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Investing in Springfield Multi-Family Homes

A live snapshot of the Springfield, MA multi-family market — 59 active listings.

Active listings59
Median price$415,900
Median cap rate6.2%
Avg Signal Score93.2
Median $/unit$182,500
Price range$199,000–$2,835,000
8/10
Springfield Market Score — Hot seller’s market
$310,000 median · +0.0% YoY · 28 days on market · ~106 sales/mo
Based on the last 6 months of recorded sales vs. the prior year. Updated regularly.

Springfield is one of Greater Boston's active multi-family markets, with 59 income properties currently for sale at a median price of $415,900 and a median estimated cap rate around 6.2%. Whether you're buying your first two- or three-family or expanding a portfolio, the listings below are each scored for investment potential so you can compare deals at a glance.

Top Springfield multi-families

View all 59 →
827-831 Armory St, Springfield MA 01107
◆ 99
$430,000
827-831 Armory St, Springfield MA 01107
3 units 5 bd3 ba2,860 sqft
Cap rate7.9%
Signal Score99
$/unit$143,333
435-455 State Street, Springfield MA 01105
◆ 99
$385,000
435-455 State Street, Springfield MA 01105
3 units 6 bd4 ba3,621 sqft
Cap rate8.8%
Signal Score99
$/unit$128,333
222-224 Main St, Springfield MA 01151
◆ 99
$279,991
222-224 Main St, Springfield MA 01151
2 units 3 bd3 ba2,642 sqft
Cap rate8.1%
Signal Score99
$/unit$139,996
91 E Park St, Springfield MA 01105
◆ 99
$2,150,000
91 E Park St, Springfield MA 01105
17 units 17 bd17 ba12,184 sqft
Cap rate8.9%
Signal Score99
$/unit$126,471
236-240 Locust St, Springfield MA 01108
◆ 99
$1,725,000
236-240 Locust St, Springfield MA 01108
16 units 24 bd16 ba12,989 sqft
Cap rate10.5%
Signal Score99
$/unit$107,813
459-461 Armory St, Springfield MA 01104
◆ 99
$395,000
459-461 Armory St, Springfield MA 01104
3 units 9 bd3 ba3,075 sqft
Cap rate8.6%
Signal Score99
$/unit$131,667
116-118 Massasoit St, Springfield MA 01107
◆ 99
$480,000
116-118 Massasoit St, Springfield MA 01107
3 units 8 bd6 ba4,142 sqft
Cap rate7.1%
Signal Score99
$/unit$160,000
37-39 Wilmont St, Springfield MA 01108
◆ 99
$485,000
37-39 Wilmont St, Springfield MA 01108
3 units 9 bd4 ba3,390 sqft
Cap rate7.0%
Signal Score99
$/unit$161,667
36-38 Chapel St, Springfield MA 01109
◆ 99
$479,900
36-38 Chapel St, Springfield MA 01109
3 units 9 bd3 ba3,294 sqft
Cap rate7.1%
Signal Score99
$/unit$159,967

Prices in Springfield currently run from $199,000 to $2,835,000, or about $182,500 per unit at the median. Multi-family inventory moves quickly when the numbers work, so save a search to get alerted the moment a new Springfield deal hits the market — or open any listing and run your own numbers in the property analyzer.

Springfield multi-family — questions & answers

How many multi-family homes are for sale in Springfield?

There are currently 59 active multi-family listings in Springfield, MA.

What is the median multi-family home price in Springfield?

The median list price is about $415,900, or roughly $182,500 per unit.

What cap rate do multi-families in Springfield offer?

The median estimated cap rate is about 6.2% (based on area median rents; directional only).