For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Two-Unit Residential Income Property Title is generated by Realmo AI

    278-280 Page Blvd, Springfield, MA 01104

    View on Map
    Claim this Listing
    New
    For Sale
    $319,900

    MULTI_FAMILY - Springfield, MA

    Property size:
    2,106 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $151/SF
    Added:
    Jun 11, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 11 at 10:06 pm

    Property Features for 278-280 Page Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R2
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 6
    Parking
    4
    Standard status
    Active
    APN
    S:09440 P:0046,2599474
    Size
    2,106 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4475

    Building Details

    Year built
    1925
    Floors in Building
    2
    Number of units
    2

    We can help!

    Listing Contact
    Laura Stevens

    Listing agent Laura Stevens

    Listing office Keller Williams Realty 66 Dwight Road, Longmeadow, MA

    Listing date Jun 11, 2026

    MLS# 73534837 Listing URL

    Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two‑family home built in 1925 with two 2‑bedroom units (6 total bedrooms listed).
    • Each unit features hardwood floors, a bright living room, gas heat, and a sun‑filled dining room.
    • Fully rented property, including a tenant in place for over 25 years (as stated).
    • Two‑car garage plus additional off‑street parking.
    • Located one traffic light from Highway 291 for convenient commuting.
    • Open house scheduled for Sunday, June 14, 2026 from 12:00pm to 1:30pm; no showings prior (per remarks).

    Overview

    This well-maintained two-family home provides two separate 2-bedroom units. Each unit features hardwood floors, a bright living room, gas heat, and a sun-filled dining room. The property includes a two-car garage along with additional off-street parking.

    Located in Springfield, Massachusetts, the home is described as just one traffic light from Highway 291, supporting convenient commuting. The listing also notes a central setting with nearby shopping, restaurants, churches, and everyday amenities.

    The units are fully rented, and one tenant has been in place for over 25 years, according to the remarks. The property is offered as a residential income option under R2 zoning. No showings are available until the scheduled open house on Sunday, June 14, 2026, from 12:00 PM to 1:30 PM.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $53.1k $25.20
    − Vacancy −$2.7k −$1.26
    EGI $50.4k $23.94
    − OpEx −$22.7k −$10.77
    NOI $27.7k $13.17
    2,106 SF · lease $25.20/SF/yr · vacancy 5.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $396.1K
    $346.6K – $462.2K (±1% cap)
    NOI $27,730 @ 7.0% cap · market cap 8.67%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $571.9K
    $500.4K – $667.2K (±1% cap)
    NOI $40,031 @ 7.0% cap · market cap 12.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.561693
    Latitude
    42.133273

    FAQs

    What type of property is this?
    Multifamily property - Well-maintained two-family home with two 2-bedroom units, gas heat, hardwood floors, and off-street parking.
    Where is this multifamily property located?
    The property is located at 278-280 Page Blvd Springfield, MA.
    What is the asking price?
    The asking price for this property is $319,900.
    What are key features of this property?
    This property features: Two‑family home built in 1925 with two 2‑bedroom units (6 total bedrooms listed).; Each unit features hardwood floors, a bright living room, gas heat, and a sun‑filled dining room.; Fully rented property, including a tenant in place for over 25 years (as stated).
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message