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62-64 Alderman Street, Springfield MA 01108

Active

62-64 Alderman Street, Springfield MA 01108

$389,999

Estimated $1,059/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $194,999.50

Total Rent: 18000/year

Estimated CAP Rate:

6 Bedrooms

Baths

2799

Total Parking: 5 (1 Garage)

5,001 (0.11)

SELLER REQUESTS ANY OFFERS, OF WHICH ARE HIGHEST AND BEST TERMS BE SUBMITTED FRI SEPT 25 NO LATER THAN 7 PM. UPDATED VACANT FIRST FLOOR UNIT!! LEAD CERTIFICATE FOR FIRST FLOOR PRIOR TO CLOSING! Here you have a strong two-family opportunity in Springfield, with each unit featuring 3 bedrooms and 1 full bathroom. The property is ideally situated directly across from the community garden, adding a unique neighborhood amenity and a pleasant outdoor setting just steps from home. PANTRY OFF THE KITCHEN FOR ADDED STORAGE!! Both spacious units offer flexibility for owner-occupants, multi-generational living, or investors looking to add a well-located property to their portfolio. REFINISHED WOOD FLOORS ARE SHINING! Laundry hookups for both units in basement! Conveniently located near shopping, dining, parks, public transportation, and major commuter routes, this property combines practical living with excellent accessibility. Small garage in rear to stay for new owner! Most capital expense items in great shape! Whether you're looking to live in one unit and rent the other or expand your investment holdings, this property offers plenty of potential. Reach out today to schedule a private tour and see what 62-64 Alderman St has to offer! Considering buying, selling, investing or renting? Feel free to reach out to the listing agent to discuss this or any other property you have interest in!

This home has been viewed 4 times

Last Checked: September 26th, 2026 at 8:38am (Source: MLS PIN #73576776)

Gross Income: $18,000

Gross Expenses: $5,125

Net Income Calc: $12,875

Water Views

Annual Expenses for 62-64 Alderman Street, Springfield MA 01108

Total Gross Expenses (Calculated)$5,125/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5125.33

Annual Income & Unit Breakdown for 62-64 Alderman Street, Springfield MA 01108

Total Gross Income (Calculated)$18,000

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 Unit1

Rent Includes

General Information for 62-64 Alderman Street, Springfield MA 01108

Listing ID73576776

Property TypeMulti Family / 2 Family

Price389999 ($139.34/SqFt)

Style2 Family - 2 Units Up/down

CitySpringfield

CountyHampden

Neighborhood(s)

Approximate Living Area Total2799

Approximate Lot Size (Acres)0.11

Total Parking5 (1 Garage)

Garage Parking1

Year Built1906

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 62-64 Alderman Street, Springfield MA 01108

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher

Financial Data SourceEstimated

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 62-64 Alderman Street, Springfield MA 01108

Real Estate Taxes5125.33

Tax Year2026

Assessed Value$328,100

Financial Data SourceEstimated

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 62-64 Alderman Street, Springfield MA 01108

Elementary SchoolBoe

Middle SchoolBoe

High SchoolBoe

Neighborhood(s)

Area Amenities

Contact Information for 62-64 Alderman Street, Springfield MA 01108

Agent

Name: Alessio Calabrese

Office

Name: Lock and Key Realty Inc.

Phone: 413-282-8080

Payment Calculator

, Interest

Property Taxes 427.11

Principal & Interest 2403.05

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lock and Key Realty Inc.

Alessio Calabrese

Agent Phone

Office Phone

(413) 282-8080

Text Agent Call Agent Call Office

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EXIT

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