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INVESTMENT SNAPSHOT
About this property
Well-maintained multi-family opportunity offering strong income potential. This property features teo units with spacious layouts, separate utilities, and off-street parking. Conveniently located near shopping, public transportation, schools, and major routes. Ideal for investors or owner-occupants looking to build equity while generating rental income. Property offers solid bones with upside potential for increased rents or value-add improvements. Easy access to local amenities and highways. Don’t miss this opportunity to own a versatile income-producing property in a convenient Springfield location.
Property details
| Units | 2 |
| Living area | 2,670 sqft |
| Lot size | 4,792 sqft |
| Year built | 1922 |
| Price / sqft | $149 |
| County | Hampden |
| MLS # | 73493941 |
Listing status
| Days on market | 62 days |
| Listed on | March 31, 2026 |
Taxes & financials
| Annual property tax | $3,405 |
| Tax year | 2024 |
| Assessed value | $212,000 |
| Zoning | R2 |
| Gross income (actual) | $15,000/yr |
| Net operating income (actual) | $15,000/yr |
| Total actual rent | $2,500/mo |
Building & lot
| Stories | 2 |
| Total rooms | 12 |
| Lot size | 0.11 acres |
| Garage spaces | 0 |
| Parking spaces | 5 |
| Parking | Paved Drive, Off Street |
| Foundation | Concrete Perimeter |
| Roof | Shingle |
| Construction | Conventional (2x4-2x6) |
| Flooring | Vinyl |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of Naples Realty Group — Lino Carrasquillo. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 485 Bay Street, Springfield MA 01109 have?
It is a 2-unit multi-family property with 2,670 sqft of living area, built in 1922.
How long has 485 Bay Street, Springfield MA 01109 been on the market?
485 Bay Street, Springfield MA 01109 has been listed for 62 days (since March 31, 2026).
What is the estimated cap rate on this 2-family in Springfield?
Based on area median rents, the estimated cap rate is about 5.7%, with a Signal Score of 91/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $399,000 across 2 units, that works out to roughly $199,500 per unit.
What are the property taxes on 485 Bay Street, Springfield MA 01109?
Annual property taxes are $3,405 (2024), on an assessed value of $212,000.
What is the price per square foot?
At $399,000 for 2,670 sqft, that's about $149 per square foot.
Is there parking?
5 total parking spaces (paved drive, off street).
Where is this property located?
485 Bay Street, Springfield MA 01109 is in Springfield, Hampden County, MA 01109.
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