Active
7 Days on market

$429,900

91-93 Malden St, Springfield, MA 01108

Springfield, MA 01108

Beds

6

Baths

3

SqFt

2,902

Style

3 Family

Built

1924

Well-maintained multifamily property offering an excellent opportunity for both investors and owner-occupants. The property features three units, including a spacious first-floor unit with 3 bedrooms, a second-floor unit with 2 bedrooms, and a third-floor unit with 1 bedroom. Two units are currently vacant, providing a great opportunity for an owner-occupant or allowing a new investor to select tenants and establish market rents. The first-floor tenant currently rents the garage, providing additional income potential. With a strong rental layout, flexible occupancy options, and a history of good maintenance, this property is a great opportunity to generate income and build long-term equity.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$148/sqft
Local Avg (Springfield)$155/sqft
5% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Springfield, MA.

Property Details

Financials

Original Price$429,900
Annual Taxes$4,532

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms14
Fireplaces1
FlooringWood, Vinyl
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationStone
ZoningR2

Property & Lot

Acres0.12
SqFt Lot5,027
Lot FeaturesCorner Lot

Geography

Population

27,405

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$51K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

54.9%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Hampden County

359 housing units permitted in the last 12 months (+20% vs the prior 12 months) — 74 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Paul Hernandez

Listing Office: Five Stars Realty LLC

MLS® Number: 73571371

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