Introducing a rare investment opportunity in the heart of Springfield, MA—18-24 Coomes Street, a well-maintained 16-unit multifamily property offering strong cash flow and significant long-term value. This property features all three-bedroom, one-bath units, providing a highly desirable layout for tenants and ensuring steady demand in a competitive rental market. Fourteen of the sixteen units have been completely renovated with modern finishes, updated kitchens and bathrooms, new flooring, and fresh paint throughout, creating a turnkey opportunity for investors.Currently grossing over $30,000 per month in rental income, this property is a high-performing asset with upside potential as the remaining two units are brought up to renovated standards. Professionally managed and stabilized, 18-24 Coomes Street is a perfect addition to any portfolio, whether you're a seasoned investor or completing a 1031 exchange. This property also includes 3 parcels.
For sale
$2,600,000
18-24 Coomes St, Springfield, MA 01108
48beds
16,000sqft
Est.:
5+ Family - 5+ Units Up/Down
Built in 1915
-- sqft lot
$-- Zestimate®
$163/sqft
$-- HOA
What's special
Modern finishesUpdated kitchens and bathroomsNew flooring
- 3 days
- on Zillow |
- 582 |
- 26 |
Zillow last checked: 7 hours ago
Listing updated: April 23, 2025 at 02:17pm
Listed by:
Andrew Rodman,
Lock and Key Realty Inc.
Source: MLS PIN,MLS#: 73363700
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 48
- Bathrooms: 16
- Full bathrooms: 16
Features
- Flooring: Vinyl
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 16,000
- Total interior livable area: 16,000 sqft
- Finished area above ground: 16,000
Property
Parking
- Total spaces: 10
- Parking features: Paved Drive, Off Street, Paved
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch
Lot
- Size: 10,098 Square Feet
Details
- Parcel number: S:03185 P:0004
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Brick
- Foundation: Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Medical Facility, Laundromat, Highway Access, House of Worship, Public School
Location
- Region: Springfield
Financial & listing details
- Price per square foot: $163/sqft
- Tax assessed value: $1,604,000
- Annual tax amount: $25,150
- Date on market: 4/23/2025
- Total actual rent: 8190
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