Sold!
$1,100,000
15
Beds
14
Baths
10,604
Living Area
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Property Description
Rare investment opportunity in the heart of Springfield! This 14 unit property offers a blend of historic character & modern functionality. The front building, built 1910, features 6 units with timeless charm including original woodwork & decorative fireplaces - plus a large, finished attic unit offering additional rental income potential. Connected at the rear, the 1975-built addition has 8 units, each with tenant paid electric. The property has recently received many updates including a 5 year old high efficiency boiler (owner paid heat/hot water), along with a newer on-demand hot water system. Several units have been recently renovated & the back building has been sub-metered to enhance operational efficiency. There is a large basement with space for on-site office build-out as well. With ample off-street parking and a convenient location near public transportation, employers, and major highways, this is an ideal investment opportunity in a thriving multifamily market!
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Highlights
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1910
- Parking Spots: 14
- Property Type: 5-9 Family
- Total Rooms: 45
- Status: Closed
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Additional Details
- Basement: Full, Walk-Out Access
- Foundation: Block, Brick/Mortar, Slab
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R3
- Construction: Frame
- Roof: Shingle
- Total Number of Units: 9
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, University
- Parking Features: Paved Drive, Off Street, Paved
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Utilities
- Electric: Common, Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $964,800
- Taxes: $15,128
- Tax Year: 2025
- Total Rent: $1,775
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of RE/MAX River's Edge.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
