Well-maintained multi-family opportunity offering strong income potential. This property features teo units with spacious layouts, separate utilities, and off-street parking. Conveniently located near shopping, public transportation, schools, and major routes. Ideal for investors or owner-occupants looking to build equity while generating rental income. Property offers solid bones with upside potential for increased rents or value-add improvements. Easy access to local amenities and highways. Don’t miss this opportunity to own a versatile income-producing property in a convenient Springfield location.
| Units | 2 |
| Living area | 2,670 sqft |
| Lot size | 4,792 sqft |
| Year built | 1922 |
| Price / sqft | $149 |
| County | Hampden |
| MLS # | 73493941 |
| Days on market | 62 days |
| Listed on | March 31, 2026 |
| Annual property tax | $3,405 |
| Tax year | 2024 |
| Assessed value | $212,000 |
| Zoning | R2 |
| Gross income (actual) | $15,000/yr |
| Net operating income (actual) | $15,000/yr |
| Total actual rent | $2,500/mo |
| Stories | 2 |
| Total rooms | 12 |
| Lot size | 0.11 acres |
| Garage spaces | 0 |
| Parking spaces | 5 |
| Parking | Paved Drive, Off Street |
| Foundation | Concrete Perimeter |
| Roof | Shingle |
| Construction | Conventional (2x4-2x6) |
| Flooring | Vinyl |
| Sewer | Public Sewer |
| Water | Public |
Listing courtesy of Naples Realty Group — Lino Carrasquillo. Listing data © MLS PIN.
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It is a 2-unit multi-family property with 2,670 sqft of living area, built in 1922.
485 Bay Street, Springfield MA 01109 has been listed for 62 days (since March 31, 2026).
Annual property taxes are $3,405 (2024), on an assessed value of $212,000.
At $399,000 for 2,670 sqft, that's about $149 per square foot.
5 total parking spaces (paved drive, off street).
485 Bay Street, Springfield MA 01109 is in Springfield, Hampden County, MA 01109.