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INVESTMENT SNAPSHOT
About this property
Excellent opportunity for investors! This fully rented three-family investment property features long-term tenants and offers 3,075 square feet of living space with a total of 14 rooms, 8 bedrooms, and 3 full bathrooms.The first and second-floor units each offer 3 bedrooms and 1 full bathroom, while the third-floor unit features 2 bedrooms and 1 full bathroom. Each unit has separate utilities. Current rents are below market value, offering strong potential for increased cash flow. Conveniently located near shopping, restaurants, parks, medical facilities, and major commuter routes. Showings deferred until the Open House on Sunday, June 7, from 12 pm to 2 pm.
Property details
| Units | 3 |
| Living area | 3,075 sqft |
| Lot size | 5,368 sqft |
| Year built | 1898 |
| Price / sqft | $128 |
| County | Hampden |
| MLS # | 73530208 |
Listing status
| Days on market | 4 days |
| Listed on | June 4, 2026 |
Taxes & financials
| Annual property tax | $5,415 |
| Tax year | 2026 |
| Assessed value | $350,300 |
| Zoning | R2 |
| Gross income (actual) | $47,100/yr |
| Net operating income (actual) | $47,100/yr |
| Total actual rent | $3,975/mo |
Building & lot
| Stories | 3 |
| Total rooms | 15 |
| Lot size | 0.12 acres |
| Garage spaces | 0 |
| Parking spaces | 4 |
| Foundation | Concrete Perimeter |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Springfield →
Listing courtesy of Executive Real Estate, Inc. — Xiaoming Zhao. 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 459-461 Armory St, Springfield MA 01104 have?
It is a 3-unit multi-family property with 3,075 sqft of living area, built in 1898.
How long has 459-461 Armory St, Springfield MA 01104 been on the market?
459-461 Armory St, Springfield MA 01104 has been listed for 4 days (since June 4, 2026).
What is the estimated cap rate on this 3-family in Springfield?
Based on area median rents, the estimated cap rate is about 8.6%, 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 $395,000 across 3 units, that works out to roughly $131,667 per unit.
What are the property taxes on 459-461 Armory St, Springfield MA 01104?
Annual property taxes are $5,415 (2026), on an assessed value of $350,300.
What is the price per square foot?
At $395,000 for 3,075 sqft, that's about $128 per square foot.
Is there parking?
4 total parking spaces.
Where is this property located?
459-461 Armory St, Springfield MA 01104 is in Springfield, Hampden County, MA 01104.
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