482 Chestnut St, Springfield, MA 01107
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$275,000
3 Unit
9 Beds
3 Baths
3679 SQFT
0.13 Acre

Property Description

This spacious 2-family home with a 3rd-floor in-law apartment offers incredible potential for the right buyer. The first floor features 5 rooms, including 3 bedrooms, a living room, a kitchen, and a full bath. The second and third floors combined offer 5 bedrooms, 2 full baths, and 2 kitchens, with the top floor functioning as a private in-law apartment complete with its own kitchen, bath, and living area. Additional highlights include separate utilities, newer hot water tanks, updated boilers—one with an automatic water feeder—and circuit breakers. While the property needs updates and repairs, it presents an excellent opportunity for investors, contractors, or owner-occupants to add value, generate strong rental income, or create a multi-generational living space, all in a convenient location close to schools, shopping, and public transportation.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Total Fireplaces: 2
  • Basement Features: Full, Interior Access, Partially Finished, Walk Out
  • Common Rooms: Dining Room, Family Room, Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Heating: Central Heat, Extra Flue, Gas, Heat Pump, Hot Water Radiators, Steam

Financial

  • APOD Available: No
  • Gross Operating Income: 8400
  • Net Operating Income: 8400

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1895
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Laminate, Vinyl, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73418159
  • Last Updated: 09/04/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/18/2025Active$275,000$75MLSPIN
08/14/2025New$275,000$75MLSPIN

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Seller's Representative: Maher Khatib, M B C REALTORS®
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 2025-09-04 16:24:00

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