Springfield Homes with 5+ Family - 5+ Units Up/Down Subtype

Welcome to Springfield, Massachusetts, a vibrant city nestled in the heart of Hampden County. Known for its rich history, Springfield is the birthplace of basketball and home to the renowned Dr. Seuss Museum. This dynamic city offers a blend of cultural attractions, recreational opportunities, and a diverse community, making it an ideal place for families, young professionals, and retirees alike.

Springfield boasts a variety of residential options, particularly for those looking to invest in multifamily properties. With a focus on homes featuring 5+ units, these up/down subtypes present an excellent opportunity for both seasoned investors and first-time buyers. These properties are not just a smart investment; they also provide the chance to create a thriving community. Imagine owning a well-maintained building where families can establish roots, or young professionals can enjoy the convenience of urban living.

The multifamily homes in Springfield are strategically located near essential amenities, including schools, parks, shopping centers, and public transportation. This accessibility enhances the appeal for potential tenants, ensuring a steady rental income. Additionally, the city's ongoing revitalization efforts and economic growth promise a bright future for real estate investors.

Whether you are looking to expand your portfolio or dive into the world of real estate for the first time, Springfield’s multifamily homes offer an attractive opportunity. Discover the charm of this historic city and the potential that comes with owning a piece of Springfield’s vibrant community. Your investment journey starts here!

Newest Springfield Homes with 5+ Family - 5+ Units Up/Down Subtype

$749,900

8 Beds ⋅ 6 Baths ⋅ 73580589 MLS

Discover an investment opportunity at 298–302 Belmont Avenue in Springfield! This six-unit property features four residential apartments and two occupied commercial spaces. The seller has a transferable special permit in hand allowing the commercial spaces to be converted into residential units, giving the buyer an opportunity to increase rental income and build additional equity.All units have separate utilities, which are paid by the tenants. The property underwent extensive renovations in 2022, including a new roof, furnaces, hot water tanks, plumbing and electrical systems, a hardwired fire alarm system, and heating and central air in five units. Each residential apartment features two bedrooms, a living room, dining room, kitchen, and full bathroom, offering the potential to reconfigure the layout into a three-bedroom unit if desired. All four residential units have central air conditioning and lead certificates. Two apartments have laundry hookups inside their units. Both first-floor commercial spaces contain two rooms; one has a full bathroom, while the other has a half bathroom. With plumbing already installed in the commercial spaces, much of the groundwork for the residential conversion is already in place, subject to applicable requirements and approvals.With commercial tenants already in place, the property offers income from day one. Additional features include off-street parking in a private lot behind the building. Whether maintaining the current mixed-use configuration or pursuing the permitted residential conversion, this property offers multiple opportunities for future growth. Don’t miss out on this unique investment opportunity!

298-302 Belmont Ave, Springfield

Listing courtesy of Listing Agent: Jessica Mekal from Listing Office: Lock and Key Realty Inc..

$1,650,000

12 Beds ⋅ 12 Baths ⋅ 73571198 MLS

INVESTMENT OPPORTUNITY WITH ADDITIONAL DEVELOPMENT POTENTIAL! This 12-unit multifamily property offers strong income potential in a convenient Springfield location. Major improvements completed in 2025 and 2026 include a NEW ROOF and NEW HEATING SYSTEM. Excellent opportunity at 40 Warriner Ave in Springfield! This property is being offered together with the adjacent lot, creating exciting possibilities for investors and developers. Per a recent conversation with the City of Springfield Zoning Department, the adjacent lot may have the potential to accommodate a new three-family residential building. Zoning also indicated that the existing parking arrangement for 40 Warriner Ave is grandfathered and that the adjacent lot is not required to serve as parking for the existing building. This presents a unique opportunity to own an existing property along with additional land that may offer future development potential.Buyer and buyer's agent to perform their own due diligence and verify all zoning, building requirements, permitting, and development possibilities with the City of Springfield.

40 Warriner Ave, Springfield

Listing courtesy of Listing Agent: Cassandra Swaby from Listing Office: Berkshire Hathaway HomeServices Realty Professionals.

$975,000

18 Beds ⋅ 6 Baths ⋅ 73561263 MLS

RARE SIX-FAMILY INVESTMENT OPPORTUNITY! This one-of-a-kind property offers six spacious 3-bedroom units—18 bedrooms total—each featuring a generous living/dining area, spacious kitchen, and newer flooring. Every unit has separate utilities, including in-unit circuit breaker panels, separate electric hot water tanks, and separate forced hot-air gas heating systems, providing convenience and efficient management. Additional features include a newer rear deck, centrally monitored security system, intercom, and individual door buzzers. With six large units, separate systems, and numerous updates already in place, this property stands apart from the typical six-family. An excellent opportunity for an investor looking to add a quality income-producing multifamily property to their portfolio. Rarely does a six-family with this combination of space, separate utilities, and amenities become available. Don't miss this exceptional investment opportunity!

174 Locust St, Springfield

Listing courtesy of Listing Agent: Maher Khatib from Listing Office: M B C REALTORS®.

$684,000

10 Beds ⋅ 7 Baths ⋅ 73508748 MLS

Current rent roll: $6,700/month (one vacant unit)Pro forma rent roll: $7,700/month once fully leased (remaining unit estimated at $1,000/month based on market comps) Great investment opportunity - This mixed-use property offers a total gross building area of approximately 9,494 square feet and includes two storefronts, three residential units above the commercial space, and a separate two-family in the rear, providing multiple income streams and long-term tenant stability. The left storefront includes a large display window, two spacious rooms and oil heat. The right storefront offers a prominent display window, open layout, and gas heat. Above the storefronts are three residential units: a three-bedroom one-bath unit with oil heat, hardwood floors, and a rear porch; a two-bedroom one-bath unit with gas heat, hardwood floors, and rear and side. porch; and a one-bedroom one-bath unit with gas heat, hardwood floors, and a porch. In the rear of the property is a separate two-family featuring a three-bedroom one-bath unit with a front porch and gas heat, as well as a two-bedroom one-bath unit with a front porch and gas heat.

26-28 Parker St, Springfield

Listing courtesy of Listing Agent: Pablo Ottenwalder from Listing Office: Premier Choice Realty.

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Springfield Homes with 5+ Family - 5+ Units Up/Down Subtype

Newest Springfield Homes with 5+ Family - 5+ Units Up/Down Subtype

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