Attention Investors! Here is your opportunity to own a 46-unit income producing property in Springfield! This a 3-parcel property consisting of two residential buildings 202-206 Pearl st and 208-212 Pearl st and 1 parking lot featuring 35 parking spaces along with 7 garages with one oversized garage. 202-206 Pearl is a well maintained 21-unit property offering (16) 1 bed and (5) 2 bed apartments, 1 year old hot water condensing boiler, 7-year-old steam boiler, and updated apartments. 208-212 Pearl st is a 25 unit building offering (17) 1 bed, (5) 2 bed and (3) studio apartments, 1 year old hot water condensing boiler, 3-year-old boiler, 7-year-old TPO roof and updated apartments. Currently the property is being offered at 8% cap rate. There is plenty of upside being offered as well! Don’t miss out on this rare opportunity to own a nice income producing property in this growing Springfield market!
Property Details
Property Features
Property Information:
Year Built: 1927
Living Area: 45,750 SqFt
Listing Office:
Office Name: Lock and Key Realty Inc.
Listing Agent: James Charles
Interior Features
Interior Information:
Basement: Yes
Flooring Type: Vinyl, Hardwood
Bedroom and Bathroom Information:
Full Bathrooms: 46
Total Bedroom Count: 53
Exterior Features
Exterior Information:
Exterior: Porch, Balcony
Parking Information:
Garage Space: 7 spaces
Parking: Paved Drive, Off Street, Common
Lot Features
Lot Information:
Lot Size: 0.64 Acres
School Info
Assigned Schools Information:
High School of Commerce, Public District Grades 9-12
The Springfield Renaissance School, Public District Grades 6-12
High School/Science-Tech, Public District Grades 9-12
Alfred G Zanetti, Public District Grades PK-8
STEM Middle Academy, Public District Grades 6-8
Lincoln, Public District Grades KG-5
Other
Directions Information:
Directions: Use GPS
Price Information
Listing Price Info
Price Summary:
List Price: $4,525,000
Price Per SqFt: $99/SqFt
Agent Commission:
Buyer's Agent Commission: 1.25%
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Housing Market Comparison
See how this home compares to others in Springfield, MA.
This property is $4.2M more than the Median Sold Price and $83/SqFt less than other homes in Springfield, MA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MLS Property Information Network
MLS Number: #73203773
Listing Office:
Office Name: Lock and Key Realty Inc.
Listing Agent: James Charles
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.
Last updated on: 4/27/2024, 12:55:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
1
/10
Lincoln
732 Chestnut St
Distance between this listing and this school1.34 miles
Public District Grades KG-5
Middle School
6
/10
Alfred G Zanetti
474 Armory St
Distance between this listing and this school1.06 miles
Public District Grades PK-8
3
/10
STEM Middle Academy
60 Alton St
Distance between this listing and this school2.13 miles
Public District Grades 6-8
High School
2
/10
High School of Commerce
415 State St
Distance between this listing and this school0.51 miles
Public District Grades 9-12
4
/10
The Springfield Renaissance School
1170 Carew St
Distance between this listing and this school2.06 miles
Public District Grades 6-12
2
/10
High School/Science-Tech
1250 State St
Distance between this listing and this school2.15 miles
Public District Grades 9-12
Assigned Schools
1
/10
Lincoln
732 Chestnut St
Distance between this listing and this school1.34 miles
Public District Grades KG-5
Nearby Schools
4
/10
Milton Bradley School
22 Mulberry St
Distance between this listing and this school0.48 miles
Public District Grades PK-5
2
/10
Boland School
426 Armory St
Distance between this listing and this school1.03 miles
Public District Grades PK-5
Assigned Schools
6
/10
Alfred G Zanetti
474 Armory St
Distance between this listing and this school1.06 miles
Public District Grades PK-8
3
/10
STEM Middle Academy
60 Alton St
Distance between this listing and this school2.13 miles
Public District Grades 6-8
Nearby Schools
3
/10
Baystate Academy Charter Public School
334 Franklin St
Distance between this listing and this school0.62 miles
Public Charter Grades 6-7
Assigned Schools
2
/10
High School of Commerce
415 State St
Distance between this listing and this school0.51 miles
Public District Grades 9-12
4
/10
The Springfield Renaissance School
1170 Carew St
Distance between this listing and this school2.06 miles
Public District Grades 6-12
2
/10
High School/Science-Tech
1250 State St
Distance between this listing and this school2.15 miles
The neighbors living near this home have an average income of $14,100. Most Springfield, MA residents have annual incomes less than $35k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
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This home is located at 202-212 Pearl St in Springfield, MA and zip code 01105 in the Metro Center neighborhood. This 45,750 square foot home, which was built in 1927, sits on a 0.64 acre lot. Features: 53 bedrooms, 46 bathrooms. It has been listed on Rocket Homes since February 20, 2024 and is currently priced at $4,525,000.
While more than 45 listings in Springfield, MA in March 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 20 were sold below. The number of listings in Springfield, MA decreased by 2.1% between February 2024 and March 2024. In March 2024 median list price was $282,180 and the average listing age was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
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