$429,000
6
Beds
2
Baths
2,562
Living Area
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Property Description
Welcome to 130-132 West Alvord Street, a well-maintained two-family property located in a desirable Springfield neighborhood. This turnkey multifamily home presents an outstanding opportunity for investors seeking strong cash flow or owner-occupants looking to offset their mortgage with rental income. Major updates have already been completed, including a newer roof, updated windows, and two newer boilers, providing added value and peace of mind. Both units will be delivered vacant at closing, offering immediate flexibility for a new owner to occupy or lease at market rent. Conveniently located near schools, shopping, restaurants, public transportation, and major highways, this property offers both comfort and convenience for tenants and homeowners alike. Whether you’re expanding your investment portfolio or purchasing your first multifamily property, this income-producing home combines solid rental potential, key mechanical updates, and a prime location.
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Highlights
- Area: Forest Park
- Parking Spots: 8
- Property Type: 2 Family - 2 Units Up/Down
- Total Rooms: 10
- Status: Active
- Levels: 2
- Property Class: Residential Income
- Stories: 2
- Year Built: 1920
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Additional Details
- Basement: Full
- Flooring: Wood
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R2
- Construction: Block
- Foundation: Block
- Roof: Shingle
- Total Number of Units: 2
- Year Built Source: Public Records
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Amenities
- Covered Parking Spaces: 2
- Parking Features: Paved Drive
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Utilities
- Electric: 110 Volts
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $311,000
- Taxes: $4,884
- Tax Year: 2025
- Total Rent: $1,800
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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 Gallagher Real Estate.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.