482 Chestnut St Springfield, MA 01107
Memorial Square NeighborhoodEstimated payment $1,693/month
Highlights
- Deck
- 2 Fireplaces
- Porch
- Wood Flooring
- Corner Lot
- Combination Dining and Living Room
About This Home
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
Home Type
- Multi-Family
Est. Annual Taxes
- $2,818
Year Built
- Built in 1895
Lot Details
- 5,606 Sq Ft Lot
- Corner Lot
Home Design
- Brick Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,679 Sq Ft Home
- Property has 1 Level
- 2 Fireplaces
- Family Room
- Combination Dining and Living Room
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
Partially Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 2 Car Parking Spaces
- Off-Street Parking
Outdoor Features
- Deck
- Porch
Utilities
- Heating System Uses Natural Gas
- Heating System Uses Steam
Community Details
- 3 Units
- Net Operating Income $8,400
Listing and Financial Details
- Assessor Parcel Number S:02750 P:0153,2578102
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 | $2,818 | $179,700 | $30,700 | $149,000 |
| 2024 | $2,791 | $173,800 | $30,700 | $143,100 |
| 2023 | $2,593 | $152,100 | $22,300 | $129,800 |
| 2022 | $3,179 | $168,900 | $20,300 | $148,600 |
| 2021 | $2,935 | $155,300 | $18,500 | $136,800 |
| 2020 | $2,769 | $141,800 | $18,500 | $123,300 |
| 2019 | $2,275 | $115,600 | $18,500 | $97,100 |
| 2018 | $2,515 | $127,800 | $18,500 | $109,300 |
| 2017 | $2,414 | $122,800 | $17,800 | $105,000 |
| 2016 | $2,709 | $137,800 | $17,800 | $120,000 |
| 2015 | $2,624 | $133,400 | $17,800 | $115,600 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/14/2025 08/14/25 | For Sale | $275,000 | -- | $75 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $210,000 | -- | |
| Warranty Deed | $75,000 | -- | |
| Warranty Deed | $75,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $250,000 | New Conventional |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73418159
APN: SPRI-002750-000000-000153
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