$2,050,000

120-122 Central St, Springfield, MA 01105

  • 23 beds |
  • 16 baths |
  • 11,260 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1927
  • Property Lot Size Icon0.27acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $182/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Date Added:
April 15, 2026
Data Last Updated:
May 18, 2026 at 5:06PM
Listing Office:
Lock and Key Realty Inc. : 413-282-8080
Listing Agent:
Andrew Rodman : 413-386-3558
MLS ID:
73501818
  • Basement: Full
  • Flooring: WoodVinyl
  • Fireplace: Fireplaces: 0
  • General: Rain Gutters
  • Parking: Paved DriveOff StreetDrivewayPavedParking spaces: 10
  • General: Brick5Brick/Mortar
  • Road/Access: Public
  • Originating MLS: MLS Property Information Network
  • County: Hampden
  • Zoning: R3S:02560 P:00272577533
  • Water: Public
  • Sewer: Public Sewer
  • Source: MLS Property Information Network

This listing courtesy of Andrew Rodman , Lock and Key Realty Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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  • 24 bed |
  • 16 bath |
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