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Sold on 05/01/2025

38-40 Forest Park Ave, Springfield, MA 01108

$412,000

Last sold 05/01/2025 for $518K

  • 8

    bed

  • 2

    bath

  • 3,900

    Sqft ($133/Sqft)

Multi-family not for sale
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About 38-40 Forest Park Ave

Property type Multi-family
Neighborhood
Year built 1923
HOA fee $0/month
Lot size 8,438 Sqft
Movoto estimate
Property description
The Best 2-family home available in Springfield is finally here! This beautifully remodeled property features two spacious apartments, each thoughtfully updated with modern finishes. Both units boast stunning kitchens with quartz countertops and quartz waterfall island, fully renovated bathrooms with custom-tiled baths, and elegant formal dining rooms. The first-floor unit offers an additional bonus family room, providing extra living space next to the main living room. A new roof and replacement windows throughout most of the home enhance durability and energy efficiency. The property also includes an unfinished attic and basement, offering potential for expansion or extra storage. With two driveways for ample off-street parking, this home is perfect for owner-occupants looking for rental income or investors seeking a turnkey property Perfect for AirBNB or Long Term Rental, Located Near Basketball Hall Of Fame, MGM Casino, Schools And Major Parks Schedule your showing today
Listed by
Listing Agent - The Ashton, Gallagher & Bloom Team
Listing Office - Gallagher Real Estate
Source: MLS Property Information Network, Inc. mls logo
MLS#73359669 • last updated 1 year ago
Movoto checked MLS Property Information Network, Inc. for data 5 minutes ago
Overview
Levels/Style 3, 3
MLS # 73359669
Type Residential Income
Status Closed
SubType Multi Family
SqFt 3900
Lot Size (SqFt) 8438
Lot Size (Acres) 0.19
Annual Property Tax 4662
Year Built 1923
Interior
Total # of Bathrooms 2
# Full Baths 2
Total # of Bedrooms 8
Basement Unfinished
Total # of Rooms 17
# Fireplaces 2
Exterior
Foundation Block
# Parking Spaces 8
Lot Desc Level
Amenities / Utilities
Sewer Public Sewer
Electricity 110 Volts, 100 Amp Service
Water Source Public
Location
County Hampden
Zoning R2
APN S:05280 P:0009, 2584917
Directions Use Google Maps Take A Right From Sumner Ave To Forest Park Ave
Multifamily Details
Net Operating Income 60000
Total Actual Rent 5000
Gross Income 60000
$412K
Range: $288K-$535K
Last 30 days 
  • Aug 2025
    mls logo MLS # 73359669
  • Aug 19, 2025 Sold
    $518,000 (+3.6%)
  • Apr 14, 2025 Listed
    $499,992 (+170.3%)
  • Oct 2004
    Public Records
  • Oct 12, 2004 Sold
    $185,000 (+29.8%)
  • Jul 2003
    Public Records
  • Jul 21, 2003 Sold
    $142,500
  • Year Property taxes Tax assessment
  • 2025
    $5,074 +8.8%
    $323,600 +11.47%
  • 2024
    $4,662 +6.4%
    $290,300 +12.96%
  • 2023
    $4,382 +5.3%
    $257,000 +16.24%
  • 2022
    $4,161 +7.1%
    $221,100 +7.59%
  • 2021
    $3,884 +5.1%
    $205,500 +8.56%
  • 2020
    $3,697 +21.1%
    $189,300 +22.05%
  • 2019
    $3,052 -1.5%
    $155,100 -1.52%
  • 2018
    $3,100 -7.7%
    $157,500 -7.79%
  • 2017
    $3,358 +7.1%
    $170,800
  • 2016
    $3,136
    —
  • 38-40 Forest Park Ave
    $518K
  • Forest Park
    $321K -8% y/y
  • 01108
    $275K -11% y/y
  • Springfield
    $299K 0% y/y
No chart available
Statistics calculated by Movoto

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5/10
Sumner Avenue School
public Grades PK, K-5
Springfield School District
2/10
Forest Park Middle School
public Grades 6-8
Springfield School District
2/10
High School Of Commerce
public Grades 9-12
Springfield School District
2/10
High School/Science-Tech
public Grades 9-12
Springfield School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Forest Park

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  • Real Estate
  • MA
  • Hampden County
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  • Forest Park
  • 38-40 Forest Park Ave
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The real estate listing data marked with this icon comes from the IDX program of the Massachusetts Multiple Listing Service™ system.
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 in 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.
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