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Sold on 08/01/2017

509 Springfield St, Chicopee, MA 01013

  • $382,000

    Last sold 08/01/2017 for $204K

  • 6

    bed

  • 2

    bath

  • 2,496

    Sqft ($82/Sqft)

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About 509 Springfield St

Property type Multi-family
Year built 1924
HOA fee $0/month
Lot size 5,227 Sqft
Movoto estimate
Parking 2 garage spaces
Property description
Chicopee income producer. Updates by the current owner are as follows. New electrical service panels (2002), New Weil McClain Boilers (2003), Replaced oil burners with high efficiency natural gas burners for both boilers (2015), Removed old roof and replaced with new 30 year architectural shingles (2003), New replacement windows (2005), and blown in insulation in all exterior walls (1996). Currently both units are rented out below value and that is showing a capitalization rate of over 9%. When the rents are adjusted to where they should be the capitalization rate will be over 12%. This will be an awesome income producer. The building is in very good shape and has been well maintained throughout the current ownership.
Listed by
Listing Agent - The Kevin Moore Group
Listing Office - Keller Williams Realty
Source: MLS Property Information Network, Inc. mls logo
MLS#72152054 • last updated 9 years ago
Movoto checked MLS Property Information Network, Inc. for data 4 minutes ago
Overview
Levels/Style 2
Type Multi-family
MLS # 72152054
SqFt 2496
Status Sold
SubType 2 Family
Lot Size (Acre) 0.12
Property Tax 2830
Year Built 1924
Short Sale (Y/N) No
Foreclosure (Y/N) No
Interior
# Full Baths 2, 2
Total # of Bedrooms 6, 6
Total # of Rooms 12, 12, 12
Basement Full, Concrete Floor
# Fireplaces 0, 0
Exterior
Foundation Poured Concrete
Exterior Composite
Roof Asphalt/Fiberglass Shingles
Construction Frame
Parking Desc Off-Street, Paved Driveway
# Parking Spaces 6
# Garage Spaces 2
Exterior Features Porch, Patio, Gutters
Lot Desc Paved Drive, Cleared, Level
Amenities / Utilities
Green Features: Energy Efficiency Insulated Windows, Insulated Doors
Electricity 200 Amps, Individually Metered
Utility Connections For Electric Range
Utilities: Hot Water Natural Gas, Tank
Water Source City/Town Water
HOA Amenities Public Transportation, Shopping, Park, Laundromat
Location
County Hampden
APN M:0022 P:00055, 2495676
Multifamily Details
# of Units 2
Unit 2 Rent 750
Unit 1 Rent 750
Lot/ Land Details
Road Type Public, Paved, Publicly Maint.
$382K
Range: $271K-$492K
Last 30 days 
  • Aug 2017
    mls logo MLS # 72152054
  • Aug 1, 2017 Sold
    $204,900 (+2.5%)
  • May 31, 2017 Under Agreement
    —
  • May 17, 2017 Contingent
    —
  • Apr 23, 2017 Listed
    $199,900
  • Year Property taxes Tax assessment
  • 2025
    $4,225 +5.7%
    $278,700 +2.92%
  • 2024
    $3,997 +7.1%
    $270,800 +9.95%
  • 2023
    $3,731 +2.2%
    $246,300 +14.61%
  • 2022
    $3,651 +5.5%
    $214,900 +9.31%
  • 2021
    $3,462
    $196,600 +4.3%
  • 2020
    $3,462 +7.8%
    $188,500 +5.43%
  • 2019
    $3,211 +2.3%
    $178,800 +4.26%
  • 2018
    $3,140 +11.0%
    $171,500 +4.89%
  • 2017
    $2,830 +5.9%
    $163,500 +3.48%
  • 2016
    $2,672 -6.5%
    $158,000
  • 2015
    $2,857
    —
  • 509 Springfield St
    $204K
  • —
  • 01013
    $298K -9% y/y
  • Chicopee
    $304K +1% y/y
No chart available
Statistics calculated by Movoto

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3/10
Bowe Elementary School
public Grades K-5
Chicopee School District
4/10
Fairview Middle School
public Grades 6-8
Chicopee School District
2/10
Chicopee High School
public Grades 9-12
Chicopee School District
Source: GreatSchools.org © 2026. All rights reserved.

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