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16-18 Alderman St., Springfield MA 01108

Pending

16-18 Alderman St., Springfield MA 01108

$525,000

Estimated $1,436/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $175,000

Total Rent: 14400/year

Estimated CAP Rate:

10 Bedrooms

Baths

4548

Total Parking: 6

6,237 (0.14)

Prime Investment Opportunity – Turn-Key 3-Family with De-Lead Certificates! Well maintained, recently renovated, spacious 4,548 sq. ft of living space, triple-decker with large yard, in Forest Park area. Perfect for investors or owner-occupants looking to live for free. This turn-key "cash cow" features two spacious 3-bedroom units and one 4-bedroom unit—totaling 10 bedrooms. De-lead certificates for the whole house. Separate utilities, including three forced hot air heating systems. Great location, just a few minute walk to “X”. Key Features: 1. Full De-Lead Certificates for all units 2. 3 gas meters and 4 electric meters (include owner meter). 3. Force hot air gas heating for every unit. 4. 1st floor, 6 RM, 4 BR, vacant, totally renovated, new kitchen, new floors. 5. 2nd floor, 6 RM, 3 BR, occupied by a long term tenant, can be converted to 4BR 6. 3rd floor, 5 RM, 3 BR, vacant, totally renovated, new kitchen, new floors. 7. Large full basement, vacant, 3 washer/dryer hook up.

This home has been viewed 4 times

Last Checked: June 23rd, 2026 at 10:43am (Source: MLS PIN #73518825)

Gross Income: $14,400

Gross Expenses: $7,017

Net Income Calc: $7,383

Water Views

Annual Expenses for 16-18 Alderman St., Springfield MA 01108

Total Gross Expenses (Calculated)$7,017/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7017

Annual Income & Unit Breakdown for 16-18 Alderman St., Springfield MA 01108

Total Gross Income (Calculated)$14,400

Unit 1

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 16-18 Alderman St., Springfield MA 01108

Listing ID73518825

Property TypeMulti Family / 3 Family

Price525000 ($115.44/SqFt)

Style3 Family

CitySpringfield

CountyHampden

MLS AreaForest Park

Neighborhood(s)

Approximate Living Area Total4548

Approximate Lot Size (Acres)0.14

Total Parking6

Garage Parking0

Year Built1909

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 16-18 Alderman St., Springfield MA 01108

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsBasement Fridge

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 16-18 Alderman St., Springfield MA 01108

Real Estate Taxes7017

Tax Year2026

Assessed Value$453,900

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 16-18 Alderman St., Springfield MA 01108

Neighborhood(s)

MLS AreaForest Park

Area AmenitiesWalk/jog Trails

Contact Information for 16-18 Alderman St., Springfield MA 01108

Agent

Name: Jason Saphire

Office

Name: www.HomeZu.com

Phone: 877-249-5478

Payment Calculator

, Interest

Property Taxes 584.75

Principal & Interest 3234.88

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

www.HomeZu.com

Jason Saphire

Agent Phone

Office Phone

(877) 249-5478

Text Agent Call Agent Call Office

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EXIT

17 More Photos

Pending

16-18 Alderman St., Springfield MA 01108

$525,000

Annual Expenses for 16-18 Alderman St., Springfield MA 01108

Annual Income & Unit Breakdown for 16-18 Alderman St., Springfield MA 01108

General Information for 16-18 Alderman St., Springfield MA 01108

Disclosures for 16-18 Alderman St., Springfield MA 01108

Financial Information for 16-18 Alderman St., Springfield MA 01108

Location Information for 16-18 Alderman St., Springfield MA 01108

Contact Information for 16-18 Alderman St., Springfield MA 01108

Agent

Office

Payment Calculator

Exclusive Listing Agent

www.HomeZu.com

Jason Saphire