Active
17 Days on market
50 Stevens St Springfield — Photo 1 of 5

50 Stevens St Springfield — Photo 1 of 5

$1,250,000

50 Stevens St, Springfield, MA 01104

Springfield, MA 01104

Beds

10

Baths

10

SqFt

2,930

Style

5+ Family - 5+ Units Side by Side

Built

1927

Investment opportunity in Springfield! This 10-unit multifamily property offers investors the opportunity to acquire a substantial income-producing asset with additional upside potential. Currently generating strong rental income with opportunities to further improve performance and maximize revenue over time.With 10 units under one roof, this property offers scale and income diversification for an investor looking to expand an existing portfolio or add a larger multifamily asset. Schedule a private showing to tour the property and explore its investment potential.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$427/sqft
Local Avg (Springfield)$144/sqft
197% AboveMarket Average

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

Property Details

Financials

Original Price$1,250,000
Annual Taxes$9,146

Parking

Garage0
Off-Street10

Interior Specifications

Total Rooms20
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
RoofRubber
FoundationSlab
ZoningB1

Property & Lot

Acres0.27
SqFt Lot11,744
Lot Features--

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat

Geography

Population

23,209

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

Median Household Income

$50K

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

Renter-Occupied Homes

52.2%

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: Raquel Medina

Listing Office: Lock and Key Realty Inc.

MLS® Number: 73568827

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