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    Springfield, MA
    Residential Income

    Springfield, MA Residential Income Properties for Sale

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    104 properties
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    Twelve-Bedroom Apartment Building
    Updated: Jul 29
    Twelve-Bedroom Apartment Building

    109 Grover St, Springfield, MA 01104

    $744,000
    4,953 sqft 0.11 AC lot
    4,953 sq ft living area on a 4,953 sq ft lot
    12 bedrooms
    Six full bathrooms
    Built in 1909
    WalkScore 76, very walkable
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    This listing looks promising.

    Here's a quick look at some key insights for

    109 Grover St, Springfield, MA 01104

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    • Est. Cap Rate

      8.8%
      Above avg (5.9%)

    • Est. NOI

      $65K
      Annual

    • Price @ 7% Cap

      $932K
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1909
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    Two-Family Duplex with Screened Porches
    Updated: Jul 12
    Two-Family Duplex with Screened Porches

    127-129 Thompson St., Springfield, MA 01109

    $399,999
    4,426 sqft 0.15 AC lot
    Two‑family duplex with brick firewall separation
    Built in 1897 with hardwood floors, exposed brick, and fireplace
    Multiple screened porches plus third‑floor finished space
    Updated electrical service, 2008 roof, and newer boiler
    0.147‑acre lot with expansive backyard and detached two‑car garage
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    Updated Two-Family Duplex
    Updated Two-Family Duplex

    37-39 Upland St, Springfield, MA 01104

    $399,900
    2,174 sqft 0.12 AC lot

    Two residential units with renovated interiors, private outdoor features, and a detached two-car garage with storage.

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    Duplex with Two Occupied Units
    Duplex with Two Occupied Units

    162 Northampton Ave, Springfield, MA 01109

    $375,000
    2,465 sqft 0.12 AC lot

    Duplex with two occupied units zoned R2 in Springfield, MA.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Mixed-Use Income Property
    Mixed-Use Income Property

    683-687 State St, Springfield, MA 01109

    $1,675,000
    11,250 sqft

    Mixed-use building with 15 residential apartments and 2 commercial spaces, including vacancies and recently updated units.

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    Two-Unit Duplex with Two Bedrooms
    Two-Unit Duplex with Two Bedrooms

    278-280 Page Blvd, Springfield, MA 01104

    $319,900
    2,106 sqft 0.11 AC lot

    R2 zoned duplex with two two-bedroom units, hardwood floors, and gas heat, plus a two-car garage and off-street parking.

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    Renovated Legal 2-Family Duplex
    Renovated Legal 2-Family Duplex

    282 White St, Springfield, MA 01108

    $535,000
    3,560 sqft 0.13 AC lot

    Renovated legal 2-family duplex with a finished third-floor addition and shared driveway access to a detached two-car garage.

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    Vacant Duplex with Enclosed Porches
    Vacant Duplex with Enclosed Porches

    239-241 Oak Grove Ave, Springfield, MA 01109

    $449,000
    3,506 sqft 0.16 AC lot

    Vacant two-family property with updated flooring, fenced outdoor space, and off-street parking near shopping and commuter routes.

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    Two-Unit Duplex With Detached Garage
    Two-Unit Duplex With Detached Garage

    77-79 Firglade Avenue, Springfield, MA 01108

    $499,900
    4,723 sqft

    Vacant duplex with separate gas and electric metering, front porches, a paved drive, and full-basement storage.

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    Three-Family Residential Building
    Three-Family Residential Building

    116-118 Massasoit St, Springfield, MA 01107

    $480,000
    4,142 sqft 0.11 AC lot

    Legal three-family property in R2 zoning with separate utilities and three gas hot water tanks.

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    Duplex with Remodeled Walk-In Shower
    Duplex with Remodeled Walk-In Shower

    17-19 Howes St, Springfield, MA 01118

    $399,900
    2,612 sqft 0.11 AC lot

    Duplex on R1 zoning offers a newly remodeled second-floor 3-bedroom unit with walk-in shower, plus basement storage and carport.

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    Side-by-Side Duplex
    Side-by-Side Duplex

    47-49 Farragut St, Springfield, MA 01104

    $285,000
    1,248 sqft 0.20 AC lot

    Tenant-occupied side-by-side duplex zoned R2, built 1942, offering one-bedroom, one-bath units.

