needing a vacant, rent-ready unit or long-term investors focused on steady income. It offers reliable cash flow, low operating expenses, and clear rent-growth potential, delivering both immediate return and long-term upside.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -72.5629399
    Latitude
    42.0931307

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    FAQs

    What type of property is this?
    Quadplex - Four units with separate utilities and income potential.
    Where is this quadplex located?
    The property is located at 298 Oakland St Springfield, MA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Cash-flowing 4-family property with immediate return and long-term upside.; - Vacant, rent-ready unit available, ideal for first-time homebuyers.; - All units are spacious 2-bed/1-bath layouts.
    (413) 519-1423
    Request Owner's contact information
    298 Oakland St 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
    298 Oakland St Springfield, MA 01108
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