This incredible cash-flowing triplex on Belmont Ave in Springfield is close to everything, and is a great opportunity for a buy-and-hold investor, or an owner-occupant! First floor, which is a three-bedroom, two-bathroom unit, will be vacant at closing, and with several updates, a large backyard, a great garage for the new owner, and paying tenants, this is the property for you. Second floor is three-bedroom, two-bathroom unit, rented at $1875/month. Third floor is two-bedroom, one-bathroom unit, rented out for $825/month. Owner pays electric & electric heat for whole building ($750/month in summer months, $1800/month in winter months), for personal reasons. Age of the systems is mostly unknown, but all operational, and no systems need to be updated immediately (APO). Property will likely pass FHA & VA Financing Options.
Sold
$375,000
438 Belmont Ave, Springfield, MA 01108
8beds
3,869sqft
3 Family
Built in 1909
-- sqft lot
$458,300 Zestimate®
$97/sqft
$1,857 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: October 05, 2023 at 04:58am
Listed by:
The Generation Group,
Coldwell Banker Realty - Western MA,
Jack Watson
Bought with:
Silverio Estates Group
Century 21 North East
Source: MLS PIN,MLS#: 73151180
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Has Heating (Unspecified Type)
Appliances
- Laundry: Washer Hookup
Features
- Flooring: Wood, Vinyl
- Basement: Full,Interior Entry,Unfinished
- Number of fireplaces: 1
Interior area
- Total structure area: 3,869
- Total interior livable area: 3,869 sqft
Property
Parking
- Total spaces: 6
- Parking features: Paved Drive, Off Street, Paved
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Fencing: Fenced/Enclosed
Lot
- Size: 6,434 sqft
- Features: Level
Details
- Parcel number: S:01235 P:0089,2573323
- Zoning: B1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Frame
- Foundation: Block, Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1909
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School
Location
- Region: Springfield
HOA & financial
Other financial information
- Total actual rent: 2800
Other
Other facts
- Road surface type: Paved
Services availability

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$458,300
2% more+ $9,166
With Zillow Showcase(estimated)
$467,466