127 Dickinson St, Springfield, MA 01108 – 73469357

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Kate Ziegler

kate@arborviewcompanies.com +1(610) 780-8764

$459,000

Est. payment - /mo

7 Beds

4 Baths

7,290 SqFt

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Key Details

Property Type Multi-Family

Sub Type 4 Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,290 sqft

Price per Sqft $62

MLS Listing ID 73469357

Bedrooms 7

Full Baths 4

Year Built 1909

Annual Tax Amount $4,956

Tax Year 2024

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type 4 Family

Property Description

RARE 10.8% CAP RATE - 16% CASH ON CASH 4-UNIT INVESTMENT IN FOREST PARK. Presenting a premier high-yield asset at 127 Dickinson St, a 4-unit residential portfolio offering immediate double-digit returns. This legal 4-family features four spacious 2-bedroom/1-bath units, providing a robust unit mix for the Springfield market. The building has undergone significant capital improvements, including updated electrical (circuit breakers), plumbing, and newer hot water heaters. Interiors feature refreshed kitchens, updated flooring, and fresh paint in 2 of 4 units. While currently stabilized, an identified 17% rental upside exists by transitioning current rents to market levels. Situated on a prominent corner lot in the Forest Park neighborhood. Features include 4 dedicated off-street parking spaces, private porches for each unit, and a fenced-in yard. Separated utilities (Natural Gas & Electric). This asset delivers on every metric. Full underwriting package available upon request.

Location

State MA

County Hampden

Area Forest Park

Zoning R3

Direction Dickinson Street

Rooms

Basement Full, Unfinished

Interior

Heating Electric, Natural Gas

Cooling None

Exterior

Community Features Public Transportation, Shopping, Park, Medical Facility, Highway Access, Public School

Roof Type Shingle

Total Parking Spaces 2

Garage No

Building

Lot Description Corner Lot

Story 4

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by William Pitt Sotheby's International Realty

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Kate Ziegler

+1(610) 780-8764

Broker Associate | License ID: 9577283

Broker Associate License ID: 9577283

127 Dickinson St Springfield, MA 01108

Kate Ziegler

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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