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.
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
What's special
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