OFF MARKET

Off market jul 2025 for $465K

$522,163

Est. refi paymentEst. refi $658/mo

•

3,856

sq ft

38 Palmer Ave, Springfield, MA 01108

About this home

Owner/occupant with 20% down could live rent free in this income producing property as rent from 2 apartments would cover mortgage payments. Investors take notice this 3 family home has been completely renovated and is Lead Compliant! You do not want to miss the income potential in this property! 1st and 2nd flr units have 3-4 bedrooms with one bath, 3rd flr unit has 2-3 bed 1 bath. Gas Heat in all 3 units. First and Second Floors have new furnaces, new water heaters, kitchens updated, new tile flooring in bathrooms, hardwood floors, interior walls in the units have been redone, and so much more. New roof 2021. 1st and 2nd floor 1,383 sq ft units will be delivered vacant for owner/occupant or to rent out (previous tenant's paid $1,760 and $1,590 respectively, but market rates are now higher). 3rd floor 1,037 sq ft unit is rented for $940.

Multi-familyProperty Type

1895Year Built

6,969 sq ftLot Size

$135Est. Price/Sq.Ft.

4 spacesParking

Listed by Michelle Lorenzetti • Michelle Lorenzetti

Bought with Michelle Lorenzetti • Michelle Lorenzetti

Redfin checked: 3 minutes ago

•Source:MLS PIN #73364870

Redfin Estimate

$522,163

$57K since sold in July 2025$8,000 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 61.2% higher than the average sale price ($324K) of 6 comparable homes.

SOLD AUG 28, 2026
$425,000
A
8 beds3 baths3,432 sq ft
42 Hall St, Springfield, MA 01108
SOLD MAR 31, 2026
$300,000
B
8 beds3 baths4,285 sq ft
77 Fort Pleasant Ave, Springfield, MA 01108
SOLD JUN 15, 2026
$38,000
C
6 beds2 baths3,384 sq ft
20-22 Acushnet Ave, Springfield, MA 01105
SOLD JUL 15, 2026
$430,000
D
8 beds3 baths3,310 sq ft
48 Acushnet Ave, Springfield, MA 01105
SOLD SEP 21, 2026
$420,000
E
8 beds3 baths2,640 sq ft
52 Acushnet St, Springfield, MA 01105
SOLD FEB 10, 2026
$330,000
F
8 beds3 baths3,499 sq ft
44 Belmont Ave, Springfield, MA 01108

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Earn from this home

Sell

$131,285

Est. take-home

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Est. cash available

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Market trends in 01108, MA

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

101.6%

0.2% MoM

Median sale price

$365K

$18K MoM

Avg. days on market

27d

1 days MoM

Recently sold homes

7 MoM

New listings for sale

$169,999
3 beds1.5 baths1,496 sq ft
393 Oakland St, Springfield, MA 01108
3D WALKTHROUGH
$550,000
6 beds4 baths4,352 sq ft
432 Longhill St, Springfield, MA 01108
OPEN TODAY, 12PM TO 1:30PM
$299,999
3 beds2 baths1,075 sq ft
141 Shawmut St, Springfield, MA 01108
$169,000
1 bed1 bath590 sq ft
34 Sumner Ave #402, Springfield, MA 01108
$179,000
2 beds2 baths925 sq ft
34 Sumner Ave #208, Springfield, MA 01108
34 Sumner Ave #301, Springfield, MA 01108
$209,000
2 beds2 baths925 sq ft
34 Sumner Ave #301, Springfield, MA 01108
OPEN TODAY, 12PM TO 1:30PM
$369,900
6 beds1.5 baths2,284 sq ft
655 Belmont Ave, Springfield, MA 01108
$450,000
6 beds3 baths4,774 sq ft
84-86 Forest Park Ave, Springfield, MA 01108
OPEN TODAY, 11AM TO 12:30PM
$385,000
6 beds2 baths2,324 sq ft
28 Marengo Park, Springfield, MA 01108
$450,000
6 beds2 baths2,800 sq ft
52-54 Draper St, Springfield, MA 01108
See all

Provided by Redfin

Sale history for 38 Palmer Ave

Date

Event

Price

MLS PIN #73364870

Jul 21, 2025

Sold

$465,000

$121/sq ft

Apr 25, 2025

Listed

$449,999

$117/sq ft

MLS PIN #72011109

Aug 24, 2016

Sold

$170,000

$44/sq ft

May 24, 2016

Listed

$182,000

$47/sq ft

Investors Take Notice this 3 family home has been completely renovated and is Lead Compliant! You do not want to miss the income potential in this property! 1st and 2nd flr units have 3-4 bedrooms with one bath, 3rd flr unit has 2-3 bed 1 bath. Gas Heat in all 3 units. First and Second Floors have new furnaces, new water heaters, kitchens updated, new tile flooring in bathrooms, hardwood floors, interior walls in the units have been redone, and so much more .

