120-122 Central St, Springfield, MA 01105
120-122 Central St, Springfield, MA 01105
120-122 Central St, Springfield, MA 01105
120-122 Central St, Springfield, MA 01105
120-122 Central St, Springfield, MA 01105
120-122 Central St, Springfield, MA 01105
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$ 2,050,000
Est. payment | /mo

23 Beds

16 Baths

11,260 SqFt


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$ 2,050,000
Est. payment | /mo
Save

23 Beds

16 Baths

11,260 SqFt

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 11,260 sqft

Price per Sqft $182

MLS Listing ID 73501818

Bedrooms 23

Full Baths 16

Year Built 1927

Annual Tax Amount $20,977

Tax Year 2025

Lot Size 0.270 Acres

Acres 0.27

Property Sub-Type 5+ Family - 5+ Units Up/Down

Property Description

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.

Location

State MA

County Hampden

Zoning R3

Direction Maple street to central Street

Rooms

Basement Full

Interior

Flooring Wood, Vinyl

Exterior

Exterior Feature Rain Gutters

Community Features Public Transportation, Highway Access, House of Worship, Public School

Total Parking Spaces 10

Garage No

Building

Story 5

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Lock and Key Realty Inc.

Nearby Locations

Jen Roux

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(508) 579-7790

jenroux72@gmail.com

51 Union St, Worcester, MA, 01608, USA

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120-122 Central St