38 Byers Street | 7BR/3BA Open House | $439,000
Multi-family for sale in Springfield MA with value-add potential. 3 units plus gutted 4th unit, 7 bedrooms, strong rental income near downtown and Union Station.
Event Overview
Join us at the open house for this compelling multi-family property for sale in Springfield’s Hill McKnight neighborhood, located at 38 Byers Street. Priced at $439,000, this three-family property (legally a four-family) offers approximately 2,888 square feet of living space, strong rental potential, and a rare opportunity for value-add investors.
The property features three existing units plus a gutted fourth unit, allowing buyers to increase income and maximize long-term returns. As outlined on the MLS sheet (page 1), Units 1 and 2 each offer three bedrooms and one bathroom, while an additional unit provides a two-bedroom layout, creating flexibility for tenants and rental strategies. Renovated units include granite countertops, stainless steel appliances, hardwood floors, and high ceilings with abundant natural light.
Currently generating income with one unit leased and a total gross potential of approximately $45,120 annually, this property presents a strong foundation for both investors and owner-occupants seeking supplemental rental income.
Located just minutes from Union Station, MGM Springfield, and Downtown Springfield, the property benefits from convenient access to transportation, employment centers, and entertainment.
Join us this Saturday from 12:00 PM to 4:00 PM. Hosted by Lincoln Peart.
What You’ll Love About This Property
- Multi-Family Investment Property (3 Units + 4th Value-Add Unit)
- 7 Total Bedrooms Across Flexible Layouts
- Approximately 2,888 Sq Ft of Living Space
- Renovated Units with Granite & Stainless Steel Kitchens
- High Ceilings & Large Windows for Natural Light
- Strong Rental Potential (~$45K+ Annual Gross)
- Gutted Unit Offering Upside & Added Income Opportunity
- Hardwood Floors Throughout Units
- Close to Union Station & Downtown Springfield
- Minutes to MGM Springfield & Major Amenities
Springfield continues to present attractive opportunities for investors seeking affordability, rental demand, and long-term growth potential. With proximity to downtown, transit hubs, and major attractions, properties like this offer both immediate income and future upside.
With its mix of renovated units, income potential, and expansion opportunity, 38 Byers Street presents a rare chance to acquire a value-add multi-family asset in Springfield.
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