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Active

97 Alderman St, Springfield MA 01118

$620,000

Estimated $1,733/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $155,000

Total Rent: 72420/year

Estimated CAP Rate:

6 Bedrooms

Baths

5000

Total Parking: 0

5,001 (0.11)

Presenting 97 Alderman St, Springfield, MA, a distinguished multi-family property offering an expansive 5000 square feet of meticulously maintained living space. Fully renovated since 2022! This property has been thoughtfully updated throughout. This inviting home, in ready-to-move-in condition, represents a compelling opportunity for discerning buyers seeking a residence of enduring quality and character. The culinary spaces within this property feature kitchens appointed with elegant stone counters, providing both aesthetic appeal and practical durability for daily living and entertaining. The property encompasses a total of six bedrooms and four full bathrooms, distributed across two stories, offering versatile living arrangements. The traditional exterior architectural style contributes to its timeless appeal. Additionally, the presence of a basement provides valuable supplementary space, while solar panels enhance the property's efficiency and sustainability. We invite you to explore the potential of this exceptional residence.

This home has been viewed 3 times

Last Checked: October 5th, 2026 at 8:53pm (Source: MLS PIN #73586620)

Gross Income: $72,420

Gross Expenses: $8,732

Net Income Calc: $63,688

Water Views

Annual Expenses for 97 Alderman St, Springfield MA 01118

Total Gross Expenses (Calculated)$8,732/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax8732

Annual Income & Unit Breakdown for 97 Alderman St, Springfield MA 01118

Total Gross Income (Calculated)$72,420

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 97 Alderman St, Springfield MA 01118

Listing ID73586620

Property TypeMulti Family / 4 Family

Price620000 ($124/SqFt)

Style4 Family - 4 Units Up/down

CitySpringfield

CountyHampden

Neighborhood(s)

Approximate Living Area Total5000

Approximate Lot Size (Acres)0.11

Total Parking0

Garage Parking0

Year Built1922

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof Material

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningR2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 97 Alderman St, Springfield MA 01118

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsRefrigerator In Basement And Table In The Kitchen.

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 97 Alderman St, Springfield MA 01118

Real Estate Taxes8732

Tax Year2026

Assessed Value$564,000

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 97 Alderman St, Springfield MA 01118

Neighborhood(s)

Area Amenities

Contact Information for 97 Alderman St, Springfield MA 01118

Agent

Name: Victor Mauricio

Office

Name: Lamacchia Realty, Inc.

Phone: 978-388-0880

Payment Calculator

, Interest

Property Taxes 727.67

Principal & Interest 3820.24

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lamacchia Realty, Inc.

Victor Mauricio

Agent Phone

Office Phone

(978) 388-0880

Text Agent Call Agent Call Office

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EXIT

7 More Photos

Active

97 Alderman St, Springfield MA 01118

$620,000

Annual Expenses for 97 Alderman St, Springfield MA 01118

Annual Income & Unit Breakdown for 97 Alderman St, Springfield MA 01118

General Information for 97 Alderman St, Springfield MA 01118

Disclosures for 97 Alderman St, Springfield MA 01118

Financial Information for 97 Alderman St, Springfield MA 01118

Location Information for 97 Alderman St, Springfield MA 01118

Contact Information for 97 Alderman St, Springfield MA 01118

Agent

Office

Payment Calculator

Exclusive Listing Agent

Lamacchia Realty, Inc.

Victor Mauricio