Active
7 Days on market
40 Warriner Ave Springfield — Photo 1 of 23

40 Warriner Ave Springfield — Photo 1 of 23

$1,650,000

40 Warriner Ave, Springfield, MA 01108

Springfield, MA 01108

Beds

12

Baths

12

SqFt

13,755

Style

5+ Family - 5+ Units Up/Down

Built

1913

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$120/sqft
Local Avg (Springfield)$157/sqft
24% BelowMarket Average

* Analysis is based on 22 actively listed and recently sold comparable properties strictly within Springfield, MA.

Property Details

Financials

Original Price$1,650,000
Annual Taxes$13,817

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms22
FireplacesNone
Flooring--
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationBrick/Mortar
ZoningR3

Property & Lot

Acres0.16
SqFt Lot7,000
Lot FeaturesCorner Lot

Neighborhood

Public Transportation • Shopping • Highway Access • Public School

Geography

Property History

Listed
$1,650,000

Sep 2, 2026

MLS® 73571198

Sold
$1,395,000

Nov 4, 2024

MLS® 73262767

Listed
$1,499,999

Jul 10, 2024

MLS® 73262767

Population

27,405

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$51K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

54.9%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Hampden County

359 housing units permitted in the last 12 months (+20% vs the prior 12 months) — 74 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Cassandra Swaby

Listing Office: Berkshire Hathaway HomeServices Realty Professionals

MLS® Number: 73571198

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