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$599,999

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55-59 Margaret St

Springfield, MA, 01105

Multi-Family · MLS #73514166

Price/sqft

$133

Days on market

New today

Year built

1923

Lot size

0.09 ac

4,500 sq ft

Sq Ft

0.09 acres

Lot

1923

Year Built

Taxes: $6,430 (2025)

About this home

Great investment opportunity! This well-maintained 4-unit building offers 11 bedrooms and strong income potential. Fully occupied with reliable tenants, it provides immediate cash flow. Each unit has separate utilities, helping keep owner expenses low. With stable occupancy, solid rental history, and potential for future rent growth, this is an excellent opportunity to secure a high-performing, income-producing asset. Well cared for and consistently maintained, this property presents a turnkey opportunity for both seasoned investors and those looking to grow their portfolio. There is also potential to expand the attic, offering added value and additional possibilities. Conveniently located near local amenities, shopping, dining, and transportation, making it highly attractive for renters.

Property details

Road type
Paved
Basement
Unfinished Basement, Exterior Access
Electric
Circuit Breakers

Listed by Ashley Jones · Coldwell Banker Realty - Western MA

Schedule a showing

55-59 Margaret St

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$3,820 / month

Down payment20% · $120,000
Interest rate6.50%

Loan term

Principal & interest
$3,034
Property tax
$536
Home insurance
$250

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses listed taxes.

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