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.
Multi-familyProperty Type
1913Year Built
7,000 sq ftLot Size
$120Price/Sq.Ft.
Listed by Cassandra Swaby• Berkshire Hathaway HomeServices Realty Professionals
Listed by • Berkshire Hathaway HomeServices Realty Professionals
South End, located between Downtown Springfield and Forest Park, is a historic and residential Springfield neighborhood with brick rowhouses and tree-lined blocks. The neighborhood’s character concentrates around the Sumner Avenue and Belmont Avenue corridor, where corner markets, longtime eateries, and storefront services keep the sidewalks active. Forest Park’s stone bridges and pond paths set a green edge for daily routines. The Quadrangle’s museums and the Springfield Symphony Orchestra add a cultural throughline nearby. Streets of late-19th-century homes mix with small apartment buildings and civic institutions. Transit and walkable commercial strips shape an urban, lived-in rhythm.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
22 total rooms
Full basement
Bedrooms
Unit 1: 1 level
Unit 2: 1 level
Bathrooms
12 full bathrooms
Heating & cooling
1 heating unit
No central cooling units reported
Exterior features
Corner lot
Public road frontage
Property located at end of Warriner Avenue (Locust St to Warriner Ave)
Home design
5+ family building with units up and down
4 total stories
Parking
Off-street parking (no open parking spaces reported)
Construction
Brick/mortar foundation
Built (year per public records)
Utilities
Public water
Public sewer
Electricity individually metered
HOA & community
Not a senior community
Community access to public transportation, shopping, highway access, and public schools
Electricity and solar
View estimated energy costs and solar savings for this home
Stunning 12-Unit Apartment Building in Prime Location! Welcome to your next investment opportunity. This exceptional 12-unit apartment building is fully occupied, perfectly situated in a highly desirable neighborhood on a dead-end street with an adjacent lot (0.16 acres/7,000sqft) that is also for sale (MLS #73262765). The building comprises a mix of spacious one-bedroom and two-bedroom units with two units convertible from one to two bedrooms. Each unit has been thoughtfully designed with modern amenities and stylish finishes, ensuring a high-quality living experience for tenants. With a strong rental history and high demand in the area, this building presents a lucrative investment opportunity. The well-maintained property ensures low maintenance costs and steady cash flow. This 12-unit apartment building is a rare find in such a prime location.
APPFOLIO #4
Jun 2, 2024
Rental Removed
$1,800
$0/sq ft
May 17, 2024
Listed for Rent
$1,800
$0/sq ft
APPFOLIO #3
Apr 10, 2024
Rental Removed
$1,750
$0/sq ft
Apr 2, 2024
Listed for Rent
$1,750
$0/sq ft
APPFOLIO #2
Mar 22, 2024
Rental Removed
$1,200
$0/sq ft
Mar 13, 2024
Listed for Rent
$1,200
$0/sq ft
APPFOLIO #1
Mar 13, 2024
Rental Removed
$1,200
$0/sq ft
Mar 13, 2024
Listed for Rent
$1,200
$0/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$10,508 (+1.5%)
$109,200 + $507,100
$616,300
2022
$10,353 (+1.0%)
$99,600 + $450,500
$550,100
2021
$10,248 (−0.3%)
$99,600 + $442,600
$542,200
2020
$10,277 (−3.7%)
$99,600 + $426,600
$526,200
2019
$10,667 (+22.0%)
$78,000 + $464,000
$542,000
2018
$8,744 (+8.1%)
$78,000 + $366,300
$444,300
2017
$8,088 (+7.1%)
$78,000 + $333,400
$411,400
2016
$7,549 (−1.2%)
$78,000 + $306,000
$384,000
2015
$7,644 (+13.3%)
$78,000 + $310,600
$388,600
2014
$6,747 (+4.4%)
$78,000 + $264,300
$342,300
2013
$6,465 (−0.6%)
$78,000 + $250,000
$328,000
2012
$6,504 (−14.9%)
$78,000 + $250,000
$328,000
2011
$7,640
$90,000 + $302,000
$392,000
Public record
Public record
Zoning
Beds
15
Baths
—
Stories
4
Lot width
—
Lot depth
—
Lot size
6,970 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
13,755
Year built
1913
Style
Multi-Family (5+ Unit)
County
Hampden County
APN
2610810
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
RES C
High Density Residential District
Multi-family residential
Permitted uses
Include but are not limited to:
Agriculture
Garden center
Housing-Senior
Housing-Other
Historical weather
Springfield, MA • 01108
Average low and high temperatures (°F)
32
18
35
19
52
32
62
41
70
51
82
61
87
67
82
59
76
56
66
44
52
35
37
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
72/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.1 hrs
3.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 40 Warriner Ave
There isn’t enough information to generate an accurate estimate at this time. Learn More