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Two-Story Multifamily Property with Solar Panels

97 Alderman St, Springfield, MA 01118

For Sale
New
$609,999

Four full bathrooms and stone-counter kitchens serve a six-bedroom layout with basement space.

Property Size5,000 SF
Price / SF$121
Days on Market6

Property Features for 97 Alderman St

General Information

Standard status Active
Size 5,000 SF
Property subtype Residential Income
Zoning R2

Site & Location

Neighborhood East Forest Park

Taxes and HOA fees

Annual Taxes $8,732

Amenities

stone counters
basement
solar panels
Laundry Room
Kitchen
Living RM/Dining RM Combo

Building Details

Building Size 5,000 SF
Year Built 1922
Year Renovated 2022
Stories 3
Units 4
Listing Agency: Lamacchia Realty, Inc.
Listed By: Victor Mauricio
Source: Bostoniaproperties
Added: Nov 4 Changed: Nov 7 Last Checked: Nov 8 at 4:52AM

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 Lamacchia Realty, Inc.

Rey
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Investment Insights

Based on property information with market context.

This R2-zoned multifamily property contains 5,000 square feet across two stories, with six bedrooms and four full bathrooms. Kitchens feature stone counters, and the building includes a basement and solar panels. The property was fully renovated in 2022 and was built in 1922.

Key Highlights

  • 5,000 square feet of living space
  • Six bedrooms and four full bathrooms across two stories
  • Fully renovated in 2022

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Location Intelligence

Trade Area within ½ mile

947
Businesses Nearby

Demographics for 01118, MA

14,296
Population
5,787
Households
2.5
Avg Household Size
40
Median Age
30%
College-Educated
91%
High-School Grad
3.6 sq mi
ZIP Area
3,971
Density / Sq Mi
$80,906
Median Household Income
$48,486
Median Earnings
$1,220
Median Rent
$243,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Multifamily properties in Springfield, MA

$153 Jul
$152 Aug
$144 Sep
$144 Oct

Properties on Market for Multifamily properties in Springfield

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Four full bathrooms and stone-counter kitchens serve a six-bedroom layout with basement space.
Where is this multifamily property located?
The property is located at 97 Alderman St Springfield, MA.
What is the asking price?
The asking price for this property is $609,999.
What are key features of this property?
This property features: 5,000 square feet of living space; Six bedrooms and four full bathrooms across two stories; Fully renovated in 2022
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