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Sold on 06/25/2026

55-59 Margaret St, Springfield, MA 01105

$570,000

Last sold 06/25/2026 after 50 Days

  • 11

    bed

  • 4

    bath

  • 4,500

    Sqft ($127/Sqft)

Multi-family not for sale
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About 55-59 Margaret St

Property type Multi-family
Neighborhood
Year built 1923
HOA fee $0/month
Lot size 4,025 Sqft
Movoto estimate
Property description
Great investment opportunity! This well-maintained 4-unit building offers 11 bedrooms and strong income potential. There will be one vacant unit at closing! The other units have reliable tenants, so it provides immediate cash flow. Each unit has separate utilities, helping keep owner expenses low. With stable occupancy, solid rental history, and potential for future rent growth, this is an excellent opportunity to secure a high-performing, income-producing asset. Well cared for and consistently maintained, this property presents a turnkey opportunity for both seasoned investors and those looking to grow their portfolio. There is also potential to expand the attic, offering added value and additional possibilities. Conveniently located near local amenities, shopping, dining, and transportation, making it highly attractive for renters.
Listed by
Listing Agent - Ashley Jones
Listing Office - Coldwell Banker Realty - Western MA
Source: MLS Property Information Network, Inc. mls logo
MLS#73514166 • last updated 2 months ago
Movoto checked MLS Property Information Network, Inc. for data 3 minutes ago
Overview
Cooling/AC Window Unit(s)
Heating Electric, Natural Gas
Levels/Style 4, 4
MLS # 73514166
Type Residential Income
Status Closed
SubType 4 Family
SqFt 4500
Lot Size (SqFt) 4025
Lot Size (Acres) 0.09
Annual Property Tax 6430
Year Built 1923
Interior
Total # of Bathrooms 4
# Full Baths 4
Total # of Bedrooms 11
Basement Unfinished
Total # of Rooms 19
Flooring Wood, Tile, Vinyl
Appliances Range, Refrigerator
Interior Features Ceiling Fan(s), Pantry, Bathroom With Tub & Shower, Lead Certification Available, Living Room, Kitchen
Exterior
Foundation Brick/Mortar
Roof Shingle
Construction Frame
Patio/ Porch Porch, Deck - Wood
Lot Desc Cleared, Level
Amenities / Utilities
Sewer Public Sewer
Utilities For Gas Range, for Electric Range
Electricity Circuit Breakers
Water Source Public
Location
County Hampden
Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House Of Worship, Private School, Public School, University
Zoning R3
APN S:08255 P:0056, 2594249
Directions Use GPS
Multifamily Details
Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Net Operating Income 76200
Total Actual Rent 6350
Gross Income 76200
Lot/ Land Details
Road Surface Paved
$598K
Range: $472K-$723K
Last 30 days 
  • Aug 2026
    mls logo MLS # 73514166
  • Aug 4, 2026 Sold
    $570,000 (-1.7%)
  • May 25, 2026 Price Change
    $579,900 (-3.3%)
  • May 6, 2026 Listed
    $599,999 (+35.2%)
  • Jan 2025
    mls logo MLS # 73302353
  • Jan 8, 2025 Sold
    $443,877 (-0.9%)
  • Oct 15, 2024 Listed
    $448,000 (+28.7%)
  • Sep 2020
    mls logo MLS # 72708611
  • Sep 28, 2020 Price Change
    $348,000 (-0.3%)
  • Sep 11, 2020 Price Change
    $349,000 (-0.3%)
  • Aug 12, 2020 Listed
    $349,900 (+9.4%)
  • Jan 2020
    mls logo MLS # 72601463
  • Jan 30, 2020 Price Change
    $319,900
  • Dec 18, 2019 Listed
    $320,000
  • Year Property taxes Tax assessment
  • 2025
    $6,430 -1.1%
    $410,100 +1.26%
  • 2024
    $6,504 +14.8%
    $405,000 +21.88%
  • 2023
    $5,666 -11.8%
    $332,300 -2.67%
  • 2022
    $6,425 +27.4%
    $341,400 +27.91%
  • 2021
    $5,044
    $266,900
  • 55-59 Margaret St
    $570K
  • South End
    $737K +257% y/y
  • 01105
    $206K -1% y/y
  • Springfield
    $299K -2% y/y
No chart available
Statistics calculated by Movoto

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6/10
White Street 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 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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