Pending

Price cut: $20.1K (5/25)

$579,900

55-59 Margaret St, Springfield, MA 01105

11beds

4,500sqft

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4 Family

Built in 1923

-- sqft lot

$460,400 Zestimate^®

$129/sqft

$-- HOA

What's special

Great investment opportunity! This well-maintained 4-unit building offers 11 bedrooms and strong income potential. There will be one vacant unit at closing! The other units have reliable tenants, so it provides immediate cash flow. Each unit has separate utilities, helping keep owner expenses low. With stable occupancy, solid rental history, and potential for future rent growth, this is an excellent opportunity to secure a high-performing, income-producing asset. Well cared for and consistently maintained, this property presents a turnkey opportunity for both seasoned investors and those looking to grow their portfolio. There is also potential to expand the attic, offering added value and additional possibilities. Conveniently located near local amenities, shopping, dining, and transportation, making it highly attractive for renters.

54 days

577

31

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 11
Bathrooms: 4
Full bathrooms: 4

Heating

Electric, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Range, Refrigerator

Features

Ceiling Fan(s), Pantry, Bathroom With Tub & Shower, Lead Certification Available, Living Room, Kitchen
Flooring: Wood, Tile, Vinyl
Basement: Unfinished
Has fireplace: No

Interior area

Total structure area: 4,500
Total interior livable area: 4,500 sqft
Finished area above ground: 4,500

Property

Features

Patio & porch: Porch, Deck - Wood

Lot

Size: 4,025 Square Feet
Features: Cleared, Level

Details

Parcel number: S:08255 P:0056,2594249
Zoning: R3

Construction

Type & style

Home type: MultiFamily
Property subtype: 4 Family

Materials

Frame
Foundation: Brick/Mortar
Roof: Shingle

Condition

Year built: 1923

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range, for Electric Range

Community & HOA

Community

Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, University

Location

Region: Springfield

Financial & listing details

Price per square foot: $129/sqft
Tax assessed value: $386,300
Annual tax amount: $6,430
Date on market: 5/7/2026
Total actual rent: 6350
Road surface type: Paved

Estimated market value

$460,400

$414,000 - $511,000

$1,759/mo

Price history

Date	Event	Price
6/25/2026	Pending sale	$579,900$129/sqft
Source: MLS PIN #73514166 Report a problem
5/25/2026	Price change	$579,900-3.3%$129/sqft
Source: MLS PIN #73514166 Report a problem
5/6/2026	Listed for sale	$599,999+35.2%$133/sqft
Source: MLS PIN #73514166 Report a problem
1/8/2025	Sold	$443,877-0.9%$99/sqft
Source: MLS PIN #73302353 Report a problem
10/15/2024	Listed for sale	$448,000+28.7%$100/sqft
Source: MLS PIN #73302353 Report a problem
11/28/2020	Listing removed	$348,000$77/sqft
Source: Real Living Realty Professionals #72708611 Report a problem
9/28/2020	Price change	$348,000-0.3%$77/sqft
Source: Real Living Realty Professionals #72708611 Report a problem
9/12/2020	Price change	$349,000-0.3%$78/sqft
Source: Real Living Realty Professionals #72708611 Report a problem
8/12/2020	Listed for sale	$349,900+9.4%$78/sqft
Source: Real Living Realty Professionals, LLC #72708611 Report a problem
4/1/2020	Listing removed	$319,900$71/sqft
Source: Real Living Realty Professionals #72601463 Report a problem
3/16/2020	Listed for sale	$319,900$71/sqft
Source: Real Living Realty Professionals #72601463 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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