OPEN SAT, 12PM TO 1:30PM

For sale

$349,000

Est. $2,473/mo —

•

1,800

sq ft

248 Lyman St, Holyoke, MA 01040

About this home

Great opportunity for first-time homebuyers or investors! This beautifully updated two-family home offers comfort, flexibility, and income potential in a convenient location. The first-floor unit is currently generating rental income, while the second-floor unit is vacant and ready for its next owner or tenant. Recent improvements include newer windows, a newer roof, and updated electrical with recessed lighting throughout. Both apartments feature an open-concept layout, creating a spacious and inviting feel. The second-floor unit also offers a spiral staircase leading to two additional finished rooms, providing extra space for a home office, recreation room, or other uses. A two-car garage adds valuable parking and storage. Live in one unit while collecting rental income from the other, or add this versatile property to your investment portfolio. An excellent opportunity to build equity while enjoying the benefits of a well-maintained, updated two-family home!

Multi-familyProperty Type

1890Year Built

3,023 sq ftLot Size

$194Price/Sq.Ft.

2 garage spacesParking

Listed by New Homes Realty Group • Gallagher Real Estate

Listed by Paulo Villegas • Gallagher Real Estate

Listing updated: Nov 2, 2026 at 06:05pm

Redfin checked: a few seconds ago

•Source:MLS PIN #73597795

Payment calculator

$2,473 per month

Principal and interest$1,881

Property taxes

$540

HOA dues

Home insurance

$52

Utilities

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See this home in person

Open houses

Saturday, Nov 7

12:00pm - 1:30pm

Sunday, Nov 8

1:00pm - 2:00pm

Nearby open houses (10)

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5 Mowry Ave, Holyoke, MA 01040
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OPEN SAT, 10:30AM TO 12PM3D WALKTHROUGH
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3 beds1 bath1,240 sq ft
30 Saint Jacques, Chicopee, MA 01020
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OPEN SAT, 11AM TO 12:30PM
$464,999
5 beds2.5 baths2,456 sq ft
123 Springfield St, Chicopee, MA 01013
8,976 sq ft lot • 6 parking spots • Built 1800
OPEN SAT, 12PM TO 1:30PM3D WALKTHROUGH
$289,000
3 beds1 bath1,206 sq ft
125 Ithaca St, Springfield, MA 01118
6,251 sq ft lot • 2 garage spots • Built 1948
OPEN SAT, 12PM TO 1:30PM
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3 beds2 baths1,075 sq ft
141 Shawmut St, Springfield, MA 01108
5,001 sq ft lot • Garage • Built 1951
OPEN SAT, 1PM TO 3PM
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4 beds3 baths2,137 sq ft
3 Glen St, Holyoke, MA 01040
4,051 sq ft lot • Garage • Built 1923
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151 Packard Ave, Springfield, MA 01089
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OPEN SUN, 11AM TO 1PM
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9 Steven Dr, South Hadley, MA 01075
0.9 acre lot • 2 garage spots • Built 1974
OPEN SUN, 12:30PM TO 2PM
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122 Hartford Ter, Springfield, MA 01118
6,251 sq ft lot • Garage • Built 1947

Around this home

Schools

K - 12
Preschool & daycare

Kelly Elementary School

Public PreK-5 • Assigned • 0.8mi

2/10

Lt Clayre Sullivan Elementary School

Public 6-8 • Assigned • 1.9mi

3/10

Holyoke High School

Public 9-12 • Assigned • 1.0mi

2/10

Provided by GreatSchools

About Downtown

Holyoke

Downtown Holyoke, located between the Connecticut River and Mount Tom, is a historic and walkable Holyoke neighborhood with brick mill architecture and a canal-lined street grid. The neighborhood’s character concentrates around High Street and Dwight Street, where coffee counters, small galleries, and longtime storefronts keep the sidewalks active. Wistariahurst Museum anchors local history in a grand estate setting, while Gateway City Arts sets the tone for live music and performances. The Holyoke Merry-Go-Round adds a classic, hands-on cultural stop. Converted industrial blocks and civic buildings frame a compact, urban rhythm. Canalwalk segments and pocket parks thread green breaks through the downtown blocks.

