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$570,000
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Property Description
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.
Full Property Details
Full Property Details for 55-59 Margaret St
General
- Sold For: $570,000
- Taxes: $6,430 (2025)
- Status: Closed
- Type: Multi-Family
- Source: MLSPin
- MLS ID: 73514166
- Added to Site: 112 day(s) ago
Rental Information
- Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Interior
- Number of Rooms: 19
- Interior Features: Ceiling Fan(s), Pantry, Bathroom With Tub & Shower, Lead Certification Available, Living Room, Kitchen
- Appliances: Range, Refrigerator
- Flooring: Wood, Tile, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
- Main - Full Baths: 4
Bedrooms
- Total Bedrooms: 11
Additional Information
- Year Round: Yes
Exterior
- Color: Grey
Location
- Area: So End Central
- County: Hampden
- Driving Directions: Use GPS
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: Electric, Natural Gas
- Heating Fuel: Electric, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Connection for Gas Range, Connection for Electric Range
Structural Information
- Exterior Const.: Frame
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Shingle
- Stories/Levels: 4
- Square Feet: 4,500
- Sq. Ft. Source: Public Records
- Living Area: 4,500 Sq. Ft.
- Year Built: 1923
Lot Features
- Lot Size (Acres): 0.09
- Lot Dimensions: .09
- Street/Road Desc.: Paved
- Lot Features: Cleared, Level
Financial Considerations
- Price Per Sq. Ft.: $126.67
- Tax Amount: $6,430
- Tax Year: 2025
Disclosures and Reports
- Property ID: S:08255 P:0056, 2594249
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Schools
Schools serving 55-59 Margaret St
School District:Springfield School District
| Name | Grades | Distance |
|---|---|---|
White Street School 300 White Street, Springfield, MA 01108 | K-5 | 1.6 mi |
Springfield Public Day Elementary School 34 Nye Street, Springfield, MA 01104 | K-5 | 1.7 mi |
Alfred G Zanetti School 474 Armory Street, Springfield, MA 01104 | PK-8 | 1.7 mi |
South End Middle School 36 Margaret Street, Springfield, MA 01105 | 6-8 | 0.1 mi |
Springfield Public Day Middle School, Springfield, MA 732 Chestnut Street, Springfield, MA 01107 | 6-8 | 2 mi |
Springfield Public Day Middle School, Springfield, MA 732 Chestnut Street, Springfield, MA 01107 | 6-8 | 2 mi |
High School Of Commerce 415 State Street, Springfield, MA 01105 | 9-12 | 0.8 mi |
Liberty Preparatory Academy Alderman Bldg 37 Alderman Str, Springfield, MA 01108 | 9-12 | 1.4 mi |
Springfield High School Dickenson Bldg 37 Alderman St, Springfield, MA 01108 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 55-59 Margaret St
Date
Details
Price
Change
Source
8/04/2026
Sold
$570,000
-1.71%
MLS
5/25/2026
Price Reduced
$579,900
-3.35%
MLS
5/06/2026
Listed
$599,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
55-59 Margaret St, Springfield, MA 01105 (MLS# 73514166) is a Multi-Family property that was sold at $570,000 on August 04, 2026. This property was listed by Ashley Jones from our Western Massachusetts Office.Want to learn more about 55-59 Margaret St? Do you have questions about finding other Multi-Family real estate for sale in Springfield? You can browse all Springfield real estate or contact a Coldwell Banker agent to request more information.


