Springfield, Massachusetts is widely known as the "City of Firsts,” and is undergoing revitalization, with ongoing development projects breathing new life into the area. This transformation creates a chance to get in on the ground floor, investing in a market that is poised for growth. The potential for appreciation and strong rental income makes Springfield an exciting option for investors.
Beyond its revitalization efforts, Springfield also boasts a strong sense of community and rich cultural heritage. These appealing elements are attracting young professionals and families who want a vibrant, yet affordable place to live. This growing demand for quality housing creates a perfect environment for rental properties.
Springfield's affordability is another positive factor to consider. Compared to other areas in Massachusetts, property values in Springfield remain relatively accessible. This opens doors for investors with a variety of budgets, and allows for the potential for higher returns on investment. With careful planning and property selection, Springfield can be a springboard for building a strong and profitable real estate portfolio.
Popular Streets in Springfield, Massachusetts
Allen St31042$317,7293,360 Sq.Ft.6/10/2025Carew St35342$309,7674,724 Sq.Ft.6/11/2025Chestnut St40721$185,8288,037 Sq.Ft.5/28/2025Main St29783$357,25028,959 Sq.Ft.5/29/2025Nassau Dr33922$228,6511,068 Sq.Ft.6/18/2025Page Blvd27142$291,6844,524 Sq.Ft.5/6/2025Parker St30732$338,6552,832 Sq.Ft.4/9/2025State St35932$228,10216,614 Sq.Ft.6/9/2025Sumner Ave37552$332,1314,351 Sq.Ft.6/6/2025Wilbraham Rd33142$334,6814,341 Sq.Ft.6/3/2025All Streets in Springfield, Massachusetts
Woodstock St621$268,5001,163 Sq.Ft.2/4/2025Worcester Ave2452$382,2083,534 Sq.Ft.9/16/2024Worcester St1732$443,000100,120 Sq.Ft.12/10/1992Worthington St13983$361,04410,182 Sq.Ft.6/20/2025Worthy St2031$286,6321,371 Sq.Ft.7/11/2024Wrentham Rd6032$304,0181,599 Sq.Ft.4/24/2024Wrenwood St2231$321,3641,155 Sq.Ft.3/5/2025W St1N/AN/AN/AN/AN/AYale St3952$282,4862,243 Sq.Ft.5/19/2025Yamaska Rd1032$347,4001,433 Sq.Ft.9/29/2020York St512N/A$346,0006,886 Sq.Ft.4/20/2021Yorktown Dr10521$265,900927 Sq.Ft.10/30/2024Yorktown Dr Ss311N/A693 Sq.Ft.8/12/2016Zephyr Ln1031$319,1001,165 Sq.Ft.6/10/2022235 State St #117Springfield, MA 01103
Estimated Value $227,000
Living Area 1,107 SqFt
Beds 2
Baths 1
Year Built 1899
Property Type Condominium
Ownership Type Individual
APN SPRI S:11110 P:0780
Neighborhood Metro Center
School District Springfield School District
235 State St #312Springfield, MA 01103
Estimated Value $152,000
Living Area 852 SqFt
Beds 1
Baths 1
Year Built 1899
Property Type Condominium
Ownership Type Mixed
APN SPRI S:11110 P:0985
Neighborhood Metro Center
School District Springfield School District
235 State St #416Springfield, MA 01103
Estimated Value $220,000
Living Area 1,180 SqFt
Beds 1
Baths 1
Year Built 1899
Property Type Condominium
Ownership Type Individual
APN SPRI S:11110 P:1155
Neighborhood Metro Center
School District Springfield School District
235 State St #315Springfield, MA 01103
Estimated Value $234,000
Living Area 1,276 SqFt
Beds 2
Baths 1
Year Built 1899
Property Type Condominium
Ownership Type Individual
APN SPRI S:11110 P:1000
Neighborhood Metro Center
School District Springfield School District
235 State St #114Springfield, MA 01103
Estimated Value $236,000
Living Area 1,235 SqFt
Beds 2
Baths 1
Year Built 1899
Property Type Condominium
Ownership Type Multiple
APN SPRI S:11110 P:0765
Neighborhood Metro Center
School District Springfield School District
235 State St #420Springfield, MA 01103
Estimated Value $228,000
Living Area 1,145 SqFt
Beds 2
Baths 1
Year Built 1899
Property Type Condominium
Ownership Type Individual
APN SPRI S:11110 P:1175
Neighborhood Metro Center
School District Springfield School District
235 State St #501Springfield, MA 01103
Estimated Value $251,000
Living Area 1,544 SqFt
Beds 2
Baths 2
Year Built 1899
Property Type Condominium
Ownership Type Related
APN SPRI S:11110 P:1230
Neighborhood Metro Center
School District Springfield School District
140 Chestnut St #402Springfield, MA 01103
Estimated Value $103,000
Living Area 725 SqFt
Beds 1
Baths 1
Year Built 1910
Property Type Condominium
Ownership Type Individual
APN SPRI S:02750 P:0616
Neighborhood Metro Center
School District Springfield School District
235 State St #104Springfield, MA 01103
Estimated Value $202,000
Living Area 832 SqFt
Beds 1
Baths 1
Year Built 1899
Property Type Condominium
Ownership Type Individual
APN SPRI S:11110 P:0715
Neighborhood Metro Center
School District Springfield School District
70 Chestnut St #505Springfield, MA 01103
Estimated Value $136,000
Living Area 440 SqFt
Beds 1
Baths 1
Year Built 1927
Property Type Condominium
Ownership Type Corporate
APN SPRI S:02750 P:0884
Neighborhood Metro Center
School District Springfield School District
235 State St #322Springfield, MA 01103
Estimated Value $240,000
Living Area 919 SqFt
Beds 1
Baths 1
Year Built 1899
Property Type Condominium
Ownership Type Individual
APN SPRI S:11110 P:1035
Neighborhood Metro Center
School District Springfield School District
70 Chestnut St #207Springfield, MA 01103
Estimated Value $96,000
Living Area 455 SqFt
Beds 1
Baths 1
Year Built 1927
Property Type Condominium
Ownership Type Corporate
APN SPRI S:02750 P:0810
Neighborhood Metro Center
School District Springfield School District
235 State St #228Springfield, MA 01103
Estimated Value $190,000
Living Area 796 SqFt
Beds 1
Baths 1
Year Built 1899
Property Type Condominium
Ownership Type Individual
APN SPRI S:11110 P:0920
Neighborhood Metro Center
School District Springfield School District
235 State St #409Springfield, MA 01103
Estimated Value $236,000
Living Area 1,054 SqFt
Beds 1
Baths 1.5
Year Built 1899
Property Type Condominium
Ownership Type Individual
APN SPRI S:11110 P:1120
Neighborhood Metro Center
School District Springfield School District
235 State St #105Springfield, MA 01103
Estimated Value $210,000
Living Area 1,010 SqFt
Beds 1
Baths 1
Year Built 1899
Property Type Condominium
Ownership Type Individual
APN SPRI S:11110 P:0720
Neighborhood Metro Center
School District Springfield School District
235 State St #325Springfield, MA 01103
Estimated Value $223,000
Living Area 977 SqFt
Beds 2
Baths 2
Year Built 1899
Property Type Condominium
Ownership Type Corporate
APN SPRI S:11110 P:1050
Neighborhood Metro Center
School District Springfield School District