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You are here:
Home Massachusetts Springfield Multi-Family Homes for Sale

298 Oakland St Springfield, MA 01108

$499,000
4 Unit
8 Beds
4 Baths
3924 SQFT
0.11 Acre
298 Oakland St
Springfield, MA 01108

Property Description

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!

Property Overview

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 8
  • Total Full Baths: 4
  • Amenities: Public Transportation
  • Basement Features: Concrete Floor

Financial

  • APOD Available: No
  • Gross Operating Income: 47400
  • Net Operating Income: 47400

Utilities

  • Heat Zones: 4
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 4 Family - 4 Units Up/Down
  • Foundation Info: Concrete Block
  • Lead Paint: None
  • Warranty: No

Other Information

  • MLS ID# 73456525
  • Last Updated: 11/23/25

Date Event Price Price/Sq Ft Source
11/23/2025Active$499,000$127MLSPIN
11/19/2025New$499,000$127MLSPIN

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View Breakdown

Map & Resources

Kensington International School

Public Elementary School, Grades: PK-5

0.17mi

Elias Brookings School

Public School, Grades: K - 8

0.37mi

Elias Brookings School

Public Elementary School, Grades: PK-5

0.4mi

Springfield High School

Public Secondary School, Grades: 9-12

0.41mi

Liberty Preparatory Academy

Public Secondary School, Grades: 9-12

0.41mi

Springfield College

University

0.47mi

Springfield Realization Academy

Public Middle School, Grades: 6-8

0.51mi

Forest Park Middle School

Public Middle School, Grades: 6-8

0.51mi

The Plaza Bar

Bar

1.24mi

Knox Bar

Bar

1.28mi

TAP Sports Bar

Bar

1.28mi

Commonwealth Bar and Lounge

Bar

1.3mi

White Lion Brewery

Bar

1.64mi

Smith's Billiards

Bar

1.68mi

Deweys

Bar

1.68mi

Starbucks

Coffee Shop

1.14mi

Dakin Humane Society

Animal Shelter

1.07mi

Vibra Hospital of Western Massachusetts

Hospital

1.93mi

Mercy Medical Center

Hospital

2.08mi

Shriners Hospitals for Children - Springfield

Hospital. Speciality: Paediatric Orthopaedics

2.38mi

Springfield College Public Safety

Police

0.54mi

Springfield Police Metro Unit Substation

Police

1.33mi

Springfield Police Dept

Police

1.56mi

Hampden County Sheriff

Police

1.86mi

State Police Springfield

State Police

2.15mi

The Zoo in Forest Park & Education Center

Zoo

1.16mi

Fuller Arts Center

Arts Centre

0.53mi

Karen Sprague Cultural Arts Center

Arts Centre

1.42mi

Regal MGM Springfield

Cinema

1.21mi

MassMutual Center Convention Center

1.39mi

Naismith Memorial Basketball Hall of Fame

Museum

1.1mi

Springfield Armory Museum

Museum

1.33mi

George Walter Vincent Smith Art Museum

Museum

1.33mi

Henry A. Butova & Metcalf Gymnasiums

Fitness Centre

1.74mi

Archie Allen Baseball Field - Ability Field

Sports Centre. Sports: Baseball

0.76mi

Appleton Tennis Courts

Sports Centre. Sports: Tennis

0.79mi

Blake Arena

Sports Centre. Sports: Basketball

0.84mi

James Naismith Court

Sports Centre. Sports: Basketball

0.86mi

Art Linkletter Natatorium

Sports Centre. Sports: Swimming

0.89mi

Stagg Field

Sports Centre. Sports: American Football

0.92mi

MassMutual Center Ice Rink

Sports Centre. Sports: Ice Hockey, Basketball

1.37mi

Entry Dingle

Municipal Park

1.38mi

Garvey Promontory

Municipal Park

1.82mi

Oakland St. Park

Municipal Park

0.05mi

Stebbins Park

Municipal Park

0.25mi

Ruth Elizabeth Park

Municipal Park

0.32mi

Harriet Tubman Park

Municipal Park

0.35mi

Edward J Murphy Park

Municipal Park

0.47mi

Forest Park

Municipal Park

0.58mi

TAP Bowling & Arcade

Bowling Alley

1.26mi

Winchester Square

Recreation Ground

1.23mi

Sprigfield Yacht & Canoe Club

Recreation Ground

1.46mi

Roady's Truck Stops

Gas Station

1.04mi

Sunoco

Gas Station

1.04mi

Forest Park Branch Springfield City Library

Library

0.45mi

Babson Library

Library

0.72mi

Springfield City Library

Library

0.96mi

Mason Square Branch Springfield City Library

Library

1.18mi

Edward J. And Gena G. Hickox Library

Library

1.26mi

Springfield City Library

Library

1.31mi

Food Zone

Supermarket

0.33mi

Bob’s Discount Furniture

Furniture

1.83mi

Walgreens

Pharmacy

0.58mi

Walgreens

Pharmacy

0.61mi

CVS Pharmacy

Pharmacy

1.27mi

Tower Square Mall

Mall

1.65mi

Seller's Representative: The Madison Team, Lock and Key Realty Inc.
MLS ID#: 73456525

© 2025 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-11-23 04:05:00