Two-Unit Residential Income
278-280 Page Blvd Springfield, MA 01104
For Sale
$319,900
MULTI_FAMILY - Springfield, MA
Property Size2,106 SF
Lot Size0.11 Acres
Price / SF$151.90
Days on Market47
Property Features for 278-280 Page Blvd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 1
- 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
Listing Agency:
Keller Williams Realty
(413) 565-5478
Listed By:
Laura Stevens
(413) 565-5478
Added: Jun 11
Changed: Jun 21
Last Checked: Jul 27 at 1:06AM
MLS# 73534837
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.
Investment Insights
Based on property information with market context.
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.
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.
Key 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).
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
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
NOI $40,031 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
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).
