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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.

More Info

Basic Information

  • Gross Income $208,800
  • Lot Features Corner Lot
  • Mls StatusActive
  • Parcel Number 2610810

Tax Information

  • Tax Assessed Value $1,042,900
  • Tax Year 2025
  • Taxes$13,817

Parking

  • Parking Features Off Street
  • Parking Spaces

Rooms

  • Bathroom12
  • Bathrooms Total Decimal 12
  • Bedrooms12
  • Full Bath12

Basic Information

  • List Price$1,650,000
  • MLS Number73571198
  • Modification Date09/06/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Location

  • Address40 Warriner Avenue
  • Building Number40
  • CountyHampden
  • StateMA
  • StreetWarriner Avenue
  • TownSpringfield
  • Zip01108

Building

  • BasementFull
  • Building Area Units Square Feet
  • FoundationBrick/Mortar
  • Levels 4
  • Rooms22
  • Stories4
  • Units12
  • Year Built1913
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.16

Utilities

  • Electric Individually Metered
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 13,755
  • Lot Size Square Feet 7,000
  • Lot Size Units Acres
  • Square Feet13,755

Amenities

  • AmenitiesPublic Transportation, Shopping, Highway Access, Public School
  • Other AmenitiesBasement

Other

  • Date Listed09/02/2026
  • Farm Land Area Units Square Feet

Map Location

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Listed by Cassandra Swaby of Berkshire Hathaway HomeServices Realty Professionals

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