43 Colonial Ave Springfield, MA 01109
Upper Hill NeighborhoodEstimated payment $1,397/month
Highlights
- Property is near public transit
- 2 Car Garage
- Coin Laundry
- Shops
About This Home
Don’t miss this fantastic two-family home—perfect for investors, flippers, or handy buyers looking for strong upside potential. Currently occupied but will be delivered fully vacant at closing, giving you a clean slate to renovate, flip, or buy-and-hold for long-term cash flow.Both units offer spacious layouts, and the property includes additional bonus rooms and a full bathroom on the third floor, providing even more flexibility for expansion or creative use. There are also extra finished rooms in the basement along with another full bath, ideal for storage, workspace, or future value-add opportunities.A 2 car garage is included, adding convenience and extra utility for tenants or owners.Located close to American International College (AIC), this property sits in a high-demand rental area. With just a few repairs, this becomes a prime flip or a strong cash-flowing addition to your portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,888
Year Built
- Built in 1904
Lot Details
- 5,001 Sq Ft Lot
Parking
- 2 Car Garage
Home Design
- Brick Foundation
Interior Spaces
- 2,514 Sq Ft Home
- Property has 1 Level
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Full Bathrooms
Location
- Property is near public transit
- Property is near schools
Listing and Financial Details
- Assessor Parcel Number S:03040 P:0023,2579220
Community Details
Overview
- 2 Units
Amenities
- Shops
- Coin Laundry
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 | $2,888 | $184,200 | $30,000 | $154,200 |
| 2024 | $2,632 | $163,900 | $30,000 | $133,900 |
| 2023 | $2,481 | $145,500 | $27,300 | $118,200 |
| 2022 | $3,060 | $162,600 | $25,500 | $137,100 |
| 2021 | $2,854 | $151,000 | $18,100 | $132,900 |
| 2020 | $2,787 | $142,700 | $18,100 | $124,600 |
| 2019 | $2,399 | $121,900 | $15,400 | $106,500 |
| 2018 | $2,263 | $115,000 | $15,400 | $99,600 |
| 2017 | $2,135 | $108,600 | $14,500 | $94,100 |
| 2016 | $1,862 | $94,700 | $14,500 | $80,200 |
| 2015 | $1,859 | $94,500 | $14,500 | $80,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/13/2025 11/13/25 | Pending | -- | -- | -- |
| 11/05/2025 11/05/25 | For Sale | $220,000 | -- | $88 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | $742 | -- | |
| Deed | $108,538 | -- | |
| Deed | $35,000 | -- | |
| Foreclosure Deed | $77,700 | -- | |
| Deed | $93,000 | -- | |
| Deed | $33,500 | -- | |
| Foreclosure Deed | $44,000 | -- | |
| Deed | $72,000 | -- | |
| Foreclosure Deed | $35,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $105,786 | FHA | |
| Previous Owner | $93,000 | Purchase Money Mortgage | |
| Previous Owner | $24,400 | No Value Available | |
| Previous Owner | $47,600 | Purchase Money Mortgage |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73451355
APN: SPRI-003040-000000-000023
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