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Turn-Key De-Lead Triplex
For Sale
$525,000
Pending

16-18 Alderman St., Springfield, MA 01108

Three-family triple-decker with renovated vacant units, de-lead certificates, and separate forced hot air heating systems.

Property Size4,548 SF
Days on Market117

Property Features for 16-18 Alderman St.

General Information

Standard status Pending
Size 4,548 SF
Total Parking Spaces 6
Property subtype Multi-Family
Zoning R2

Additional Details

Multifamily Units 3

Amenities

de-lead certificates
separate utilities
3 gas meters
4 electric meters
forced hot air gas heating
large basement
washer/dryer hookup

Building Details

Building Size 4,548 SF
Year Built 1909
Stories 3
Tenancy Multi
Listing Agency: www.HomeZu.com
Listed By: Jason Saphire · License #REB.0016418
Source: Cjbarrett
Added: May 13 Changed: Aug 23 Last Checked: Jul 21 at 3:00PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of www.HomeZu.com

Investment Insights

Based on property information with market context.

Turn-key three-family triple-decker featuring full de-lead certificates and recently renovated interiors. The property includes two vacant units and one long-term occupied unit, with a total of 10 bedrooms across the three floors. The first-floor unit is vacant and has been totally renovated with a new kitchen and new floors. The second-floor unit is occupied and includes 6 rooms and 3 bedrooms (noted as capable of being converted to 4 bedrooms). The third-floor unit is vacant and also totally renovated with a new kitchen and new floors. There is a large full basement with vacant washer/dryer hook-up.

Separate utilities are supported by 3 gas meters and 4 electric meters, including an owner meter. Each unit is heated by its own forced hot air gas heating system.

The property is located in the Forest Park area of Springfield, Massachusetts and is zoned R2. Directions are provided from the intersection of Sumner and Dickinson St to Dickinson northbound, turning right after 0.2 miles.

Key Highlights

  • Three‑family triple‑decker with 4,548 sq. ft living space and a large yard in the Forest Park area of MA
  • De‑lead certificates for the whole house
  • Separate utilities with 3 gas meters and 4 electric meters (including an owner meter)

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm HVAC Service Parking Lot & Garage Real Estate Agency Gym & Fitness Center Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

987
Businesses Nearby

Demographics for 01108, MA

27,671
Population
11,332
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
81%
High-School Grad
3.4 sq mi
ZIP Area
8,139
Density / Sq Mi
$51,851
Median Household Income
$34,539
Median Earnings
$1,224
Median Rent
$219,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-family triple-decker with renovated vacant units, de-lead certificates, and separate forced hot air heating systems.
Where is this triplex located?
The property is located at 16-18 Alderman St. Springfield, MA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Three‑family triple‑decker with 4,548 sq. ft living space and a large yard in the Forest Park area of MA; De‑lead certificates for the whole house; Separate utilities with 3 gas meters and 4 electric meters (including an owner meter)
More about this property
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