Owner/occupant with 20% down could live rent free in this income producing property as rent from 2 apartments would cover mortgage payments. Investors take notice this 3 family home has been completely renovated and is Lead Compliant! You do not want to miss the income potential in this property! 1st and 2nd flr units have 3-4 bedrooms with one bath, 3rd flr unit has 2-3 bed 1 bath. Gas Heat in all 3 units. First and Second Floors have new furnaces, new water heaters, kitchens updated, new tile flooring in bathrooms, hardwood floors, interior walls in the units have been redone, and so much more. New roof 2021. 1st and 2nd floor 1,383 sq ft units will be delivered vacant for owner/occupant or to rent out (previous tenant's paid $1,760 and $1,590 respectively, but market rates are now higher). 3rd floor 1,037 sq ft unit is rented for $940.
For sale
$449,999
38 Palmer Ave, Springfield, MA 01108
10beds
3,856sqft
Est.:
3 Family - 3 Units Up/Down
Built in 1895
-- sqft lot
$465,300 Zestimate®
$117/sqft
$-- HOA
What's special
New furnacesHardwood floorsNew water heatersNew tile flooring
- 1 day
- on Zillow |
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Zillow last checked: 7 hours ago
Listing updated: 18 hours ago
Listed by:
Michelle Lorenzetti,
Michelle Lorenzetti,
Michelle Lorenzetti
Source: MLS PIN,MLS#: 73364870
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Natural Gas
Cooling
- None
Features
- Ceiling Fan(s), Bathroom With Tub & Shower, Living Room, Kitchen
- Flooring: Tile, Laminate, Hardwood, Wood, Stone/Ceramic Tile
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 3,856
- Total interior livable area: 3,856 sqft
- Finished area above ground: 3,856
Property
Parking
- Total spaces: 4
- Parking features: Off Street, Paved
- Has uncovered spaces: Yes
Features
- Patio & porch: Enclosed
- Exterior features: Rain Gutters
- Fencing: Fenced/Enclosed,Fenced
Lot
- Size: 6,969 Square Feet
- Features: Level
Details
- Parcel number: 2599813
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family - 3 Units Up/Down
Materials
- Frame, Stone
- Foundation: Concrete Perimeter
- Roof: Metal
Condition
- Year built: 1895
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public School, Sidewalks
Location
- Region: Springfield
Financial & listing details
- Price per square foot: $117/sqft
- Tax assessed value: $289,600
- Annual tax amount: $4,651
- Date on market: 4/25/2025
- Total actual rent: 4290
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