Springfield Homes with 5-9 Family Subtype

Springfield Homes with 5-9 Family Subtype

Welcome to Springfield, Massachusetts—an inviting city that beautifully blends rich history with modern living. Nestled in Hampden County, Springfield is known as the birthplace of basketball and boasts a vibrant cultural scene, making it an ideal place for families, professionals, and everyone in between. With its charming neighborhoods, lush parks, and a variety of dining and entertainment options, Springfield offers a unique quality of life that appeals to all.

One of the standout features of Springfield’s real estate market is its diverse housing options, particularly homes with a 5-9 family subtype. These multi-family properties present a fantastic opportunity for investors and homeowners alike. With spacious layouts and potential for rental income, these homes are perfect for those looking to create a sense of community while maximizing their investment. Imagine living in a beautifully maintained property where you can enjoy the benefits of homeownership while also having the option to rent out additional units.

Springfield’s multi-family homes are strategically located near schools, public transportation, and local amenities, ensuring convenience and accessibility for residents. The city’s commitment to revitalization and growth has led to a thriving market, making it an excellent time to consider investing in this dynamic area.

Whether you’re looking to settle down in a welcoming neighborhood or seeking a savvy investment opportunity, Springfield’s 5-9 family homes offer the perfect blend of comfort, community, and potential. Come explore all that this charming city has to offer!

Newest Springfield Homes with 5-9 Family Subtype

181-187 Chestnut St, Springfield
$1,880,000
8 Beds ⋅ 11 Baths ⋅ 73578799 MLS
Exceptional Downtown Springfield Mixed-Use Investment Opportunity. 181–187 Chestnut Street is a well-maintained 11-unit mixed-use asset consisting of three street-level commercial spaces and eight one-bedroom apartments in the heart of Springfield’s downtown Business Improvement District. The property offers approximately $183,000 in gross annual rental income at full occupancy, reflecting substantial rent growth and improved income performance. The approximately 11,628-square-foot historic brick building has undergone significant renovation and offers an attractive combination of residential and commercial income. The building is fully sprinklered, with separate utilities, beautifully maintained common areas, high ceilings, oversized windows and excellent Chestnut Street visibility. The location continues to strengthen. The Commonwealth has selected nearby 125 Liberty Street for the new Roderick L. Ireland Regional Justice Center, a major long-term investment in this section of downtown Springfield. The courthouse site is only several blocks from the property and is visible from the building, creating a compelling opportunity for an investor to own income-producing real estate in the path of significant public investment. The property is also convenient to Union Station, downtown employers, restaurants, entertainment and major regional transportation routes. With a diversified rent roll consisting of eight residential units and three established commercial tenants, 181–187 Chestnut offers investors an opportunity to acquire a stabilized mixed-use asset with strong current income and a location positioned to benefit from continued downtown investment.11 Units | 3 Commercial + 8 Residential | $183,000 Gross Annual Rent | 11,628 SF | $1,988,000 Asking Price | Downtown Springfield | New Regional Justice Center Nearby.

181-187 Chestnut St, Springfield

Listing courtesy of Listing Agent: Anthony Ardolino from Listing Office: Berkshire Hathaway HomeServices Realty Professionals.

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