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Updated Eight-Unit Brick Building

242 Fort Pleasant Avenue Springfield, MA 01108

242 Fort Pleasant Avenue, Springfield, MA, 01108
$1,150,000
For Sale
$1,150,000

Professionally managed eight-unit brick multifamily property extensively updated in 2023 with major electrical, plumbing, and heating replacements.

Property Size12,540 SF
Price / SF$91.71
Days on Market76

Property Features for 242 Fort Pleasant Avenue

General Information

Standard status
Active
Size
12,540 SF
Property subtype
Multi-family

Building Details

Year Built
1906
Listing agency Lock and Key Realty Inc.
Listed by Kathryn Daviau · License #9540655
Source Eganrealtygroup
Added: May 8 Updated: Jul 21 at 5:18PM Checked: Jul 22 at 7:01AM

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.

242 Fort Pleasant Avenue is a professionally managed eight-unit brick multifamily building. The property underwent extensive updates in 2023, including complete re-wiring with circuit panels brought into individual units, full replacement of the exterior meter box, and installation of nine new hot water tanks. All pipes and drainage throughout the building were also fully replaced.

Six of the eight units were reconfigured from one-bedroom to two-bedroom layouts. The updated interiors include hardwood floors, luxury vinyl plank flooring, renovated kitchens, and modernized bathrooms. Units also feature walk-in pantries and walk-in closets, adding dedicated storage space.

This is a turn-key, low-maintenance income property with substantial capital improvements completed in recent years.

Key Highlights

  • Professionally managed eight‑unit brick multifamily built in 1906
  • Extensive 2023 updates including complete re‑wiring and circuit panels brought into individual units
  • 2023 capital improvements include full pipe replacement, including new drainage throughout

Property Analytics

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Gym & Fitness Center (Bike/Boat/Book/etc) Store Parking Lot & Garage (Bike/Boat/Book/etc) Store Acupuncture Cafe & Coffee Shop HVAC Service Furniture & Home Goods Pet Grooming Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Professionally managed eight-unit brick multifamily property extensively updated in 2023 with major electrical, plumbing, and heating replacements.
Where is this apartment building located?
The property is located at 242 Fort Pleasant Avenue Springfield, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Professionally managed eight‑unit brick multifamily built in 1906; Extensive 2023 updates including complete re‑wiring and circuit panels brought into individual units; 2023 capital improvements include full pipe replacement, including new drainage throughout
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