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    Property profile & analytics

    137-139 Commonwealth Ave Springfield, MA 01108

    • Commercial real estate
    • 3,114 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-2338803
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    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

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5526077
    Latitude
    42.0829009

    Comparable in this City

    • $1,195,000

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    • $439,900

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      22-unit multifamily property in historic Forest Park, Springfield.
      41-49 Belmont Ave, Springfield, MA 01108
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      Six-Unit Multifamily Investment Property

      Six-unit property with potential for increased rental income.
      427 Orange St, Springfield, MA 01108
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    • $489,987

      Renovated Multifamily Property with Income Potential

      Renovated multi-family property featuring two units, seven bedrooms, and three bathrooms.
      32-34 Somerset St, Springfield, MA 01108
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    Similar Nearby for Sale

    • $1,195,000

      Springfield Multifamily Investment Opportunity

      14-unit property with historic charm and modern updates.
      128 Mill St, Springfield, MA 01108
      View Details
    • $439,900

      Renovated Multi-Family Home

      Newly renovated multi-family home with flexible living options.
      72 Hall St, Springfield, MA 01108
      View Details
    • $750,000

      Six-Unit Multifamily Investment Opportunity

      Well-maintained six-unit multifamily property with strong rental potential.
      106 Malden St, Springfield, MA 01108
      View Details
    • $2,199,000

      22-Unit Multifamily Investment Opportunity

      22-unit multifamily property in historic Forest Park, Springfield.
      41-49 Belmont Ave, Springfield, MA 01108
      View Details
    • $639,000

      Six-Unit Multifamily Investment Property

      Six-unit property with potential for increased rental income.
      427 Orange St, Springfield, MA 01108
      View Details
    • $489,987

      Renovated Multifamily Property with Income Potential

      Renovated multi-family property featuring two units, seven bedrooms, and three bathrooms.
      32-34 Somerset St, Springfield, MA 01108
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo

      Spacious Three-Bedroom Apartment

      First-floor apartment with updated kitchen and in-unit laundry.
      641 White St, Springfield, MA 01108
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    • $15 SF/Yr
      9,000 SF

      Springfield Office Space For Lease

      Office space for lease with large open floor plan.
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    • $800 /Mo
      1,569 SF

      Medical/Professional Office Space Available

      Medical or professional office space for rent with utilities included.
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    • $2,000 /Mo
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      Retail Space in Springfield

      Retail space available for rent in Springfield, Massachusetts.
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    • $14 SF/Yr
      250 SF

      Office Space For Rent

      Office space available for lease in Springfield, MA.
      83-95 Mill St, Springfield, MA 01108
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    • $2,000 /Mo

      Retail/Commercial Space For Lease

      Versatile commercial space in a well-established, accessible neighborhood.
      878 Sumner Ave, Springfield, MA 01108
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    137-139 Commonwealth Ave
    Springfield, MA 01108
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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