Sold
Last Sold Price
10 beds4,420 sqft
42-46 Baldwin St, Springfield, MA 01104
Multi FamilyProperty Type
0.23 acresLot Size
1941Year Built
$117/sq ftPrice per sq ft
6 carsParking Spaces

Description

This investment property, located in the heart of Springfield, offers a compelling opportunity with a 10% cap rate. It features four well-maintained units: two 3-bedroom units and two 2-bedroom units, all fully lead certified. One of the 3-bedroom units has been recently updated with new flooring, a new furnace, and appliances. Additional improvements across the property include a new boiler, storm doors, flooring and appliances, ensuring the property remains in top condition and attractive to potential...This investment property, located in the heart of Springfield, offers a compelling opportunity with a 10% cap rate. It features four well-maintained units: two 3-bedroom units and two 2-bedroom units, all fully lead certified. One of the 3-bedroom units has been recently updated with new flooring, a new furnace, and appliances. Additional improvements across the property include a new boiler, storm doors, flooring and appliances, ensuring the property remains in top condition and attractive to potential tenants and investors. Don't miss out on this exceptional investment opportunity and schedule your tour today!
  • Listed by: Mela Dieujuste • BKaye Realty
Listing closed: 06/27/2024 12:00 AM • Source: MLS PIN, MLS#: 73242343

Recent comparable sales

Median sold price

$500,000

Avg days on market

35

Sale-to-list ratio

101.2%

Springfield, MA

9 comparable properties found

$500,000 | 20-24 Baldwin Street, Springfield, MA 01104
1/38
1

$500,000

Sold 10/31/24

10
Bedrooms
4,420
Square Feet
0.20
Acres
a view of a house with a yard
1/39
2

$533,500

Sold 10/17/25

10
Bedrooms
4,420
Square Feet
0.18
Acres
a kitchen with white cabinets and stainless steel appliances
1/22
3

$430,000

Sold 05/05/25

10
Bedrooms
4,120
Square Feet
0.11
Acres
front view of a house with a yard
1/27
4

$649,000

Sold 11/25/25

9
Bedrooms
4,420
Square Feet
0.23
Acres
$370,000 | 27-29 Wilcox Street, Springfield, MA 01105
1/43
5

$370,000

Sold 11/14/24

10
Bedrooms
4,500
Square Feet
0.13
Acres
$480,000 | 129-135 Putnam Circle, Springfield, MA 01104
1/26
6

$480,000

Sold 10/31/24

9
Bedrooms
3,545
Square Feet
0.21
Acres
a front view of a house with a yard
1/2
7

$500,000

Sold 11/06/24

10
Bedrooms
3,595
Square Feet
0.11
Acres
$570,000 | 55-59 Margaret Street, Springfield, MA 01105
1/24
8

$570,000

Sold 08/04/26

11
Bedrooms
4,500
Square Feet
0.09
Acres
$475,000 | 26-28 Whittier Street, Springfield, MA 01108
1/32
9

$475,000

Sold 05/23/25

10
Bedrooms
4,082
Square Feet
0.11
Acres

Location

Listing Courtesy of BKaye Realty, Mela Dieujuste

Sold By BKaye Realty, Mela Dieujuste

Add your commute

Payment Calculator

$3,095 per month

30 year fixed, 6.71% Interest

Principal and Interest

$2,661

Property Taxes

$433

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 42-46 Baldwin Street

Property Details
  • Taxes: $5,200 / year
  • MLS Type: Multi-family / 4 Family
  • Town: Springfield
  • Area: MA-Springfield
  • Garage Spaces: 0
  • Parking Spaces Total: 6
Building Information
  • Stories: 8
  • Residences: 4
  • Year Built: 1941
  • Lot Size: 0.23 AC / 10,014 SF
General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, House of Worship, Public School
  • Current Financing: Conv. Fixed
  • Living Area: 4420.0
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Construction: Frame, Brick
  • Lot Description: Corner Lot
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Electric: Circuit Breakers
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Responsibility: Public Maintained Road
  • Disclosures: Pictures of the unit posted were taken prior to tenant moving in. Each unit has it's own access to separate basement space. All appliances belongs to Owner. Rents are higher in 2024 than they were from the tax data for 2023. 2023 NOI $51181; 2024 NOI projected at $54361 based on current rent.
Tax Information
  • Tax ID: S:00880 P:0006,2572390
  • Assessments: $305,000
  • Book: 24499
  • Tax Year: 2023
  • Zoning: R3
Building / Association Information
Living Characteristics
  • Beds Total: 10
  • Total Living Levels: 8
Other Building Characteristics
  • Foundation: Concrete Perimeter
Income / Expenses
  • Annual Expenses Source: Tax Return
  • GOI: $70,440.00
  • GRE: $19,259
  • NOI: $51,181.00
  • Operating Expense: $19,259.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 2
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 2
Unit 3 Description
  • Floor U3: 1
  • Lease U3: Y
  • Levels U3: 2
Unit 4 Description
  • Floor U4: 1
  • Lease U4: Y
  • Levels U4: 2
Rental Info
Rental Info
  • Total Actual Rent: $6,135.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 0
  • Other Agent Compensation: 0

Property History for 42-46 Baldwin Street

DateEvent & SourcePriceAppreciation
Jun 27, 2024

Sold

MLS PIN #73242343

$515,000
Jun 2, 2024

Under Agreement

MLS PIN #73242343

Jun 2, 2024

Contingent

MLS PIN #73242343

DateEvent & SourcePrice
06/27/2024

Sold

MLS PIN #73242343

$515,000
06/02/2024

Under Agreement

MLS PIN #73242343

06/02/2024

Contingent

MLS PIN #73242343

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 42-46 Baldwin Street

Taxable ValueLand$39,800Additions$316,600Total$356,400
Tax Record2024$5,724 ($477 / month)
Home Facts
Total Finished SqFt4,420 SqFtAbove Grade Finished SqFt4,420 SqFtStories2Lot Size10,014 SqFtStyleMulti-Family Res (5+ Units)Year Built1941ZoningR3CountyHAMPDENAPNSPRI S:00880 P:0006

Schools near 42-46 Baldwin Street

This home is within Springfield School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Mary O Pottenger Elementary School
PublicPK to 5

Van Sickle Academy
Public6 to 8

Putnam Vocational Technical High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 42-46 Baldwin Street, Springfield, MA 01104
$515,000
10
4,420
10,014
$203,000
10
10,013
$230,000
4,420
10,014
$76,500
2
1,248
8,908
$145,400
4,420
8,546
$289,900
9
4,420
9,409

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BKaye Realty, Mela Dieujuste

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.