132 Alderman St, Springfield, MA 01108
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$389,000
3 Unit
9 Beds
3 Baths
3433 SQFT
0.10 Acre

Property Description

Turnkey 2-Family w/3rd-Floor Suite, Strong Investment Opportunity! Well-maintained two-family, 3-unit investment property. Recent updates include newer vinyl siding, energy-efficient vinyl windows, updated HVAC furnaces, newer hot water heater, remodeled bath & upgraded kitchens w/newer appliances. 2 of the 3 units are currently occupied. Investors have multiple options to maximize returns. Consider renting by the room for higher profitability or converting the empty unit into a short-term or mid-term rental—a proven strategy that was recently implemented here. Lead certificate is available for 1st fl. unit, solar system negotiable, offering big savings on electricity. Features include a large basement w/laundry hookups & off-street parking for 3 cars. Conveniently located near local amenities. Whether expanding your portfolio or looking for a strong income-producing property, this is an opportunity you don't want to miss! Vacant 2nd floor apt. 3 bed 1bath!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Amenities: Bike Path, Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court, Walk/Jog Trails
  • Basement Features: Full
  • Common Rooms: Dining Room, Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans, Lead Certification Available, Pantry, Storage
  • Common Appliances: Dryer Hookup, Microwave, Range, Refrigerator, Washer Hookup
  • Common Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 34800
  • Gross Expenses: 5900
  • Water/Sewer: 2700
  • Repairs & Maintenance: 1000
  • Net Operating Income: 28900

Utilities

  • Electric Info: 100 Amps, Circuit Breakers, Other (See Remarks), Underground
  • Energy Features: Insulated Doors, Insulated Windows
  • Utility Connections: for Electric Range, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Electric, Gas, Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Electric, Gas, Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1911
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Laminate, Vinyl, Wood
  • Lead Paint: Certified Treated, Unknown
  • Warranty: No

Other Information

  • MLS ID# 73401130
  • Last Updated: 07/12/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
07/12/2025Active$389,000$113MLSPIN
07/08/2025New$389,000$113MLSPIN
05/18/2025Expired$389,000$113MLSPIN
03/03/2025Temporarily Withdrawn$389,000$113MLSPIN
02/21/2025Active$389,000$113MLSPIN
02/17/2025New$389,000$113MLSPIN
12/01/2024Expired$405,000$118MLSPIN
08/26/2024Temporarily Withdrawn$405,000$118MLSPIN
08/25/2024Active$405,000$118MLSPIN
08/21/2024Price Change$405,000$118MLSPIN
08/17/2024Active$415,000$121MLSPIN
08/13/2024New$415,000$121MLSPIN

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Seller's Representative: Isadora Sarto, eRealty Advisors, Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-07-12 03:05:00

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