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INVESTMENT SNAPSHOT
About this property
337 Parker offers a unique redevelopment opportunity with substantial exterior improvements already completed. This B2 zoned residential-style property is fully vacant and features a new roof and a newly constructed rear porch/egress. Situated on a large paved lot with abundant off-street parking, the property offers exceptional flexibility for business use or future potential for a two-family residence. Seller has obtained zoning-related relief associated with a proposed residential conversion, creating an attractive opportunity for investors, developers, contractors, or owner-occupants seeking a value-add project. Conveniently located near area amenities, major routes, and commercial services. Buyer to perform their own due diligence regarding intended use, zoning, permitting, code compliance, parking requirements, and any approvals required by the City of Springfield.
Property details
| Units | 2 |
| Living area | 1,328 sqft |
| Lot size | 7,331 sqft |
| Year built | 1921 |
| Price / sqft | $150 |
| County | Hampden |
| MLS # | 73527813 |
Listing status
| Days on market | 4 days |
| Listed on | June 1, 2026 |
Taxes & financials
| Annual property tax | $3,874 |
| Tax year | 2025 |
| Assessed value | $110,000 |
| Zoning | B2 |
| Total actual rent | $0/mo |
Building & lot
| Stories | 3 |
| Total rooms | 8 |
| Lot size | 0.17 acres |
| Garage spaces | 0 |
| Parking spaces | 12 |
| Parking | Paved Drive, Off Street, Paved |
| Foundation | Block |
| Roof | Shingle |
| Construction | Frame |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of Lock and Key Realty Inc. — Ryan DeLand. 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 337 Parker St, Springfield MA 01129 have?
It is a 2-unit multi-family property with 1,328 sqft of living area, built in 1921.
How long has 337 Parker St, Springfield MA 01129 been on the market?
337 Parker St, Springfield MA 01129 has been listed for 4 days (since June 1, 2026).
What is the estimated cap rate on this 2-family in Springfield?
Based on area median rents, the estimated cap rate is about 11.4%, with a Signal Score of 99/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $199,000 across 2 units, that works out to roughly $99,500 per unit.
What are the property taxes on 337 Parker St, Springfield MA 01129?
Annual property taxes are $3,874 (2025), on an assessed value of $110,000.
What is the price per square foot?
At $199,000 for 1,328 sqft, that's about $150 per square foot.
Is there parking?
12 total parking spaces (paved drive, off street, paved).
Where is this property located?
337 Parker St, Springfield MA 01129 is in Springfield, Hampden County, MA 01129.
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