MLS PIN #71385617

Oct 19, 2012

Sold

$101,812

$26/sq ft

May 21, 2012

Listed

$115,624

$30/sq ft

Great Investment Property or Move In and let your tenants pay your mortgage! Family Owned and Occupied for Many Years! Three Spacious Apartments, With a Total of 16 Rooms, and 7 Bedrooms! Over 3800 Sq. Ft. of Living Space! Enclosed Porches, Wood Floors under Carpet (APO). Off-Street Parking, Fenced Yard. A Must See at this Great Price! Convenient Location… Minutes to Downtown, Major Routes & Highways!

Year

Property tax

Land + Additions

Assessment*

2023

$3,526 (−6.6%)

$22,800 + $184,000

$206,800

2022

$3,777 (+7.5%)

$20,800 + $179,900

$200,700

2021

$3,515

$18,900 + $167,100

$186,000

2020

$3,517 (+10.0%)

$18,900 + $161,200

$180,100

2019

$3,198 (−6.0%)

$18,900 + $143,600

$162,500

2018

$3,401 (+4.0%)

$18,900 + $153,900

$172,800

2017

$3,269 (+17.3%)

$16,700 + $149,600

$166,300

2016

$2,788 (−1.2%)

$16,700 + $125,100

$141,800

2015

$2,821 (−2.4%)

$16,700 + $126,700

$143,400

2014

$2,891 (+7.1%)

$17,900 + $128,800

$146,700

2013

$2,700 (−0.9%)

$17,900 + $119,100

$137,000

2012

$2,725 (−7.8%)

$17,900 + $119,500

$137,400

2011

$2,957

$27,500 + $124,200

$151,700

Tax history for 38 Palmer Ave

Year

Property tax

Land + Additions

Assessment*

2023

$3,526 (−6.6%)

$22,800 + $184,000

$206,800

2022

$3,777 (+7.5%)

$20,800 + $179,900

$200,700

2021

$3,515

$18,900 + $167,100

$186,000

2020

$3,517 (+10.0%)

$18,900 + $161,200

$180,100

2019

$3,198 (−6.0%)

$18,900 + $143,600

$162,500

2018

$3,401 (+4.0%)

$18,900 + $153,900

$172,800

2017

$3,269 (+17.3%)

$16,700 + $149,600

$166,300

2016

$2,788 (−1.2%)

$16,700 + $125,100

$141,800

2015

$2,821 (−2.4%)

$16,700 + $126,700

$143,400

2014

$2,891 (+7.1%)

$17,900 + $128,800

$146,700

2013

$2,700 (−0.9%)

$17,900 + $119,100

$137,000

2012

$2,725 (−7.8%)

$17,900 + $119,500

$137,400

2011

$2,957

$27,500 + $124,200

$151,700

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

6,970 Sq. Ft.

Year renovated

2016

Sq. Ft.

3,803

Year built

1895

Style

Multi-Family (2-4 Unit)

County

Hampden County

APN

2599813

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 20, 2023.

Property details

Parking

Parking Information
Has Open Parking
Parking Spaces: 4
Parking Features: Off Street, Paved

Interior

Bathroom Information
# of Bathrooms (Full): 3

Basement Information
Basement: Full, Unfinished

Interior Features
# of Rooms (Total): 17
Flooring: Tile, Carpet, Laminate, Hardwood, Wood, Stone/Ceramic Tile
Interior Features: Ceiling Fan(s), Bathroom With Tub & Shower, Pantry, Other, Living Room, Dining Room, Kitchen

Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N

Unit #2 Information
# of Levels: 1
# of Floors: 2
Lease: N

Unit #3 Information
# of Levels: 1
# of Floors: 3
Lease: Y

Exterior

Building Information
Building Area (Total): 3,856
Foundation Details: Concrete Perimeter
Construction Materials: Frame, Stone
Stories (Total): 3
Year Built Source: Public Records
Year Built Details: Actual
Color: Green
Lead Paint: None

Exterior Features
Fencing: Fenced/Enclosed, Fenced
Roof: Shingle
Patio And Porch Features: Enclosed
Exterior Features: Rain Gutters

