2 Family - 2 Units Up/Down at 248 Lyman St, Holyoke
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39 photos

$349,000

248 Lyman St
Holyoke, MA 01040
Listed by New Homes Realty Group
Bedrooms
4
Bathrooms
2
Living area
1,800 sqft
Year built
1890

About this home

Great opportunity for first-time homebuyers or investors! This beautifully updated two-family home offers comfort, flexibility, and income potential in a convenient location. The first-floor unit is currently generating rental income, while the second-floor unit is vacant and ready for its next owner or tenant. Recent improvements include newer windows, a newer roof, and updated electrical with recessed lighting throughout. Both apartments feature an open-concept layout, creating a spacious and inviting feel. The second-floor unit also offers a spiral staircase leading to two additional finished rooms, providing extra space for a home office, recreation room, or other uses. A two-car garage adds valuable parking and storage. Live in one unit while collecting rental income from the other, or add this versatile property to your investment portfolio. An excellent opportunity to build equity while enjoying the benefits of a well-maintained, updated two-family home!

Property details

MLS
MLS Property Information Network
MLS #
73597795
Property type
2 Family - 2 Units Up/Down
Subdivision
N/A
Status
Active
Days on market
1
On market date
November 2, 2026
Stories
3
Total bathrooms
2
Garage spaces
2
Parking spaces
4
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.

Elementary
H.B. Lawrence School
0.62 mi away · Grades -1-3
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
186
Student:teacher ratio
10.3:1
District
Holyoke
Middle
William R. Peck School
1.26 mi away · Grades 4-8
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
216
Student:teacher ratio
9.8:1
District
Holyoke
High
Holyoke High
1.04 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
1,508
Student:teacher ratio
11.4:1
District
Holyoke

Walkability

Blended score for Holyoke'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).

75
Walkable
out of 100
EPA National Walkability Index
11.5 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores16
Parks20
Schools19
Transit stops20
Pharmacies8

Market position

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

On the market 1 days -- 175 fewer days than Holyoke's current average of 176 days.
For reference, the median list price across 228 active listings in Holyoke right now is $285,900.

Mortgage calculator

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

Adjust tax / insurance estimates
Est. monthly payment
$2,252/mo
$69,800 down
$279,200 loan
Principal & interest$1,811
Property tax (est.)$291
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network. Last updated 2 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.