Exceptional Opportunity for Investors or Owner-Occupants! This two-family property offers tremendous potential for those looking to build equity and bring new life to a home with plenty of possibilities. Situated on a corner lot, this property features a vacant first-floor unit with hardwood floors, two bedrooms, a generously sized living room, dining room or office and an enclosed front porch offering additional space to relax or entertain. The second-floor unit is currently occupied by a tenant who is seeking alternative housing, presenting an opportunity for future renovation and personalization. Recent improvements include an updated roof, windows and fence, providing a great starting point for your vision. The property also features a unique L-shaped garage that offers additional potential but may benefit from updating. While the home requires some improvements the possibilities are endless for the buyer willing to put in the work! This property presents an opportunity to invest, renovate, and unlock its potential. Whether you're looking to expand your investment portfolio or owner-occupy while creating additional value, this two-family is ready for its next chapter. Bring your ideas and imagination and make this property shine!
Under contract
$269,900
81-83 Chestnut St, Springfield, MA 01151
4beds
2,184sqft
Multi Family
Built in 1926
-- sqft lot
$345,700 Zestimate®
$124/sqft
$-- HOA
What's special
Corner lotHardwood floorsDining room or officeUnique l-shaped garageUpdated roofTwo bedrooms
- 14 days
- 258
- 24
Zillow last checked:
Listing updated:
Listed by:
Authier LaDuke Team 413-345-8623,
Coldwell Banker Realty - Western MA 413-567-8931
Source: MLS PIN,MLS#: 73583580
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Oil
Cooling
- Window Unit(s)
Appliances
- Included: Range, Dishwasher, Disposal, Trash Compactor, Microwave, Refrigerator
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Ceiling Fan(s), Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen
- Flooring: Hardwood, Tile, Carpet
- Basement: Full,Concrete,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,184
- Total interior livable area: 2,184 sqft
- Finished area above ground: 2,184
Property
Parking
- Total spaces: 5
- Parking features: Paved Drive, Off Street, Paved
- Garage spaces: 2
- Uncovered spaces: 3
Features
- Patio & porch: Enclosed
- Exterior features: Rain Gutters
Lot
- Size: 4,800 Square Feet
- Features: Corner Lot, Level
Details
- Parcel number: S:02755 P:0021,2578533
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Block
- Roof: Shingle
Condition
- Year built: 1926
Utilities & green energy
- Electric: Circuit Breakers, 100 Amp Service, Individually Metered
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Public School, Sidewalks
Location
- Region: Springfield
Financial & listing details
- Price per square foot: $124/sqft
- Tax assessed value: $349,100
- Annual tax amount: $5,397
- Date on market: 9/28/2026
- Total actual rent: 600
- Road surface type: Paved
Estimated market value
$345,700
$311,000 - $377,000
$2,027/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/29/2026 | Contingent | $269,900$124/sqft |
Source: MLS PIN #73583580 Report a problem | ||
| 9/29/2026 | Listed for sale | $269,900+349.8%$124/sqft |
Source: MLS PIN #73583580 Report a problem | ||
| 12/16/1994 | Sold | $60,000$27/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,414 -3.2% | $281,500 -0.8% |
| 2024 | $4,559 +13.7% | $283,900 +20.7% |
| 2023 | $4,010 +3.3% | $235,200 +14% |
| 2022 | $3,883 +0.9% | $206,300 +1.3% |
| 2021 | $3,848 +11.3% | $203,600 +15% |
| 2020 | $3,457 +8.8% | $177,000 +9.6% |
| 2019 | $3,178 +5.6% | $161,500 +5.6% |
| 2018 | $3,009 +2.7% | $152,900 +2.6% |
| 2017 | $2,929 +13.3% | $149,000 +13.3% |
| 2016 | $2,585 +2.6% | $131,500 +2.7% |
| 2015 | $2,520 +1.3% | $128,100 +1.5% |
| 2014 | $2,487 +3.8% | $126,200 +3.9% |
| 2013 | $2,395 -9.9% | $121,500 -9.3% |
| 2012 | $2,657 -5.3% | $134,000 -6.9% |
| 2011 | $2,805 +51% | $143,900 +51% |
| 2010 | $1,858 -25% | $95,300 -31.2% |
| 2009 | $2,478 +7.4% | $138,500 -3.8% |
| 2008 | $2,307 +3.3% | $143,900 +3.4% |
| 2007 | $2,233 +15.1% | $139,200 +22% |
| 2006 | $1,940 +7.9% | $114,100 +11.1% |
| 2005 | $1,798 +5.3% | $102,700 +14.2% |
| 2004 | $1,707 -4.7% | $89,900 -2.6% |
| 2003 | $1,792 +9.9% | $92,300 +12.6% |
| 2002 | $1,630 | $82,000 |
Find assessor info on the county website
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Neighborhood: Indian Orchard
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