Don’t miss this excellent investment opportunity! This spacious three-family property features large 3-bedroom units with functional layouts and strong rental potential. The first and third floors will be delivered vacant, making this ideal for owner-occupants or investors looking to maximize rental income. The property offers many cosmetic updates, a newer roof, and generous living space throughout. Conveniently located near local amenities, schools, parks, and major routes. Whether you’re looking to expand your portfolio or live rent-free while tenants help pay your mortgage, this property is full of potential.
This home has been viewed 15 times
Last Checked: May 27th, 2026 at 5:13pm (Source: MLS PIN #73524423)
Gross Income: $20,400
Gross Expenses: $4,611
Net Income Calc: $15,789
Annual Expenses for 36-38 Chapel St, Springfield MA 01109
Total Gross Expenses (Calculated)$4,611/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax4611
Annual Income & Unit Breakdown for 36-38 Chapel St, Springfield MA 01109
Total Gross Income (Calculated)$20,400
Unit 1
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit0
Rent Includes
Unit 3
Rental Income$0
Lease
Bedrooms3
Bathrooms1 Full
Floor3
Levels in Unit1
Rent Includes
General Information for 36-38 Chapel St, Springfield MA 01109
Listing ID73524423
Property TypeMulti Family / 3 Family
Price479900 ($145.69/SqFt)
Style3 Family
CitySpringfield
CountyHampden
Neighborhood(s)
Approximate Living Area Total3294
Approximate Lot Size (Acres)0.1
Total Parking4
Garage Parking0
Year Built1908
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof Material
BasementFull
Construction Materials
Lot Features
Foundation Description
Accessible Features
Outdoor Space
ZoningR2
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 36-38 Chapel St, Springfield MA 01109
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsWasher & Dryer And Kitchen Island In The Main House Belong To The Tenant
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 36-38 Chapel St, Springfield MA 01109
Real Estate Taxes4611
Tax Year2025
Assessed Value$294,100
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 36-38 Chapel St, Springfield MA 01109
Neighborhood(s)
Area Amenities
Contact Information for 36-38 Chapel St, Springfield MA 01109