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Updated Triplex

48 Rutledge Ave, Springfield, MA 01105

For Sale
New
$450,000

Recent work includes improvements to the roof, windows, and kitchens across this three-unit property.

Property Size3,350 SF
Days on Market1

Property Features for 48 Rutledge Ave

General Information

Standard status Active
Size 3,350 SF
Property subtype Investment

Site & Location

Neighborhood South End
Highway Access Yes

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $4,999

Building Details

Building Size 3,350 SF
Year Built 1897
Stories 3
Units 3
Listing Agency: Lock and Key Realty Inc.
Listed By: Stacey Silvia · License MA #9559058
Source: Elliman
Added: Nov 10 Last Checked: Nov 10 at 2:35PM

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.

Rey
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Investment Insights

Based on property information with market context.

This 1897-built triplex contains three vacant units. Improvements include work to the roof, windows, and kitchens. A basement provides storage and utility space, while the private backyard offers outdoor area for varied use.

The property is near Interstate 91. Its listed scores are 81 for walkability, 58 for transit, and 39 for biking.

Key Highlights

  • All three units are vacant
  • Roof, window, and kitchen improvements
  • Basement offers storage and utility space

Property Analytics

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Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,972
Businesses Nearby

Demographics for 01105, MA

12,051
Population
5,554
Households
2.2
Avg Household Size
33
Median Age
8%
College-Educated
64%
High-School Grad
1.2 sq mi
ZIP Area
10,043
Density / Sq Mi
$22,994
Median Household Income
$24,078
Median Earnings
$976
Median Rent
$238,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Triplexes in Springfield, MA

$120 Jul
$130 Aug
$132 Sep
$132 Oct

Properties on Market for Triplexes in Springfield

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Recent work includes improvements to the roof, windows, and kitchens across this three-unit property.
Where is this triplex located?
The property is located at 48 Rutledge Ave Springfield, MA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: All three units are vacant; Roof, window, and kitchen improvements; Basement offers storage and utility space
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