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Sold on 04/03/2024
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  • Exterior
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  • Bedroom

246-262 Union St, Springfield, MA 01105

$5,593,263

Last sold 04/03/2024 for $5.6M

  • 65

    bed

  • 64

    bath

  • 55,280

    Sqft ($101/Sqft)

Multi-family not for sale
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About 246-262 Union St

Property type Multi-family
Neighborhood
Year built 1940
HOA fee $0/month
Lot size 1.13 Acre
Movoto estimate
Parking 18 garage spaces
Property description
Welcome to 246-262 Union Street, where an exceptional investment opportunity awaits. Presenting a meticulously maintained 64-unit apartment building. This property promises not only a lucrative return on investment but also a chance to be a part of the thriving real estate market in this vibrant city. The owner has spared no expense in updating many of the units within the building, ensuring modern amenities and comforts for residents. From refreshed interiors to upgraded fixtures, these units offer contemporary living spaces that cater to the needs of tenants. This building consists of (19) studios, (25) 1 bedrooms, and (20) 2 bedroom apartments as well as 18 garage spaces. With its updated units, diverse unit mix, and convenient amenities, this 64-unit apartment building presents an excellent investment opportunity with multiple avenues for revenue generation.
Listed by
Listing Agent - Andrew Rodman
Listing Office - Lock and Key Realty Inc.
Source: MLS Property Information Network, Inc. mls logo
MLS#73207066 • last updated 2 years ago
Movoto checked MLS Property Information Network, Inc. for data 20 minutes ago
Overview
Levels/Style 3
MLS # 73207066
Type Residential Income
Status Closed
SubType 5+ Family - 5+ Units Up/Down
SqFt 55280
Lot Size (SqFt) 49423
Lot Size (Acres) 1.13
Annual Property Tax 77362
Year Built 1940
Interior
Total # of Bathrooms 64
# Full Baths 64
Total # of Bedrooms 65
Basement Full
Total # of Rooms 99
Flooring Vinyl, Hardwood
Window Features Insulated Windows
Exterior
Foundation Block
Roof Rubber
# Covered Spaces 18
Parking Desc Paved Drive, Off Street
# Parking Spaces 4
# Garage Spaces 18
Amenities / Utilities
Sewer Public Sewer
Utilities For Electric Range, for Electric Oven
Water Source Public
Location
County Hampden
Community Features Public Transportation, Laundromat, Public School
Zoning R3
APN S:11750 P:0062
Directions School Street To Union Street
Multifamily Details
Total Actual Rent 2700
Financial Data Source Owner, Pro. Forma Available
Lot/ Land Details
Road Frontage Public
$5.59M
Range: $5.03M-$6.15M
Last 30 days 
  • Jul 2024
    mls logo MLS # 73207066
  • Jul 20, 2024 Sold
    $5,600,000 (-2.2%)
  • Feb 29, 2024 Listed
    $5,725,000
  • 246-262 Union St
    $5.6M
  • Metro Center
    $98K -52% y/y
  • 01105
    $206K -1% y/y
  • Springfield
    $299K -2% y/y
No chart available
Statistics calculated by Movoto

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5/10
Milton Bradley School
public Grades PK, K-5
Springfield School District
1/10
South End Middle School
public Grades 6-8
Springfield School District
2/10
High School Of Commerce
public Grades 9-12
Springfield School District
2/10
High School/Science-Tech
public Grades 9-12
Springfield School District
Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the Massachusetts Multiple Listing Service™ system.
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 in 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.
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