Active
60 Days on market
51-53 Leyfred Ter Springfield — Photo 1 of 38

51-53 Leyfred Ter Springfield — Photo 1 of 38

$450,000

51-53 Leyfred Ter, Springfield, MA 01108

Springfield, MA 01108

Investor Analysis

Beds

6

Baths

3

SqFt

3,056

Style

3 Family

Built

1908

*OPEN HOUSE CANCELLED* Excellent opportunity for both owner-occupants and investors in the desirable Forest Park neighborhood! This well-maintained 3-family features a vacant 2nd-floor unit, offering the perfect opportunity to move in while collecting rental income or lease all three units for maximum cash flow. The property offers spacious layouts, separate utilities, off-street parking, and convenient access to shopping, restaurants, parks, schools, public transportation, and major highways. A true cash cow, with projected market rents of approximately $1,750 per unit, offering strong income potential, upside, and the ability to meet the coveted 1% rule. Ask about down payment assistance programs up to $50,000 for qualified buyers and 3% down financing with no PMI. Don't miss this incredible opportunity—schedule your private showing today!

Open Houses

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$147/sqft
Local Avg (Springfield)$153/sqft
4% BelowMarket Average

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

Property Details

Financials

Original Price$450,000
Annual Taxes$3,423

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms14
FireplacesNone
Flooring--
BasementFull, Unfinished

Climate & Utilities

HeatingNatural Gas
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBrick/Mortar
ZoningR2

Property & Lot

Acres0.16
SqFt Lot6,861
Lot Features--

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Laundromat • Highway Access • Public School

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: Johnny Long

Listing Office: PRIVI Realty LLC

MLS® Number: 73550413

Browse More Homes in Springfield

Explore other active listings in the area.