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INVESTMENT SNAPSHOT
About this property
Perfect for investors OR owner occupants!!! Quaint and full of charm, this well-maintained 2-family property offers beautiful water views of the South Branch Mill River and a prime location just minutes from Western New England University and Springfield College. Each unit features 2 bedrooms and 1 bathroom, providing comfortable and functional living spaces. Set on a slab with a small, easy-to-maintain yard and newer heating systems, this is a true low-maintenance investment. Both units are currently occupied by great tenants on month-to-month agreements, offering immediate income with added flexibility for future plans. Whether you’re looking to expand your portfolio or secure a smart investment in a highly desirable and convenient location, this property checks all the boxes. Don’t miss your opportunity to own a turnkey 2-family with water views and strong income potential!
Property details
| Units | 2 |
| Living area | 1,820 sqft |
| Lot size | 7,401 sqft |
| Year built | 1966 |
| Price / sqft | $181 |
| County | Hampden |
| MLS # | 73512836 |
Listing status
| Days on market | 27 days |
| Listed on | May 5, 2026 |
Taxes & financials
| Annual property tax | $3,410 |
| Tax year | 2025 |
| Assessed value | $217,500 |
| Zoning | R2 |
| Gross income (actual) | $35,100/yr |
| Net operating income (actual) | $35,100/yr |
| Total actual rent | $2,925/mo |
Building & lot
| Stories | 2 |
| Total rooms | 8 |
| Lot size | 0.17 acres |
| Garage spaces | 0 |
| Parking spaces | 4 |
| Parking | Paved Drive, Paved |
| Foundation | Slab |
Utilities & systems
| Heating | Natural Gas |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Refrigerator, Washer, Dryer |
Location
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Listing courtesy of Lamacchia Realty, Inc. — We Close Deals Team. 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 746-748 Alden St, Springfield MA 01109 have?
It is a 2-unit multi-family property with 1,820 sqft of living area, built in 1966.
How long has 746-748 Alden St, Springfield MA 01109 been on the market?
746-748 Alden St, Springfield MA 01109 has been listed for 27 days (since May 5, 2026).
What is the estimated cap rate on this 2-family in Springfield?
Based on area median rents, the estimated cap rate is about 6.9%, with a Signal Score of 98/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $329,900 across 2 units, that works out to roughly $164,950 per unit.
What are the property taxes on 746-748 Alden St, Springfield MA 01109?
Annual property taxes are $3,410 (2025), on an assessed value of $217,500.
What is the price per square foot?
At $329,900 for 1,820 sqft, that's about $181 per square foot.
Is there parking?
4 total parking spaces (paved drive, paved).
Where is this property located?
746-748 Alden St, Springfield MA 01109 is in Springfield, Hampden County, MA 01109.
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