Investment Analysis — 104 Narragansett St

Welcome to 104 Narragansett Street, a spacious two-family property ideally located just steps from Baystate Medical Center. Offering an excellent combination of existing rental income, generous living space, and a highly convenient location, this property presents a unique opportunity for investors or owner-occupants.The first-floor apartment is currently occupied by a long-term tenant paying market rent, providing immediate rental income for the new owner. The expansive upper unit spans the second and third floors and features six generously sized bedrooms. Each level has its own full bathroom, with one located on the second floor and another on the third floor.With bedrooms and living space spread across two floors, the upper unit offers plenty of room and flexibility. For added convenience, it also includes in-unit washer and dryer hookups. The unit is currently furnished, and the furnishings may remain or be removed depending on the buyer’s preference and the agreed-upon terms of the sale.Each apartment has its own private porch or deck, providing both units with dedicated outdoor space. The property also features a large detached garage and a long driveway with plenty of off-street parking—an especially valuable feature in this convenient location.With its substantial size, established first-floor tenancy, oversized six-bedroom upper unit, private outdoor spaces, detached garage, ample parking, and exceptional proximity to Baystate Medical Center, 104 Narragansett Street is a compelling multifamily opportunity. Whether you are looking to expand your investment portfolio or occupy the spacious upper unit while collecting rent from the first floor, this distinctive Springfield property offers space, flexibility, and strong income-producing potential.