40 Warriner Ave
$1,650,000
12
Beds
12
Baths
13,755
Sqft
- Request Info
- Call
- Save
-
More
- Mortgage Calculator
Property Tools
$1,650,000
12
Beds
12
Baths
13,755
Living Area
-
Property Description
Excellent investment opportunity! This 12-unit multifamily property offers strong income potential in a convenient Springfield location. Major improvements completed in 2025 and 2026 include a NEW ROOF and NEW HEATING SYSTEM. The property features a mix of spacious apartment layouts with separate utilities.Additional Value-Add Potential: Sale includes adjacent approximately 7,000 SF parcel (62.5' x 112'), currently utilized for off-street parking for the existing 12-unit property. The additional parcel may offer future development, site optimization, or expanded-use potential, subject to buyer due diligence and all applicable zoning, parking, permitting, and municipal approvals. An excellent opportunity for an investor to explore additional value beyond the strong in-place multifamily income. Well suited for an investor looking to add a substantial multifamily asset to their portfolio. Conveniently located near shopping, restaurants, public transportation and major routes. Showings by appointment only. Please do not disturb tenants. Buyer and buyer’s agent to verify all information and perform their own due diligence.
-
Highlights
- Levels: 4
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 22
- Status: Active
- Property Class: Residential Income
- Stories: 4
- Year Built: 1913
-
Additional Details
- Basement: Full
- Lot Features: Corner Lot
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R3
- Foundation: Brick/Mortar
- Road Frontage Type: Public
- Total Number of Units: 12
- Year Built Source: Public Records
-
Amenities
- Community Features: Public Transportation, Shopping, Highway Access, Public School
- Parking Features: Off Street
-
Utilities
- Electric: Individually Metered
- Water Source: Public
- Sewer: Public Sewer
-
Fees / Taxes
- Assessed Value: $1,042,900
- Taxes: $13,817
- Tax Year: 2025
- Total Rent: $17,400
Similar Listings
Sold
13 Photos
Sold
42 Photos
Sold
36 Photos
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 Berkshire Hathaway HomeServices Realty Professionals.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.