$449,999
38 Palmer Avenue
Springfield, MA, 01108
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.
Property Details
Price:
$449,999
MLS #:
73364870
Status:
Pending
Beds:
11
Baths:
3
Address:
38 Palmer Avenue
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
City:
Springfield
Listed Date:
Apr 25, 2025
State:
MA
Finished Sq Ft:
3,856
Total Sq Ft:
3,856
ZIP:
01108
Lot Size:
6,969 sqft / 0.16 acres (approx)
Year Built:
1895
Units:
3
Schools
Elementary School:
Pboe
Middle School:
Pboe
High School:
Pboe
Interior
Appliances
Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Bathrooms
3 Full Bathrooms
Cooling
None
Flooring
Tile, Carpet, Laminate, Hardwood, Wood, Stone/ Ceramic Tile
Heating
Baseboard, Natural Gas
Exterior
Community Features
Public School, Sidewalks
Construction Materials
Frame, Stone
Exterior Features
Rain Gutters
Parking Features
Off Street, Paved
Parking Spots
4
Roof
Shingle
Financial
Tax Year
2024
Taxes
$4,651
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Courtesy of Michelle Lorenzetti. 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.
38 Palmer Avenue
Springfield, MA
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