132 Alderman St Springfield, MA 01108
Forest Park NeighborhoodEstimated payment $2,402/month
Highlights
- Golf Course Community
- Property is near public transit
- Corner Lot
- Medical Services
- Wood Flooring
- Community Pool
About This Home
Price improvement! Turnkey 2-Family w/3rd-Floor Suite, Strong Investment Opportunity! Well-maintained two-family, 3-floor investment property. Recent updates include newer vinyl siding, energy-efficient vinyl windows, updated HVAC furnaces, newer hot water heater, upgraded kitchens& bath w/newer appliances. 2 of the 3 units are VACANT! Investors have multiple options to maximize returns. Consider renting by the rm. for higher profitability or converting into a short-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, looking for a strong income-producing property, Or TURNKEY OWNER OCCUPIED, let this is an opportunity you don't want to miss! Let the tenants pay down your mortgage!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,295
Year Built
- Built in 1911
Lot Details
- 4,369 Sq Ft Lot
- Fenced
- Corner Lot
- Level Lot
Home Design
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,433 Sq Ft Home
- Property has 1 Level
- Ceiling Fan
- Gas Fireplace
- Insulated Windows
- Window Screens
- Insulated Doors
- Combination Dining and Living Room
- Storage
- Washer and Dryer Hookup
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Microwave
Flooring
- Wood
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 9 Bedrooms
- Walk-In Closet
- 3 Full Bathrooms
- Bathtub with Shower
Parking
- 3 Car Parking Spaces
- Off-Street Parking
Outdoor Features
- Balcony
- Covered Patio or Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Natural Gas
- 100 Amp Service
Listing and Financial Details
- Rent includes unit 1(water), unit 2(heat electric gas water hot water), unit 3(heat electric gas water hot water)
- Assessor Parcel Number 2570562
Community Details
Overview
- 3 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Tennis Courts
- Community Pool
- Park
- Jogging Path
- Bike Trail
Building Details
- Water Sewer Expense $2,700
- Operating Expense $5,900
- Net Operating Income $28,900
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,731 | $365,500 | $29,400 | $336,100 |
| 2024 | $5,295 | $329,700 | $29,400 | $300,300 |
| 2023 | $5,395 | $316,400 | $26,700 | $289,700 |
| 2022 | $4,314 | $229,200 | $25,000 | $204,200 |
| 2021 | $3,468 | $183,500 | $22,700 | $160,800 |
| 2020 | $3,195 | $163,600 | $22,700 | $140,900 |
| 2019 | $3,318 | $168,600 | $22,700 | $145,900 |
| 2018 | $3,145 | $159,800 | $22,700 | $137,100 |
| 2017 | $2,943 | $149,700 | $21,300 | $128,400 |
| 2016 | $2,499 | $127,100 | $21,300 | $105,800 |
| 2015 | $2,410 | $122,500 | $21,300 | $101,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/11/2025 09/11/25 | Price Changed | $368,000 | -5.4% | $107 / Sq Ft |
| 09/01/2025 09/01/25 | For Sale | $389,000 | 0.0% | $113 / Sq Ft |
| 07/30/2025 07/30/25 | Off Market | $389,000 | -- | -- |
| 07/08/2025 07/08/25 | For Sale | $389,000 | +30.5% | $113 / Sq Ft |
| 08/06/2021 08/06/21 | Sold | $298,000 | +6.4% | $99 / Sq Ft |
| 07/06/2021 07/06/21 | Pending | -- | -- | -- |
| 06/25/2021 06/25/21 | For Sale | $280,000 | +78.9% | $93 / Sq Ft |
| 09/21/2015 09/21/15 | Sold | $156,500 | -1.6% | $62 / Sq Ft |
| 08/22/2015 08/22/15 | Pending | -- | -- | -- |
| 07/17/2015 07/17/15 | For Sale | $159,000 | +189.1% | $63 / Sq Ft |
| 07/31/2012 07/31/12 | Sold | $55,000 | +14.6% | $22 / Sq Ft |
| 07/01/2012 07/01/12 | Pending | -- | -- | -- |
| 06/11/2012 06/11/12 | For Sale | $48,000 | -- | $19 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $298,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Not Resolvable | $156,500 | -- | |
| Not Resolvable | $55,000 | -- | |
| Foreclosure Deed | $96,300 | -- | |
| Deed | $115,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $292,602 | FHA | |
| Previous Owner | $96,500 | New Conventional | |
| Previous Owner | $18,158 | No Value Available | |
| Previous Owner | $122,000 | No Value Available | |
| Previous Owner | $24,820 | No Value Available | |
| Previous Owner | $10,532 | No Value Available | |
| Previous Owner | $98,600 | Purchase Money Mortgage |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73401130
APN: SPRI-000210-000000-000034
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