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58-60 Lester Street

Forest Park, Springfield, MA 01108
Open House Sat 5/10 11:00 - 1:00pm
1 of 20 Photos Map
$499,999
8 Beds
4 Baths
3,843 Living Area
  • Property Description
    Rare 4-Family Investment Opportunity in Great Forest Park Area, Springfield – Close to X! This well-maintained, turnkey 4-family home is a rare find in the desirable Forest Park neighborhood—perfect for investors or owner-occupants seeking strong cash flow. The property features two units per side, each offering 5 rooms and 2 bedrooms, providing flexible living arrangements and excellent rental potential. Highlights include: • Four newer gas forced hot air heating systems • Separate 100A electric panels and gas meters for each unit • Lead compliance certification for all units • Hardwood floors and charming front porches • W/D hook up in each unit • Two newer driveways (one on each side) • Spacious detached garage at the rear • Large, clean, full-size concrete basement Currently, the 1st floor units are occupied, while the 2nd floor units are vacant, offering immediate rental upside or move-in options. This is a solid, income-producing property in a strong rental market-don’t miss out!
  • Highlights
    • Area: Forest Park
    • Parking Spots: 6
    • Property Type: 4 Family
    • Total Rooms: 20
    • Status: Active
    • Levels: 6
    • Property Class: Residential Income
    • Stories: 6
    • Year Built: 1922
  • Additional Details
    • Basement: Full, Walk-Out Access, Unfinished
    • Exterior Features: Balcony
    • Foundation: Block
    • Road Frontage Type: Public
    • SqFt Source: Public Record
    • Year Built Details: Approximate
    • Zoning: R2
    • Construction: Frame
    • Flooring: Tile, Hardwood
    • Lot Features: Cleared, Level
    • Roof: Shingle
    • Total Number of Units: 4
    • Year Built Source: Public Records
  • Amenities
    • Community Features: Public Transportation, Shopping, Sidewalks
    • Parking Features: Paved Drive, Off Street, Paved
    • Covered Parking Spaces: 2
  • Utilities
    • Electric: 110 Volts, 100 Amp Service
    • Water Source: Public
    • Sewer: Public Sewer
  • Fees / Taxes
    • Assessed Value: $346,500
    • Compensation Based On: Net Sale Price
    • Taxes: $5,648
    • Buyer Agent Compensation: 2%
    • Tax Year: 2025
    • Total Rent: $2,400

Location

58-60 Lester Street, Springfield, MA 01108

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