137-139 Commonwealth Ave Springfield, MA 01108
- Commercial real estate
- 3,114 SF
- 0.14 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 137-139 Commonwealth Ave
- Year built
- 1916
- Lot size
- 0.14 lot acres
- Property size
- 3,114 SF
- Property type
- Commercial real estate
- APN
- S:03095 P:0142,2579402
Description
Exceptional investment opportunity in Springfield, MA! This three-story, 3,114 sq ft apartment building, built in 1916, sits on a 0.14-acre lot (6,116 sq ft) and is zoned R2. The property features nine bedrooms and three bathrooms, offering significant rental potential. Currently, the first floor is occupied by a tenant (with a 30-day eviction notice), while the second floor and attic generate a consistent monthly income of $1,600, with tenants responsible for their own utilities. Owner expenses are low, with a monthly water bill of only $150. This property presents a strong cash flow opportunity for investors seeking a multifamily property in a desirable location. The property is being sold As-Is. The address is 137-139 Commonwealth Ave, Springfield, MA 01108. APN: S:03095 P:0142,2579402.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.5526077
- Latitude
- 42.0829009