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.5/28/2025Carew St35342$309,7674,724 Sq.Ft.5/21/2025Chestnut St40721$185,8288,037 Sq.Ft.5/28/2025Main St29783$357,25028,959 Sq.Ft.5/29/2025Nassau Dr33922$228,6511,068 Sq.Ft.5/30/2025Page Blvd27142$291,6844,524 Sq.Ft.5/6/2025Parker St30732$338,6552,832 Sq.Ft.4/9/2025State St35932$228,10216,614 Sq.Ft.5/13/2025Sumner Ave37552$332,1314,351 Sq.Ft.4/29/2025Wilbraham Rd33142$334,6814,341 Sq.Ft.5/30/2025All 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.4/15/2025Worthy 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.6/10/2022140 Chestnut St #P2Springfield, MA 01103
Estimated Value $123,000
Living Area 866 SqFt
Beds 2
Baths 1
Year Built 1910
Property Type Condominium
Ownership Type Corporate
APN SPRI S:02750 P:0701
Neighborhood Metro Center
School District Springfield School District
140 Chestnut St #316Springfield, MA 01103
Estimated Value $93,000
Living Area 510 SqFt
Beds 1
Baths 1
Year Built 1910
Property Type Condominium
Ownership Type Individual
APN SPRI S:02750 P:0611
Neighborhood Metro Center
School District Springfield School District
140 Chestnut St #510Springfield, MA 01103
Estimated Value $79,000
Living Area 630 SqFt
Beds 1
Baths 1
Year Built 1910
Property Type Condominium
Ownership Type Individual
APN SPRI S:02750 P:0640
Neighborhood Metro Center
School District Springfield School District
158 Chestnut St #2DSpringfield, MA 01103
Estimated Value $137,000
Living Area 895 SqFt
Beds 1
Baths 1
Year Built 1905
Property Type Condominium
Ownership Type Corporate
APN SPRI S:02750 P:1030
Neighborhood Metro Center
School District Springfield School District
140 Chestnut St #601Springfield, MA 01103
Estimated Value $94,000
Living Area 914 SqFt
Beds 2
Baths 2
Year Built 1910
Property Type Condominium
Ownership Type Multiple
APN SPRI S:02750 P:0649
Neighborhood Metro Center
School District Springfield School District
140 Chestnut St #820Springfield, MA 01103
Estimated Value $88,000
Living Area 690 SqFt
Beds 1
Baths 1
Year Built 1910
Property Type Condominium
Ownership Type Individual
APN SPRI S:02750 P:0699
Neighborhood Metro Center
School District Springfield School District
140 Chestnut St #202Springfield, MA 01103
Estimated Value $103,000
Living Area 725 SqFt
Beds 1
Baths 1
Year Built 1910
Property Type Condominium
Ownership Type Corporate
APN SPRI S:02750 P:0582
Neighborhood Metro Center
School District Springfield School District
158 Chestnut St #5ESpringfield, MA 01103
Estimated Value $107,000
Living Area 745 SqFt
Beds 1
Baths 1
Year Built 1905
Property Type Condominium
Ownership Type Individual
APN SPRI S:02750 P:1155
Neighborhood Metro Center
School District Springfield School District
13 Russell StWest Springfield, MA 01089
Estimated Value $231,000
Living Area 1,505 SqFt
Beds 3
Baths 1
Year Built 1908
Property Type Single Family
Ownership Type Individual
APN WSPR M:00463 B:24450 L:00019
Municipality WEST SPRINGFIELD
School District West Springfield School District
140 Chestnut St #104Springfield, MA 01103
Estimated Value $86,000
Living Area 532 SqFt
Beds 1
Baths 1
Year Built 1910
Property Type Condominium
Ownership Type Individual
APN SPRI S:02750 P:0579
Neighborhood Metro Center
School District Springfield School District
158 Chestnut St #3ASpringfield, MA 01103
Estimated Value $153,000
Living Area 950 SqFt
Beds 1
Baths 1
Year Built 1905
Property Type Condominium
Ownership Type Individual
APN SPRI S:02750 P:1055
Neighborhood Metro Center
School District Springfield School District
Maryland StSpringfield, MA 01101
Estimated Value $340,000
Living Area 2,442 SqFt
Beds 6
Baths 2
Year Built 1922
Property Type Unknown
Ownership Type Individual
APN SPRI S:08340 P:0039
Neighborhood Metro Center
School District Springfield School District
158 Chestnut St #6DSpringfield, MA 01103
Estimated Value $153,000
Living Area 895 SqFt
Beds 2
Baths 1
Year Built 1905
Property Type Condominium
Ownership Type Corporate
APN SPRI S:02750 P:1190
Neighborhood Metro Center
School District Springfield School District
140 Chestnut St #610Springfield, MA 01103
Estimated Value $89,000
Living Area 630 SqFt
Beds 1
Baths 1
Year Built 1910
Property Type Condominium
Ownership Type Related
APN SPRI S:02750 P:0657
Neighborhood Metro Center
School District Springfield School District
140 Chestnut St #815Springfield, MA 01103
Estimated Value $90,000
Living Area 510 SqFt
Beds 1
Baths 1
Year Built 1910
Property Type Condominium
Ownership Type Individual
APN SPRI S:02750 P:0695
Neighborhood Metro Center
School District Springfield School District
24 Globe StWest Springfield, MA 01089
Estimated Value $272,000
Living Area 1,274 SqFt
Beds 3
Baths 1
Year Built 1880
Property Type Single Family
Ownership Type Related
APN WSPR M:00275 B:06400 L:00017
Municipality WEST SPRINGFIELD
School District West Springfield School District