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Sold for $465,000 on 07/21/25
  • $465,000

    38 Palmer Ave, Springfield, MA 01108

    11beds
    3,856sqft
    3 Family - 3 Units Up/Down
    Built in 1895
    -- sqft lot
    $471,500 Zestimate®
    $121/sqft
    $2,618 Estimated rent

    Owner options

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    $2,618/mo

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    $2,618/mo

    Rent Zestimate®

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    $2,947/mo

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    $2,947/mo

    Est. payment

    What's special

    Owner/occupant with 20% down could live rent free in this income producing property as rent from 2 apartments would cover mortgage payments. Investors take notice this 3 family home has been completely renovated and is Lead Compliant! You do not want to miss the income potential in this property! 1st and 2nd flr units have 3-4 bedrooms with one bath, 3rd flr unit has 2-3 bed 1 bath. Gas Heat in all 3 units. First and Second Floors have new furnaces, new water heaters, kitchens updated, new tile flooring in bathrooms, hardwood floors, interior walls in the units have been redone, and so much more. New roof 2021. 1st and 2nd floor 1,383 sq ft units will be delivered vacant for owner/occupant or to rent out (previous tenant's paid $1,760 and $1,590 respectively, but market rates are now higher). 3rd floor 1,037 sq ft unit is rented for $940.

    Zillow last checked: 8 hours ago

    Listing updated: July 21, 2025 at 07:18pm

    Listed by:

    Michelle Lorenzetti,

    Michelle Lorenzetti,

    Michelle Lorenzetti

    Bought with:

    Michelle Lorenzetti

    Michelle Lorenzetti

    Source: MLS PIN,MLS#: 73364870

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Baseboard, Natural Gas
    Cooling
    • None
    Features
    • Ceiling Fan(s), Bathroom With Tub & Shower, Pantry, Other, Living Room, Dining Room, Kitchen
    • Flooring: Tile, Carpet, Laminate, Hardwood, Wood, Stone/Ceramic Tile
    • Basement: Full,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 3,856
    • Total interior livable area: 3,856 sqft
    • Finished area above ground: 3,856

    Property

    Parking
    • Total spaces: 4
    • Parking features: Off Street, Paved
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Enclosed
    • Exterior features: Rain Gutters
    • Fencing: Fenced/Enclosed,Fenced
    Lot
    • Size: 6,969 sqft
    • Features: Level
    Details
    • Parcel number: 2599813
    • Zoning: R2

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 3 Family - 3 Units Up/Down
    Materials
    • Frame, Stone
    • Foundation: Concrete Perimeter
    • Roof: Shingle
    Condition
    • Year built: 1895

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Public School, Sidewalks
    Location
    • Region: Springfield

    HOA & financial

    Other financial information
    • Total actual rent: 4600
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $471,500
    2% more+$9,430
    With Zillow Showcase(estimated)$480,930