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Seller's Agent in 2025
Michael Gilman
3GEN Real Estate Inc
(917) 710-0899
16 Total Sales
Estimated Value: $213,000 - $353,000
Well maintained 3plex located in a desirable quaint residential Springfield neighborhood with a NOI of over $28,000 and listed at over a 12%+ cap rate. This property features a desirable mix of spacious 2x2br/1ba and 1x1br/1ba, and a 5 car driveway. This building has been recently renovated and updated, and is 100% occupied. Current gross income is north of $44,000
A new owner can step into to this turnkey and property starting year 1 based on current numbers to realize significant returns from cash-flow vs speculation. Or live in one unit while renting the others. Either way, you can take advantage of 100% bonus depreciation on this asset.
Springfield is undergoing significant growth and investment, and this is an excellent opportunity to acquire a high cash flow property at a low valuation. The property is also available with a 34 Union St, a 4plex next door (see MLS#5028828) as discount. Listing Broker is a member of the LLC selling the property. Reach out directly for property OM and financials.
Date | Buyer | Sale Price | Title Company |
---|---|---|---|
Belliveau Jenny | $350,000 | -- |
Date | Event | Price | List to Sale | Price per Sq Ft |
---|---|---|---|---|
07/29/2025 07/29/25 | For Sale | $220,000 | -- | $83 / Sq Ft |
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 |
---|---|---|---|---|
2024 | $2,274 | $64,300 | $18,500 | $45,800 |
2023 | $918 | $64,300 | $18,500 | $45,800 |
2022 | $2,001 | $62,000 | $18,500 | $43,500 |
2021 | $2,335 | $62,500 | $14,800 | $47,700 |
2020 | $2,308 | $62,500 | $14,800 | $47,700 |
2019 | $2,216 | $62,500 | $14,800 | $47,700 |
2018 | $2,241 | $62,500 | $14,800 | $47,700 |
2016 | $3,080 | $105,700 | $24,000 | $81,700 |
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Seller's Agent in 2025
Michael Gilman
3GEN Real Estate Inc
(917) 710-0899
16 Total Sales