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    Updated Triplex with New Roof
    Updated Triplex with New Roof

    42 Hall St, Springfield, MA 01108

    $425,000
    3,432 sqft 0.11 AC lot

    Zoned R2 triplex with separate utilities, forced-air gas heat on lower floors, and electric heat on the third floor.

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    Two-Family Residential Income Property
    Two-Family Residential Income Property

    127-129 Thompson St., Springfield, MA 01109

    $399,999
    4,426 sqft

    Two independently separated residences with updated systems, a third-floor finished area, screened porches, and a detached two-car garage.

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    Duplex with Attached Garage
    Duplex with Attached Garage

    19-21 Wedgewood Cir, Springfield, MA 01129

    $399,000
    2,488 sqft 0.20 AC lot

    R2-zoned duplex on a cul-de-sac with an attached garage, patio, and partially finished basement.

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    Two-Family Duplex with Off-Street Parking
    Two-Family Duplex with Off-Street Parking

    1045-1047 Worcester St, Springfield, MA 01151

    $284,900
    2,720 sqft 0.34 AC lot

    Duplex zoned R2 with two units, each with two bedrooms and one full bathroom, plus off-street parking.

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    Side-by-Side Duplex with Basements
    Side-by-Side Duplex with Basements

    146-148 King Street, Springfield, MA 01109

    $359,900
    1,944 sqft

    Two-bedroom layouts, private storage areas, and one currently occupied unit support flexible use.

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    Duplex with Delead-Certified Unit
    Duplex with Delead-Certified Unit

    32 Wendell Pl, Springfield, MA 01105

    $360,000
    3,278 sqft 0.10 AC lot

    Duplex in a cul-de-sac with a delead-certified first-floor unit, newer roof and air handlers, and fenced back and side yard.

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    Duplex with Vacant Second Floor
    Duplex with Vacant Second Floor

    17-19 Howes St, Springfield, MA 01118

    $399,900
    2,612 sqft

    Duplex built in 1929 with a tenant-occupied unit and a vacant second-floor 3-bedroom unit with remodeled bath.

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    Two-Family Residential Income Property
    Two-Family Residential Income Property

    22-24 Sorrento St, Springfield, MA 01108

    $495,000
    2,368 sqft

    Fully occupied two-family home with two 3-bedroom, 2.5-bath units plus off-street parking and a shared backyard.

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    Renovated Side-by-Side Duplex
    Renovated Side-by-Side Duplex

    36-38 Chester Street, Springfield, MA 01105

    $350,000
    1,710 sqft

    Fully occupied property with private basements, ample parking, and a fenced backyard.

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    Vacant Two-Family Duplex
    Vacant Two-Family Duplex

    15 Warriner Ave, Springfield, MA 01108

    $439,900
    2,844 sqft

    Both units are vacant, with recent mechanical, window, and fencing improvements completed.

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    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    1386-1388 Worcester St, Springfield, MA 01151

    $419,000
    1,886 sqft

    Two-family property with two porches, off-street rear parking, and an unfinished walk-up third floor for added space.

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    Three-Story Multifamily Property
    Three-Story Multifamily Property

    117-119 Groveland St, Springfield, MA 01108

    $369,900
    2,189 sqft 0.12 AC lot

    Income-producing residential property with garage parking and flexible month-to-month tenancy.

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    Springfield, MA Residential Income Properties Market Trends and Statistics

    Explore 104 residential income properties for sale in Springfield, MA, showcased through 104 active listings on our real estate platform. These investment opportunities span a total of 386,513 square feet of properties for sale, with an estimated market value of $52,026,584.

    Sale prices for residential income properties in Springfield, MA start at $179,900, averaging $565,506, and reaching up to $11,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 105
    Duplexes 68
    Apartment buildings 17
    Triplexes 15
    Quadplexes 4

    Demographics Overview

    Population 171K
    Population Growth (5Y) +1.4%
    Median Household Income $60,860
    College Educated 19.9%

    High-Yield Neighborhoods for Investment

    Identify Springfield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Indian Orchard $372.1K
    Springfield $575.2K

    Taxes & Financing

    Tax Rate (average for all types) 3.26%
    Property Tax per SF $40.45 per SF
    Tax Rate vs County Average 0.49 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Hampden County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Springfield fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Springfield, MA

    • 01108
    • 01109
    • 01104
    • 01105
    • 01151
    • 01107
    • 01103
    • 01118
    • 01119
    • 01129
    • 02670

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