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Insulated windows
Full basement

Bathrooms
2 full bathrooms

Flooring
Wood flooring

Sale and tax history for 248 Lyman St

Sale History
Tax History

Date

Event

Price

MLS PIN #73597795

Nov 2, 2026

Listed

$349,000

$194/sq ft

MLS PIN #72812450

May 28, 2021

Sold

$300,000

$167/sq ft

Apr 14, 2021

Contingent

—

Apr 9, 2021

Listed

$275,000

$153/sq ft

+25

This Home has been completely renovated and is fully vacant & ready for you to move right in ! Features include an Open Floor plan with in unit Laundry and second floor unit has additional finished rooms on the third floor. Stainless steel appliances & recessed lighting add some great finishing touches. Property also has a fenced yard and a two car garage & showings been on Sunday 11th at Open House from 12-2

MLS PIN #72590140

Mar 13, 2020

Sold

$55,000

$31/sq ft

Nov 7, 2019

Listed

$60,000

$33/sq ft

+21

BACK ON MARKET!! GREAT SPACIOUS 2-UNIT ON A CORNER LOT WITH ENCLOSED BACKYARD! GOOD INCOME PRODUCER WITH 2-CAR GARAGE IN SUPER CONVENIENT LOCATION CLOSE TO MAIN ARTERIES AND COMMERCIAL AMENITIES! HUD Home. Sold “AS-IS” by electronic bid only. Property available 11-22-19. ONLINE BIDDING DAILY to 11:59 PM Central Time until sold. FHA Case: #251-355352. UK (Uninsurable). Eligible for FHA 203k. Financing terms: FHA , CASH, and CONVENTIONAL. SELLER DISCLOSURES and LBP addenda attached. Buyer to verify all info. Please make an appointment to view this home with a Real Estate Agent or Broker of your choice.

MLS PIN #30795285

May 12, 2004

Sold

$99,900

$56/sq ft

Dec 5, 2003

Listed

$119,900

$67/sq ft

MLS PIN #30527988

Aug 30, 2002

Sold

$71,000

$39/sq ft

Jul 30, 2001

Listed

$74,999

$42/sq ft

Year

Property tax

Land + Additions

Assessment*

2023

$5,071 (+36.6%)

$29,000 + $241,300

$270,300

2022

$3,711 (+14.6%)

$29,000 + $163,700

$192,700

2021

$3,237 (+8.0%)

$27,200 + $140,800

$168,000

2020

$2,997 (+1.6%)

$27,200 + $129,900

$157,100

2019

$2,949 (+6.9%)

$27,900 + $125,000

$152,900

2018

$2,759 (−0.2%)

$27,900 + $116,300

$144,200

2017

$2,764 (+4.9%)

$27,900 + $116,300

$144,200

2016

$2,635 (+0.4%)

$26,400 + $111,400

$137,800

2015

$2,624

$26,400 + $111,400

$137,800

2014

$2,624 (+5.2%)

$26,400 + $111,400

$137,800

2013

$2,494 (+6.3%)

$26,400 + $109,500

$135,900

2012

$2,347 (+8.0%)

$26,400 + $112,900

$139,300

2011

$2,173

$26,400 + $111,300

$137,700

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

3,049 Sq. Ft.

Year renovated

1990

Finished Sq. Ft.

1,536

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,536

Year built

1890

Style

Multi-Family (2-4 Unit)

County

Hampden County

APN

2531459

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 19, 2023.

Downtown Residential District

The downtown residential district has been established to encourage infill and redevelopment that is in keeping with the existing neighboring buildings and structures; to permit a flexible approach to redevelopment of larger parcels; to promote a mix of residential and smaller-scale commercial uses in the same building or neighborhood; and to increase property values in downtown residential neighborhoods.

Permitted uses

Include but are not limited to:

Bank
Day care facility
General retail
Restaurant
Rehabilitation center
Housing-Single unit
Housing-Multiple units
Office
Medical office
Public service

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 98° expected this year, 16 days in 30 years

5/10 Wind Factor

23% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Holyoke, MA • 01040

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

60/ 100

Moderate sunlight

Sunscore

There appears to be some shading by surrounding buildings, terrain, and vegetation.

7.6 hrs

1.7 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 248 Lyman St

$352,731

$3,731 over list price of $349K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $318K to $365K.

SOLD OCT 1, 2026
$360,000 Last sold price
4 beds2 baths1,806 sq ft
35 N Summer St, Holyoke, MA 01040
$5/sq ft
larger lot
20 years newer
SOLD JUL 17, 2026
$337,000 Last sold price
5 beds1.5 baths2,044 sq ft
70 Sycamore St, Holyoke, MA 01040
$29/sq ft
larger lot
15 years newer
SOLD JUN 17, 2026
$340,000 Last sold price
6 beds2 baths1,599 sq ft
45-47 High St, South Hadley, MA 01075
$19/sq ft
larger lot
20 years older
SOLD JUL 7, 2026
$318,000 Last sold price
3 beds1 bath1,536 sq ft
86 Sycamore St, Holyoke, MA 01040
$13/sq ft
larger lot
10 years newer
SOLD OCT 15, 2026
$365,000 Last sold price
2 beds1.5 baths1,772 sq ft
34 Vadnais St, Holyoke, MA 01040
$12/sq ft
larger lot
62 years newer
SOLD AUG 31, 2026
$345,000 Last sold price
3 beds1.5 baths1,352 sq ft
39 Claremont Ave, Holyoke, MA 01040
$61/sq ft
larger lot
20 years newer

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Details provided by MLS PIN and may not match the public record. Learn more.

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