Property Information
PropertySubType: 3 Family - 3 Units Up/Down

Lot Information
Lot Size (Acres): 0.16
Lot Features: Level
Road Frontage Type: Public

Financial

Tax Information
Tax Annual Amount: $5,304
Tax Year: 2024

Utilities

Utility Information
Sewer: Public Sewer
Water Source: Public

Heating & Cooling
Has Heating
Heating: Baseboard, Natural Gas

Location

Location Information
Directions: GPS FRIENDLY
UnparsedAddress: 38 Palmer Avenue, Springfield MA 01108

Community Information
Senior CommunityYN: No
Community Features: Public School, Sidewalks

Public facts

Beds: 6
Baths: 3.0
Sq. Ft.: 3,803
Stories: 3.0
Lot Size: 6,970 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1895
Year Renovated: 2016
County: Hampden County
APN: 2599813

Home facts updated by county records on Jul 19, 2023

Other

Miscellaneous Information
Heat Zones: 3

Listing Information
StandardStatus: Closed

Around this home

Schools

K - 12
Preschool & daycare

Springfield Public Day Elementary School

Public 1-5 • Assigned • 2.0mi

2/10

South End Middle School

Public 6-8 • Assigned • 0.4mi

3/10

High School Of Commerce

Public 9-12 • Assigned • 1.0mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Historical weather

Springfield, MA • 01108

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.1 hours in June and 4.3 hours in December, placing it below the U.S. average for solar exposure.

9.1 hrs

4.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$497,000 – $601,000

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Home values near 38 Palmer Ave

Data from public records.

Address	Redfin Estimate
54 Palmer Avenue, Springfield, MA 4 Beds \| 2 Baths \| 3476 Sq. Ft.	$369,822
37 Palmer Avenue, Springfield, MA 6 Beds \| 3 Baths \| 3321 Sq. Ft.	$374,590
53 Palmer Avenue, Springfield, MA 8 Beds \| 2 Baths \| 3679 Sq. Ft.	—
42 Palmer Avenue, Springfield, MA 4 Beds \| 2 Baths \| 2425 Sq. Ft.	—
20 Palmer Avenue, Springfield, MA 6 Beds \| 3 Baths \| 3005 Sq. Ft.	$455,077
24-26 Palmer Avenue, Springfield, MA 6 Beds \| 2 Baths \| 4084 Sq. Ft.	$383,356
39 Acushnet Avenue, Springfield, MA 8 Beds \| 3 Baths \| 3000 Sq. Ft.	—

Address	Redfin Estimate
25 Palmer Avenue, Springfield, MA 4 Beds \| 2 Baths \| 2986 Sq. Ft.	$363,264
43 Palmer Avenue, Springfield, MA 6 Beds \| 2 Baths \| 3581 Sq. Ft.	$427,387
56 Palmer Avenue, Springfield, MA 4 Beds \| 2 Baths \| 2436 Sq. Ft.	$350,614
30 Palmer Avenue, Springfield, MA 8 Beds \| 3 Baths \| 2275 Sq. Ft.	$376,090
59 Palmer Avenue, Springfield, MA 8 Beds \| 2 Baths \| 3132 Sq. Ft.	$411,806
42-44 Palmer Avenue, Springfield, MA 8 Beds \| 3 Baths \| 2425 Sq. Ft.	$449,850
43 Acushnet Avenue, Springfield, MA 6 Beds \| 3 Baths \| 2890 Sq. Ft.	$279,422

Address	Redfin Estimate
31 Palmer Avenue, Springfield, MA 7 Beds \| 3 Baths \| 2672 Sq. Ft.	$379,967
49 Palmer Avenue, Springfield, MA 6 Beds \| 3 Baths \| 2741 Sq. Ft.	$350,969
48 Palmer Avenue, Springfield, MA 6 Beds \| 2 Baths \| 3047 Sq. Ft.	$351,961
24 Palmer Avenue, Springfield, MA 6 Beds \| 2 Baths \| 3333 Sq. Ft.	$400,069
43 Palmer, Springfield, - 9 Beds \| 2 Baths \| 3575 Sq. Ft.	$455,764
56-58 Palmer Avenue, Springfield, MA 4 Beds \| 2 Baths \| 2495 Sq. Ft.	$264,145
49 Acushnet Avenue, Springfield, MA 6 Beds \| 3 Baths \| 2958 Sq. Ft.	$401,549

Property information provided by MLS PIN when last listed in 2025. This data may not match . Learn more.

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