5-9 Family at 228-232 Eastern Ave, Springfield MA 01109, Springfield
5-9 Family at 228-232 Eastern Ave, Springfield MA 01109, Springfield, photo 2 of 20
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20 photos

$699,000

228-232 Eastern Ave, Springfield MA 01109
Springfield, MA 01109
Listed by Kevin Li
Bedrooms
12
Bathrooms
6
Living area
7,188 sqft
Year built
1912

About this home

Turn-key 6-family investment opportunity featuring six 2-bedroom units across three floors. Most units have been renovated with updated kitchens, bathrooms, flooring, and finishes. Five units are currently leased with tenants in good standing and current on rent. One first-floor unit was recently turned over and is vacant, providing an opportunity for owner-occupancy or a new market-rate tenant. At full occupancy with current rents in place, the property generates over $94,000 in annual gross rental income. Tenants pay their own electric and gas utilities; owner pays water and sewer. Recent capital improvements include a $33,000 rebuild of the rear porch and newly replaced electric meters. Lead compliance certificates are available, and the property is up to date with current city requirements, including fire monitoring and an intercom system. Additional features include a corner lot and paved driveway with off-street parking for two vehicles. First open house Saturday, September 26, from 1:00 PM to 2:30 PM.

Property details

MLS #
73580480
Property type
5-9 Family
Subdivision
N/A
Status
Active
Days on market
17
On market date
September 21, 2026
Stories
5
Total bathrooms
6
Garage spaces
N/A
Parking spaces
2
Lot size
0.07 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Elias Brookings
0.36 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
299
Student:teacher ratio
10.3:1
District
Springfield
Middle
Springfield Public Day Middle School
0.14 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
38
Student:teacher ratio
3.8:1
District
Springfield
High
High School Of Commerce
0.75 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,282
Student:teacher ratio
10.2:1
District
Springfield

Walkability

Blended score for Springfield's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

83
Highly walkable
out of 100
EPA National Walkability Index
14.3 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks20
Schools20
Transit stops20
Pharmacies4

Market position

How this listing compares to current activity in Springfield, from live MLS data.

On the market 17 days -- 93 fewer days than Springfield's current average of 110 days.
For reference, the median list price across 723 active listings in Springfield right now is $305,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$4,359/mo
$139,800 down
$559,200 loan
Principal & interest$3,627
Property tax (est.)$583
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 13 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.