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Sold on 11/01/2022

514 Chestnut St, Springfield, MA 01107

$408,000

Last sold 11/01/2022 for $280K

  • 8

    bed

  • 3

    bath

  • 4,090

    Sqft ($68/Sqft)

Multi-family not for sale
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About 514 Chestnut St

Property type Multi-family
Neighborhood
Year built 1901
HOA fee $0/month
Lot size 4,879 Sqft
Movoto estimate
Property description
BACK ON THE MARKET after some new updates. Perfect opportunity for investors or owner occupied. The first floor is in amazing condition featuring 3 bedrooms and 1 bath. Second floor has the same setup but it includes the finish attic with two extra bedrooms living room and a full bath. The first floor tenant has occupied the first floor for the last 17 years and has kept it in immaculate condition. The home is located near major hospitals, shopping areas, major highways, parks and many more. This home will generate a lot of income so do not miss the opportunity to make this your home or the opportunity to add this beautiful home to your investment portfolio. This home now has a month old roof and a brand new driveway.
Listed by
Listing Agent - New Homes Realty Group
Listing Office - Gallagher Real Estate
Source: MLS Property Information Network, Inc. mls logo
MLS#72987114 • last updated 3 years ago
Movoto checked MLS Property Information Network, Inc. for data 1 minute ago
Overview
Levels/Style 3
MLS # 72987114
Type Residential Income
Status Closed
SubType Multi Family
SqFt 4090
Lot Size (SqFt) 4879
Lot Size (Acres) 0.11
Annual Property Tax 3220
Year Built 1901
Interior
Total # of Bathrooms 3
# Full Baths 3
Total # of Bedrooms 8
Total # of Rooms 16
Appliances Gas Water Heater
Interior Features Other (See Remarks)
Exterior
Foundation Brick/Mortar
Parking Desc Paved Drive
# Parking Spaces 4
Amenities / Utilities
Sewer Public Sewer
Water Source Public
Location
County Hampden
Zoning R2
APN S:02750 P:0159, 2578107
Directions GPS
Multifamily Details
Net Operating Income 12000
Total Actual Rent 1000
Gross Income 12000
$408K
Range: $363K-$452K
Last 30 days 
  • Jan 2023
    mls logo MLS # 72987114
  • Jan 10, 2023 Sold
    $280,000
  • Jul 11, 2022 Listed
    —
  • Jun 2, 2022 Active
    —
  • May 24, 2022 Listed
    $279,000
  • Dec 2022
    Public Records
  • Dec 9, 2022 Sold
    $280,000 (+0.4%)
  • Year Property taxes Tax assessment
  • 2025
    $4,141 -1.4%
    $264,100 +0.96%
  • 2024
    $4,201 +8.9%
    $261,600 +15.6%
  • 2023
    $3,858 +19.8%
    $226,300 +32.26%
  • 2022
    $3,220 +7.6%
    $171,100 +8.09%
  • 2021
    $2,992 +20.8%
    $158,300 +24.84%
  • 2020
    $2,476 +13.7%
    $126,800 +14.65%
  • 2019
    $2,177 -2.5%
    $110,600 -2.47%
  • 2018
    $2,232 -2.7%
    $113,400 -2.83%
  • 2017
    $2,294 +6.5%
    $116,700
  • 2016
    $2,153
    —
  • 514 Chestnut St
    $280K
  • Memorial Square
    $439K -1% y/y
  • 01107
    $328K +26% y/y
  • Springfield
    $299K -2% y/y
No chart available
Statistics calculated by Movoto

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2/10
Lincoln Elementary School
public Grades PK, K-5
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.

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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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