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3-Unit Triplex with Vacant Unit
New
For Sale
$325,000

24-26 Grove St, Springfield, MA 01107

The vacant second-floor residence can support owner occupancy or rental use.

Property Size2,909 SF
Price / SF$111.72
Days on Market5

Property Features for 24-26 Grove St

General Information

Standard status Active
Size 2,909 SF
Property subtype Multi Family

Site & Location

Highway Access Yes
Public Transit Yes

Building Details

Year Built 1896
Stories 3
Listing Agency: Coldwell Banker Realty - Western MA
Listed By: Julissa Subervi De Weber
Source: Lockandkeyre
Added: Oct 1 Changed: Oct 4 Last Checked: Oct 4 at 2:00PM

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 Coldwell Banker Realty - Western MA

Investment Insights

Based on property information with market context.

This three-unit residential property contains 2,909 square feet of living area, with eight bedrooms and three full bathrooms. The first and second floors each have three bedrooms and one bathroom; the third floor has two bedrooms and one bathroom. Built in 1896, the property is being sold as-is.

The second-floor unit is vacant. The property is near hospitals, major highways, shopping, dining, and public transportation.

Key Highlights

  • Three‑unit property with 2,909 square feet of living area
  • Eight bedrooms and three full bathrooms across the property
  • First- and second‑floor layouts each include 3 bedrooms and 1 full bathroom

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Hair Salon Computer & Electronic Repair Spa & Massage Center Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,877
Businesses Nearby

Demographics for 01107, MA

11,252
Population
4,534
Households
2.5
Avg Household Size
32
Median Age
14%
College-Educated
65%
High-School Grad
1.5 sq mi
ZIP Area
7,501
Density / Sq Mi
$31,969
Median Household Income
$31,543
Median Earnings
$963
Median Rent
$215,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - The vacant second-floor residence can support owner occupancy or rental use.
Where is this triplex located?
The property is located at 24-26 Grove St Springfield, MA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Three‑unit property with 2,909 square feet of living area; Eight bedrooms and three full bathrooms across the property; First- and second‑floor layouts each include 3 bedrooms and 1 full bathroom
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