Active
23 Days on market
281-285 Belmont Ave Springfield — Photo 1 of 31

281-285 Belmont Ave Springfield — Photo 1 of 31

$850,000

281-285 Belmont Ave, Springfield, MA 01108

Springfield, MA 01108

Beds

--

Baths

--

SqFt

8,000

Style

4 Family

Built

1990

Mixed-use investment opportunity at 281 Belmont St! This versatile property features four residential units plus two storefronts, offering multiple streams of potential rental income. Two residential units are currently vacant, providing an immediate opportunity for an owner-occupant to move in or for an investor to place new tenants and maximize rental income. The remaining units provide additional income potential, while the storefronts offer valuable commercial space and added flexibility. Lead certificates are available. Whether you're looking to expand your portfolio, house hack, or add a property with both residential and commercial income potential, this is an opportunity worth seeing!

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$106/sqft
Local Avg (Springfield)$151/sqft
30% BelowMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Springfield, MA.

Property Details

Financials

Original Price$850,000
Annual Taxes$8,285.31

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms15
FireplacesNone
FlooringWood, Vinyl
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
Roof--
FoundationBlock
ZoningB1

Property & Lot

Acres0.14
SqFt Lot5,929
Lot Features--

Neighborhood

Public Transportation • Shopping • Park • Laundromat • Highway Access • Public School

Geography

Property History

Listed
$850,000

Aug 20, 2026

MLS® 73566022

Listed
$850,000

Aug 4, 2026

MLS® 73559205

Population

27,405

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$51K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

54.9%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Hampden County

359 housing units permitted in the last 12 months (+20% vs the prior 12 months) — 74 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Sheila Perez

Listing Office: Naples Realty Group

MLS® Number: 73566022

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