Multifamily Building Investment
For Sale
$1,350,000
Pending
228 Belmont Ave, Springfield, MA 01108
Expansive multifamily building with strong rental income in prime location.
Property Size13,410 SF
Lot Size0.28 Acres
Days on Market165
Property Features for 228 Belmont Ave
General Information
Standard status
Pending
Size
13,410 SF
Lot size
0.28 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$11,004
Building Details
Building Size
13,410 SF
Year Built
1915
Stories
5
Units
8
Listing Agency:
Lock and Key Realty Inc.
(413) 271-7511
Listed By:
Patriot Living Group · License #9559058
(413) 271-7511
Source:
Elliman
Added: Mar 10
Changed: Aug 9
Last Checked: Aug 20 at 11:29AM
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 Lock and Key Realty Inc.
Investment Insights
Based on property information with market context.
This multifamily apartment building presents a prime investment opportunity, offering strong rental income and tenant appeal in an unbeatable location. The well-maintained property features a diverse mix of spacious units designed to attract long-term occupants and maximize year-over-year returns. Residents enjoy generously sized living spaces with functional layouts, abundant natural light, and modernized kitchens and baths. Mechanical systems have been updated for efficiency and long-term durability, including newer heating, plumbing, and electrical improvements that support low-maintenance ownership. The exterior boasts professional management, secured entry, and dedicated off-street parking, with convenient enhancements such as coin-op laundry and private patios. Zoned for multifamily use, the property presents a scalable investment primed with recent major updates. It is located in Springfield, MA.
Key Highlights
- Strong rental income and excellent tenant appeal for immediate returns.
- Updated mechanical systems (heating, plumbing, electrical) for low‑maintenance ownership.
- Spacious units with functional layouts, natural light, and modernized kitchens/baths.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 01108, MA
27,671
Population
11,332
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
81%
High-School Grad
3.4 sq mi
ZIP Area
8,139
Density / Sq Mi
$51,851
Median Household Income
$34,539
Median Earnings
$1,224
Median Rent
$219,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Expansive multifamily building with strong rental income in prime location.
Where is this apartment building located?
The property is located at 228 Belmont Ave Springfield, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Strong rental income and excellent tenant appeal for immediate returns.; Updated mechanical systems (heating, plumbing, electrical) for low‑maintenance ownership.; Spacious units with functional layouts, natural light, and modernized kitchens/baths.
