216 Pearl StreetSpringfield, MA 01105MLS Number 73076457

  • Price: $5,999,900
  • 121 Days on Market
$/month over payments
Federal 30-year interest rate: 6.79% last updated on Jun 1, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.99Acreage
  • 1914Year Built
  • $862,673Gross Income
  • 2022Tax Year

Driving Directions

ATTENTION APARTMENT INVESTORS!!! 216-226 Pearl Street consists of a total of 52 units (two adjacent buildings of 26 units each). $72k monthly rents (proforma). The building sits in the center of Springfield behind STCC; walking distance to downtown; and conveniently located with easy access to both the 291 and 91 freeways. Consists mostly of 2 and 3 bedroom units. Some tenants have mobile vouchers with local housing agencies and an 8-unit section of building is master leased (extended in Feb 2023 for 2 years). Tons of capital work put into this building - new roof (APO 2018); new heating systems; porch removals; nearly 50 units turned over; and much more. Offering Memorandum, Rent Roll, and Capital Expense list in attachments.
Listed by Zuleika Rivera, Robert Couture and Veronique Leroy of CP Property Group,LLC

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More Info

Basic Information

  • Contingency Pending P&S
  • Gross Income $862,673
  • Mls StatusUnder Agreement
  • Parcel Number S:09585 P:0140,4694555


  • Building Area Units Square Feet
  • Utilities Public Water, Public Sewer, Natural Gas Available
  • Year Built1914


  • Buyer Agency Compensation2
  • Date Listed02/05/2023
  • Farm Land Area Units Square Feet
  • Transaction Broker Compensation1
  • View Count18

Tax Information

  • Tax Year 2022
  • Taxes$29,845


  • Address216 Pearl Street
  • Building Number216
  • CountyHampden
  • StateMA
  • StreetPearl Street
  • TownSpringfield
  • Zip01105


  • Parking Spaces36

Basic Information

  • List Price$5,999,900
  • MLS Number73076457
  • Modification Date05/11/2023
  • Purchase Contract Date04/17/2023


  • Acreage0.99

Property Information

  • Lot Size Square Feet 43,180
  • Lot Size Units Acres
Taylor Real Estate
Taylor Real Estate
Office: 413-527-3375
4 Liberty Street, Suite A
Easthampton, MA 01027

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