81-83 Chestnut Street, Springfield MA 01151
Springfield, MA 01151 • Indian Orchard
$269,900
Est. $1,933/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
Exceptional Opportunity for Investors or Owner-Occupants! This two-family property offers tremendous potential for those looking to build equity and bring new life to a home with plenty of possibilities. Situated on a corner lot, this property features a vacant first-floor unit with hardwood floors, two bedrooms, a generously sized living room, dining room or office and an enclosed front porch offering additional space to relax or entertain. The second-floor unit is currently occupied by a tenant who is seeking alternative housing, presenting an opportunity for future renovation and personalization. Recent improvements include an updated roof, windows and fence, providing a great starting point for your vision. The property also features a unique L-shaped garage that offers additional potential but may benefit from updating. While the home requires some improvements the possibilities are endless for the buyer willing to put in the work! This property presents an opportunity to invest, renovate, and unlock its potential. Whether you're looking to expand your investment portfolio or owner-occupy while creating additional value, this two-family is ready for its next chapter. Bring your ideas and imagination and make this property shine!
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Sep 29, 2026
$269,900
Original listing
Agent: Authier LaDuke Team
Office: Coldwell Banker Realty - Western MA
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/29/2026 | 🏠 Listed for Sale | $269,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $4,414 | $281,500 |
Financial Details
Annual Property Tax
$4,414
Tax Year 2025
Assessed Value
$281,500
Facts & Features
2 Car Garage
Home Facts
Type
Residential Income
Style
Multi Family
Year Built
1926
Living Area
2,184 sq ft
Lot Size
0.11 acres
Stories
2
Bedrooms
4
Full Baths
2
Total Rooms
10
Investment Metrics
Units
2
Unit 1 Rent
— · N
Unit 2 Rent
$600/mo · N
Total Monthly Rent
$600/mo
Gross Income
$7,200
Net Operating Income
$7,200
Cap Rate
2.67%
Interior
Heating
Baseboard, Oil
Cooling
Window Unit(s)
Flooring
Hardwood, Tile, Carpet
Appliances
Range, Dishwasher, Disposal, Trash Compactor, Microwave, Refrigerator
Fireplace
None
Basement
Full, Concrete, Unfinished
Laundry
Electric Dryer Hookup, Washer Hookup
Features
Ceiling Fan(s), Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Rain Gutters
Pool
None
Spa
None
Fencing
None
Patio/Porch
Enclosed
Parking
Garage Spaces
2
Has Garage
Yes
Features
Paved Drive, Off Street, Paved
Total Spaces
5
Utilities
Electric
Circuit Breakers, 100 Amp Service, Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range, For Electric Oven, For Electric Dryer, Washer Hookup
Financial
Annual Tax
$4,414
Assessed Value
$281,500
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Windows, Roof And Fence Recently Updated. Seller Has Not Resided At The Property. Audio/video May Be In Use. Long Term Tenant On 2nd Floor Is Mtm. As-is Sale.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Green
Sq Ft Source
Public Record
Documents
None
County
Hampden
Property Overview
Property Type
Multi Family
Listing Type
For Sale
Year Built
1926
Bedrooms
4
Full Bathrooms
2
Living Area
2,184 sq ft
Total Rooms
10
Stories
2
Levels
2
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,184 sq ft above grade
Display Options
Outdoor Areas
Patio & porchEnclosed
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Hardwood, Tile, Carpet
Appliances:
Range, Dishwasher, Disposal, Trash Compactor, Microwave, Refrigerator
Interior Features:
Ceiling Fan(s), Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen
Windows:
Basement:
Full, Concrete, Unfinished
Laundry:
Electric Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1926
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Block
Stories:
2
Heating, Cooling & Utilities
Heating:
Baseboard, Oil
Cooling:
Window Unit(s)
Hot Water:
Electric
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Rain Gutters
Patio & Porch:
Enclosed
Fencing:
Other Structures:
Lot Features:
Corner Lot, Level
Road Surface:
Paved
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
5
Parking Features:
Paved Drive, Off Street, Paved
Nearby Schools
School information not available for this location.
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$368
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
Indian Orchard
81-83 Chestnut Street, Springfield MA 01151
Springfield, MA 01151
Listing Information
Listing Agent
Authier LaDuke Team
Listing Office
Coldwell Banker Realty - Western MA
Office Phone
413-567-8931
Agent MLS ID
TEAM0470
Office MLS ID
AN7885
Listing Data Updated
Sep 28, 2026 9:43 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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