$349,000 · For sale

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!
248 Lyman st is a multi-family home for sale in Holyoke, MA 01040 with 1,800 square feet, asking $349,000. It was built in 1890. It has been on our site since November 2, 2026.
At $194 a square foot, it compares with a median of $160 among the 24 other multi-family homes for sale in Holyoke with a stated size.
It scores 81 out of 100 for walkability, from how close everyday places are.
The closest train or subway stop is Holyoke (Amtrak Valley Flyer and Vermonter), about 0.7 miles away. The closest bus stop is Lyman / Elm (PVTA routes B48, B49), about 0.1 miles away.
The closest public schools by level are H.B. Lawrence School (0.6 miles), Joseph Metcalf School (1.6 miles) and Holyoke High (1.0 mile). The district decides which school serves an address.
Listing information from MLS Property Information Network (MLS PIN), MLS #73597795, deemed reliable but not guaranteed. Prices are compared with other homes listed on this site today. Trains and buses come from the transit agencies’ published schedules and schools from the National Center for Education Statistics. Distances are straight-line.
See all Holyoke homes for sale and rent, every home in Holyoke by street, or browse every home for sale and neighborhood guides with Benjamin Realty.
To ask about this home or book a tour, call Benjamin Realty at (617) 734-5050 or email [email protected].