Address
40 Warriner Ave, Springfield, MA
Price
$ 1,650,000
Property Attributes
- MLS#73571198
- TypeMulti-Family
- Listing Status Active
- CountyHAMPDEN
- CitySpringfield
- Zip01108
- Style5+ Family - 5+ Units Up/Down
- Year Built1913
- Taxes$ 13817
- Price$ 1,650,000
- Bedrooms12
- Full Bathrooms12
- Half Bathrooms0
- Sqr Footage13755
- Lot Size0.16 Acres
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
Excellent investment opportunity! This 12-unit multifamily property offers strong income potential in a convenient Springfield location. Major improvements completed in 2025 and 2026 include a NEW ROOF and NEW HEATING SYSTEM. The property features a mix of spacious apartment layouts with separate utilities.Additional Value-Add Potential: Sale includes adjacent approximately 7,000 SF parcel (62.5' x 112'), currently utilized for off-street parking for the existing 12-unit property. The additional parcel may offer future development, site optimization, or expanded-use potential, subject to buyer due diligence and all applicable zoning, parking, permitting, and municipal approvals. An excellent opportunity for an investor to explore additional value beyond the strong in-place multifamily income. Well suited for an investor looking to add a substantial multifamily asset to their portfolio. Conveniently located near shopping, restaurants, public transportation and major routes. Showings by appointment only. Please do not disturb tenants. Buyer and buyer’s agent to verify all information and perform their own due diligence.
| Price History | |
|---|---|
| 9/3/2026 | Listed $1,650,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Zoning | R3 |
| Year Built | 1913 |
| Electric | Individually Metered |
| Stories Count | 4 |
| Levels | 4 |
| Property Subtype | 5+ Family - 5+ Units Up/Down |
| Tax Year | 2025 |
| Parcel Number | 2610810 |
| Gross Income | 208800 |
| Community Features | Public Transportation,Shopping,Highway Access,Public School |
| County | Hampden |
| Net Operating Income | 166644 |
| Operating Expense | 42156 |
| Property Type | Residential Income |
| Garage Y/N | No |
| Total Rooms | 22 |
| Full Baths | 12 |
| Status | Active |
| Directions | Locust Street to Warriner Avenue. Property is located at the end of Warriner Avenue on the left. |
| City | Springfield |
| Senior Community Y/N | No |
| Number Of Units Total | 12 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 7000 |
| Year Built Details | Actual |
| Tax Annual Amount | 13817 |
| Home Warranty Y/N | No |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 1042900 |
| Total Actual Rent | 17400 |
| FinancialDataSource | Owner |
| Certified Treated | Unknown |
Interior Features
| Basement | Full |
|---|---|
| Total Stories | 4 |
| Fireplace Y/N | No |
| Above Grade Finished Area | 13755 |
| Total Bedrooms | 12 |
| LivingAreaSource | Public Record |
| Total Baths | 12 |
Exterior Features
| Parking Features | Off Street |
|---|---|
| Lot Features | Corner Lot |
| Water Source | Public |
| Lot Size Area | 0.16 |
| Foundation Details | Brick/Mortar |
| Spa | No |
| Building Area Total | 13755 |
| Lot Size Acres | 0.16 |
| Waterfront Y/N | No |
| Road Frontage Type | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 01108
Price
Taxes
Year Built
Visits
Massachusetts MLS Property Info Network (MLSPIN) - 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
