Off Market
120-122 Central St, Springfield, MA
Springfield · MA 01105
- $2,000,000
- Price
- 23
- Beds
- 16
- Baths
- 11260
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1927
Units:
16 Units
Lot size:
0.27 Acre Lot
Price per square foot:
$178 / Sq.Ft
Parking:
10 Off Street Spaces
About this home
120–122 Central Street presents a rare opportunity to acquire a 16-unit asset in a prime Springfield location, just minutes from the Naismith Memorial Basketball Hall of Fame and MGM Springfield. Perfect for a 1031 exchange this property features a strong unit mix of (7) two-bedroom apartments and (9) one-bedroom apartments, catering to a wide tenant base.With gross rents exceeding $22,000 per month, this building offers immediate cash flow and solid investment performance. All 16 units have lead certificates, providing added compliance and peace of mind for ownership.Positioned in a high-demand rental area with close proximity to major attractions, employment centers, and amenities, with a large off street parking lot this is a turnkey opportunity for investors looking to scale their portfolio with a stabilized, income-producing asset.
Neighborhood & Transit
120-122 Central St, Springfield · MA 01105
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 195 days
- Listing Price:
- $2,000,000
- Price per Sq.Ft:
- $178
- Tax Assessment:
- $1,337,800 in 2025
- Taxes:
- $1,748 / Monthly
Home Facts
Interior Features
- Bedrooms
- 23
- Full Bathrooms
- 16
- Half Bathrooms
- 0
- Living Area
- 11,260 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 11260
- Flooring
- Unknown
- Lead paint
- Certified Treated
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 11,896 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 10 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Wood
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Andrew Rodman
- Listing office
- Lock and Key Realty Inc.
- MLS PIN #
- 73501818
- Disclosure
- Member of ownership entity is licensed real estate sales person. Buyers and buyers agents to do any and all due diligence.