Cash-flowing 4-family! A great fit for first-time homebuyers needing a vacant, rent-ready unit or long-term investors focused on steady income. With reliable cash flow, low operating expenses, and clear rent-growth potential, it delivers both immediate return and long-term upside. All four units are spacious 2-bed/1-bath layouts with separate utilities that are the tenants’ responsibility. All four units come with lead certificates, and the property is equipped with an alarm system, newer furnaces, newer electrical, dedicated off-street parking, and coin-operated laundry to boost revenue. A strong, stable building in a central location—ready for its next owner to step in and capitalize!
Sold for $520,000
$520,000
298 Oakland St, Springfield, MA 01108
8beds
3,924sqft
4 Family - 4 Units Up/Down
Built in 1900
-- sqft lot
$-- Zestimate®
$133/sqft
$1,661 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,661/mo
Zestimate® history
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$3,309/mo
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: February 03, 2026 at 12:19pm
Listed by:
Jessica Mekal 413-519-1423,
Lock and Key Realty Inc. 413-282-8080,
Jessica Mekal 413-519-1423
Bought with:
Marvin Carias Pineda
eXp Realty
Source: MLS PIN,MLS#: 73456525
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Features
- Basement: Concrete
- Has fireplace: No
Interior area
- Total structure area: 3,924
- Total interior livable area: 3,924 sqft
- Finished area above ground: 3,924
Property
Parking
- Total spaces: 4
- Parking features: Paved Drive, Shared Driveway, Off Street
- Uncovered spaces: 4
Features
- Patio & porch: Enclosed
Lot
- Size: 4,600 sqft
Details
- Parcel number: S:09210 P:0059,2598600
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 4 Family - 4 Units Up/Down
Materials
- Foundation: Block
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation
Location
- Region: Springfield
HOA & financial
Other financial information
- Total actual rent: 4100
Price history
| Date | Event | Price |
|---|---|---|
| 1/30/2026 | Sold | $520,000+4.2%$133/sqft |
Source: MLS PIN #73456525 Report a problem | ||
| 12/8/2025 | Contingent | $499,000$127/sqft |
Source: MLS PIN #73456525 Report a problem | ||
| 11/20/2025 | Listed for sale | $499,000+454.4%$127/sqft |
Source: MLS PIN #73456525 Report a problem | ||
| 9/16/1987 | Sold | $90,000$23/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,502 -1.1% | $350,900 +1.3% |
| 2024 | $5,565 +9.1% | $346,500 +15.8% |
| 2023 | $5,100 +15.6% | $299,100 +27.7% |
Find assessor info on the county website
Neighborhood: Forest Park
Nearby schools
GreatSchools rating
- 4/10Kensington International SchoolGrades: PK-5Distance: 0.2 mi
- 3/10Forest Park Middle SchoolGrades: 6-8Distance: 0.5 mi
- NALiberty Preparatory AcademyGrades: 9-12Distance: 0.4 mi
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- Massachusetts
- Hampden County
- Springfield
- 01108
- Forest Park
- 298 Oakland St