Sold
127 Dickinson St, Springfield, MA
Springfield · MA 01108
- $459,000
- Price
- 7
- Beds
- 4
- Baths
- 3744
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1909
Units:
4 Units
Lot size:
7,291 Sq.Ft Lot
Price per square foot:
$123 / Sq.Ft
Parking:
2 Off Street Spaces
About this home
RARE 10.8% CAP RATE - 16% CASH ON CASH 4-UNIT INVESTMENT IN FOREST PARK. Presenting a premier high-yield asset at 127 Dickinson St, a 4-unit residential portfolio offering immediate double-digit returns. This legal 4-family features four spacious 2-bedroom/1-bath units, providing a robust unit mix for the Springfield market. The building has undergone significant capital improvements, including updated electrical (circuit breakers), plumbing, and newer hot water heaters. Interiors feature refreshed kitchens, updated flooring, and fresh paint in 2 of 4 units. While currently stabilized, an identified 17% rental upside exists by transitioning current rents to market levels. Situated on a prominent corner lot in the Forest Park neighborhood. Features include 4 dedicated off-street parking spaces, private porches for each unit, and a fenced-in yard. Separated utilities (Natural Gas & Electric). This asset delivers on every metric. Full underwriting package available upon request.
Neighborhood & Transit
Forest Park
127 Dickinson St, Springfield · MA 01108
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:
- 291 days
- Listing Price:
- $459,000
- Price per Sq.Ft:
- $123
- Tax Assessment:
- $421,700 in 2024
- Taxes:
- $413 / Monthly
Home Facts
Interior Features
- Bedrooms
- 7
- Full Bathrooms
- 4
- Half Bathrooms
- 0
- Living Area
- 3,744 Sq.Ft
- Broker Disclosure about Living Area
- Additional square footage can be added in the attic.
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 3744
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 7,291 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 2 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
- Jacob Wint
- Listing office
- William Pitt Sotheby's International Realty
- MLS PIN #
- 73469357
- Disclosure
- $35k in major repairs completed (Oct 2025–Jan 2026) based on a previous inspection reportUnit 3 is now vacnt
- Disclosure
- Additional square footage can be added in the attic.
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