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Sold on 05/14/2025

38 Palmer Ave, Springfield, MA 01108

  • $492,000

    Last sold 05/14/2025 for $465K

  • 11

    bed

  • 3

    bath

  • 3,856

    Sqft ($121/Sqft)

Multi-family not for sale
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About 38 Palmer Ave

Property type Multi-family
Neighborhood
Year built 1895
HOA fee $0/month
Lot size 6,969 Sqft
Movoto estimate
Property description
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.
Listed by
Listing Agent - Michelle Lorenzetti
Listing Office - Michelle Lorenzetti
Source: MLS Property Information Network, Inc. mls logo
MLS#73364870 • last updated 1 year ago
Movoto checked MLS Property Information Network, Inc. for data 5 minutes ago
Overview
Cooling/AC None
Heating Baseboard, Natural Gas
Levels/Style 3, 3
MLS # 73364870
Type Residential Income
Status Closed
SubType 3 Family - 3 Units Up/Down
SqFt 3856
Lot Size (SqFt) 6969
Lot Size (Acres) 0.16
Annual Property Tax 5304
Year Built 1895
Interior
Total # of Bathrooms 3
# Full Baths 3
Total # of Bedrooms 11
Basement Full, Unfinished
Total # of Rooms 17
Flooring Tile, Carpet, Laminate, Hardwood, Wood, Stone/Ceramic Tile
Appliances Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Interior Features Ceiling Fan(s), Bathroom With Tub & Shower, Pantry, Other, Living Room, Dining Room, Kitchen
Exterior
Foundation Concrete Perimeter
Roof Shingle
Construction Frame, Stone
Parking Desc Off Street, Paved
# Parking Spaces 4
Exterior Features Rain Gutters
Patio/ Porch Enclosed
Fencing Fenced/Enclosed, Fenced
Lot Desc Level
Amenities / Utilities
Sewer Public Sewer
Water Source Public
Location
County Hampden
Community Features Public School, Sidewalks
Elementary School Pboe
Middle School Pboe
High School Pboe
Zoning R2
APN 2599813
Directions GPS FRIENDLY
Multifamily Details
Net Operating Income 44754
Operating Expense 10445
Total Actual Rent 4600
Expense: Water/ Sewer 1966
Gross Income 55200
Lot/ Land Details
Road Frontage Public
$492K
Range: $452K-$531K
Last 30 days 
  • Apr 2025
    mls logo MLS # 73364870
  • Apr 25, 2025 Listed
    $449,999
  • Year Property taxes Tax assessment
  • 2025
    $5,367 +15.4%
    $342,300 +18.2%
  • 2024
    $4,651 +30.9%
    $289,600 +40.04%
  • 2023
    $3,553 -5.9%
    $206,800 +3.04%
  • 2022
    $3,777 +7.5%
    $200,700 +7.9%
  • 2021
    $3,515 -0.7%
    $186,000 +3.28%
  • 2020
    $3,540 +10.7%
    $180,100 +10.83%
  • 2019
    $3,198 -6.0%
    $162,500 -5.96%
  • 2018
    $3,401 +4.0%
    $172,800 +3.91%
  • 2017
    $3,269 +17.3%
    $166,300
  • 2016
    $2,788
    —
  • 38 Palmer Ave
    $465K
  • South End
    $772K +275% y/y
  • 01108
    $275K -11% y/y
  • Springfield
    $302K +1% y/y
No chart available
Statistics calculated by Movoto

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1/10
South End 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
3/10
Springfield Central High School
public Grades 9-12
Springfield School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • 38 Palmer Ave
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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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