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INVESTMENT SNAPSHOT
About this property
A solid rental history in this renovated two-family home that won a 2014 Springfield Preservation Trust Award! Enjoy updated electric, plumbing, recently renovated 2nd floor apartment, and a 2nd floor letter of lead compliance to name a few. Nestled on a hill above downtown, this property offers plenty of off-street parking, a large backyard that borders Springfield Commonwealth Academy and is down the street from South End Community Center. A wonderful blend of historic details, modern updates & income production make this one a winner!
Property details
| Units | 2 |
| Living area | 2,246 sqft |
| Lot size | 9,413 sqft |
| Year built | 1896 |
| Price / sqft | $163 |
| County | Hampden |
| MLS # | 73487474 |
Listing status
| Days on market | 31 days |
| Listed on | March 17, 2026 |
Taxes & financials
| Annual property tax | $4,273 |
| Tax year | 2025 |
| Assessed value | $272,500 |
| Zoning | R2 |
| Gross income (actual) | $38,832/yr |
| Net operating income (actual) | $38,832/yr |
| Total actual rent | $3,236/mo |
Building & lot
| Stories | 2 |
| Total rooms | 12 |
| Lot size | 0.22 acres |
| Garage spaces | 0 |
| Parking spaces | 4 |
| Parking | Paved Drive, Off Street, Paved |
| Basement | Full, Interior Entry, Bulkhead, Concrete |
| Foundation | Brick/Mortar |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Wood, Tile, Other, Hardwood |
Utilities & systems
| Heating | Central, Forced Air, Natural Gas |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Electric Range |
| Appliances | Range, Refrigerator |
Location
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Listing courtesy of 5 College REALTORS® Northampton — Sarah Shipman. 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 229 Central St, Springfield MA 01105 have?
It is a 2-unit multi-family property with 2,246 sqft of living area, built in 1896.
How long has 229 Central St, Springfield MA 01105 been on the market?
229 Central St, Springfield MA 01105 has been listed for 31 days (since March 17, 2026).
What is the estimated cap rate on this 2-family in Springfield?
Based on area median rents, the estimated cap rate is about 6.2%, with a Signal Score of 94/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $365,000 across 2 units, that works out to roughly $182,500 per unit.
What are the property taxes on 229 Central St, Springfield MA 01105?
Annual property taxes are $4,273 (2025), on an assessed value of $272,500.
What is the price per square foot?
At $365,000 for 2,246 sqft, that's about $163 per square foot.
Is there parking?
4 total parking spaces (paved drive, off street, paved).
Where is this property located?
229 Central St, Springfield MA 01105 is in Springfield, Hampden County, MA 01105.
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