40 Warriner Ave Springfield — Photo 1 of 23
$1,650,000
Investment Analysis — 40 Warriner Ave
Springfield, MA 01108
Based on rent reported on the MLS listing, a 12-unit multi-family in 01108 carries $17,400/mo in gross rent — about a 8.78% cap rate and $144,871/yr in estimated NOI at the $1,650,000 list price. Adjust every assumption in the calculator below.
Beds
12
Baths
12
SqFt
13,755
Style
5+ Family - 5+ Units Up/Down
Built
1913
Excellent investment opportunity! This 12-unit multifamily property offers strong income potential in a convenient Springfield location. Major improvements completed in 2025 and 2026 include a NEW ROOF and NEW HEATING SYSTEM. The property features a mix of spacious apartment layouts with separate utilities.Additional Value-Add Potential: Sale includes adjacent approximately 7,000 SF parcel (62.5' x 112'), currently utilized for off-street parking for the existing 12-unit property. The additional parcel may offer future development, site optimization, or expanded-use potential, subject to buyer due diligence and all applicable zoning, parking, permitting, and municipal approvals. An excellent opportunity for an investor to explore additional value beyond the strong in-place multifamily income. Well suited for an investor looking to add a substantial multifamily asset to their portfolio. Conveniently located near shopping, restaurants, public transportation and major routes. Showings by appointment only. Please do not disturb tenants. Buyer and buyer’s agent to verify all information and perform their own due diligence.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Highway Access • Public School
Geography
Property History
$1,650,000
Sep 2, 2026
MLS® 73571198
$1,395,000
Nov 4, 2024
MLS® 73262767
$1,499,999
Jul 10, 2024
MLS® 73262767
Listing Agent: Cassandra Swaby
Listing Office: Berkshire Hathaway HomeServices Realty Professionals
MLS® Number: 73571198