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6-Unit Apartment Building

228-232 Eastern Ave, Springfield, MA 01109

For Sale
$699,000
Pending

A corner-lot residential property offers renovated interiors alongside a mix of leased and vacant apartments.

Property Size7,188 SF
Days on Market54

Property Features for 228-232 Eastern Ave

General Information

Standard status Pending
Size 7,188 SF
Total Parking Spaces 2
Property subtype 5-9 Family

Site & Location

Neighborhood Old Hill

Units

Unit Mix 6 x 2BR
Multifamily Units 6

Additional Details

Tenant in Place Yes

Amenities

fire monitoring
intercom system

Building Details

Year Built 1912
Stories 3
Tenancy Multi
Listing Agency: MP Signature Realty LLC
Listed By: Kevin Li
Source: Ninasoto
Added: Sep 21 Changed: Nov 13 Last Checked: Nov 13 at 5:53PM

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 MP Signature Realty LLC

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Investment Insights

Based on property information with market context.

At 228-232 Eastern Ave in Springfield, this 7,188-square-foot apartment building dates to 1912 and contains six two-bedroom units on three floors. Five apartments are leased; the first-floor unit is vacant. Most units have received kitchen, bathroom, flooring, and finish updates. A rebuilt rear porch and replacement electric meters are among the recent improvements.

The property occupies a corner lot and has a paved driveway with off-street parking for two vehicles. Tenants pay electric and gas costs, while the owner covers water and sewer. Lead compliance certificates are available, and the building has fire monitoring and an intercom system.

Key Highlights

  • Six two‑bedroom apartments arranged across three floors
  • Five units leased; vacant apartment is on the first floor
  • 7,188 SF building constructed in 1912

Property Analytics

Lease Details

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

875
Businesses Nearby

Demographics for 01109, MA

30,968
Population
10,786
Households
2.9
Avg Household Size
30
Median Age
17%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
5,735
Density / Sq Mi
$46,821
Median Household Income
$34,971
Median Earnings
$1,112
Median Rent
$203,100
Median Home Value

Market

Average Price Trend$/SF for Apartment buildings in Hampden County, MA

$186 Jul
$187 Aug
$132 Sep
$142 Oct

Properties on Market for Apartment buildings in Hampden County

Jul
Aug
Sep
Oct

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?
Apartment building - A corner-lot residential property offers renovated interiors alongside a mix of leased and vacant apartments.
Where is this apartment building located?
The property is located at 228-232 Eastern Ave Springfield, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Six two‑bedroom apartments arranged across three floors; Five units leased; vacant apartment is on the first floor; 7,188 SF building constructed in 1912
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