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You are here:
Home Massachusetts Springfield Multi-Family Homes for Sale

38-40 Webster St Springfield, MA 01104

4 Days on Boston Pads
2 Photos
$299,900
2 Unit
8 Beds
2 Baths
2722 SQFT
0.11 Acre
38-40 Webster St
Springfield, MA 01104

Property Description

Prime investment opportunity in the desirable Liberty Heights neighborhood of Springfield! This spacious 2-family home boasts two 8-bedroom units, offering tremendous potential for high rental income. Each unit is equipped with separate utilities and currently has month-to-month tenants, ensuring immediate cash flow. With large living spaces, hardwood floors, updated kitchens, and plenty of storage, this property is perfect for investors seeking long-term value. Off-street parking and a sizable backyard enhance the property’s appeal. Conveniently located near major highways, public transit, shopping, and schools. A great opportunity to add a high-income property to your portfolio—schedule a showing today!

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 8
  • Total Full Baths: 2
  • Amenities: Highway Access, Medical Facility, Other (See Remarks), Park, Public Transportation

Financial

  • APOD Available: No
  • Gross Operating Income: 45600
  • Net Operating Income: 45600

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1901
  • Foundation Info: Other (See Remarks)
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73323192
  • Last Updated: 01/09/25

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
01/09/2025Active$299,900$110MLSPIN
01/05/2025New$299,900$110MLSPIN

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Map & Resources

Springfield Conservatory of the Arts

School

0.1mi

Springfield Technical Community College

University

0.39mi

Edward P. Boland School

Public Elementary School, Grades: PK-5

0.43mi

Springfield Public Day Elementary School

Public Elementary School, Grades: PK-5

0.45mi

Alfred G. Zanetti Montessori Magnet School

Public Elementary School, Grades: PK-8

0.49mi

Gateway to College at Springfield Technical Community College

Public Secondary School, Grades: 9-12

0.51mi

RFK Academy School

Special Education, Grades: 5-12

0.59mi

Libertas Academy Charter School

Charter School, Grades: 6-11

0.59mi

Deweys

Bar

0.67mi

Smith's Billiards

Bar

0.7mi

White Lion Brewery

Bar

0.79mi

Commonwealth Bar and Lounge

Bar

0.97mi

Knox Bar

Bar

0.99mi

TAP Sports Bar

Bar

1.03mi

The Plaza Bar

Bar

1.06mi

Blake House Cafe

Cafe

0.65mi

Dakin Humane Society

Animal Shelter

1mi

Mercy Medical Center

Hospital

0.18mi

Shriners Hospitals for Children - Springfield

Hospital. Speciality: Paediatric Orthopaedics

0.49mi

Baystate Medical Center

Hospital

0.76mi

Vibra Hospital of Western Massachusetts

Hospital

2.03mi

Springfield Fire Department

Fire Station

0.41mi

Springfield Fire Department

Fire Station

0.93mi

Springfield Fire Department

Fire Station

1.29mi

Springfield Fire Department

Fire Station

1.61mi

Springfield Armory Museum

Museum

0.55mi

Lyman and Merrie Wood Museum of Springfield History

Museum

0.63mi

Springfield Science Museum

Museum

0.65mi

The Amazing World of Dr. Seuss Museum

Museum

0.67mi

George Walter Vincent Smith Art Museum

Museum

0.7mi

Michele & Donald D'Amour Museum of Fine Arts

Museum

0.7mi

Naismith Memorial Basketball Hall of Fame

Museum

1.37mi

Josiah Day House Museum

Museum

1.62mi

YMCA of Greater Springfield

Sports Centre

0.79mi

MassMutual Center Ice Rink

Sports Centre. Sports: Ice Hockey, Basketball

0.81mi

Archie Allen Baseball Field - Ability Field

Sports Centre. Sports: Baseball

1.67mi

Richard F. Bedard Field

Sports Centre. Sports: Baseball

1.71mi

Judy Groff Field

Sports Centre. Sports: Baseball

1.72mi

Appleton Tennis Courts

Sports Centre. Sports: Tennis

1.74mi

Blake Arena

Sports Centre. Sports: Basketball

1.8mi

Stagg Field

Sports Centre. Sports: American Football

1.81mi

Abbey Brook Extension

Nature Reserve

1.25mi

Abbey Brook

Municipal Park

1.47mi

Gurdon Bill Park

Municipal Park

0.15mi

Emily Bill Park

Municipal Park

0.17mi

John A. Sullivan Park

Park

0.34mi

Upper Worthington Historic District

Park

0.39mi

Springfield Armory National Historic Park

National Park

0.39mi

Armoury Commons

Municipal Park

0.47mi

Lincoln Street School Playground

Playground

0.98mi

Thomas St. Playground

Playground

1.1mi

Winchester Square

Recreation Ground

1.21mi

Eastern States Expo Fairground

Recreation Ground

1.78mi

TAP Bowling & Arcade

Bowling Alley

1.05mi

BSW Beauty Supply

Beauty

1.15mi

Pretty Nails

Nails

1.16mi

The Hand Center of Western Massachusetts, Dr. Jeffrey WInt

Hand Surgery

1.5mi

Towne Student Health Center

Doctors

1.61mi

Cumberland Farms

Gas Station

1.54mi

Sunoco

Gas Station

1.56mi

Roady's Truck Stops

Gas Station

1.6mi

Cumberland Farms

Gas Station

1.74mi

Tower Square Mall

Mall

0.84mi

Bob’s Discount Furniture

Furniture

1.33mi

Save-A-Lot

Supermarket

0.56mi

Big Y

Supermarket

1.57mi

Stop & Shop

Supermarket

1.62mi

PriceRite

Supermarket

1.65mi

Big Y

Supermarket

1.82mi

Big Lots

Department Store

1.64mi

Seller's Representative: Allen Murray, Home Equity Assets Realty, LLC
MLS ID#: 73323192

© 2025 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-01-09 03:05:00