$2,050,000
120-122 Central St
Springfield, MA, 01105
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.
Property Details
Price:
$2,050,000
MLS #:
73501818
Status:
Active
Beds:
23
Baths:
16
Address:
120-122 Central St
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Springfield
Listed Date:
Apr 15, 2026
State:
MA
Finished Sq Ft:
11,260
Total Sq Ft:
11,260
ZIP:
01105
Lot Size:
11,896 sqft / 0.27 acres (approx)
Year Built:
1927
Units:
16
Schools
Interior
Bathrooms
16 Full Bathrooms
Flooring
Wood, Vinyl
Exterior
Community Features
Public Transportation, Highway Access, House of Worship, Public School
Construction Materials
Brick
Exterior Features
Rain Gutters
Parking Features
Paved Drive, Off Street, Driveway, Paved
Parking Spots
10
Financial
Tax Year
2025
Taxes
$20,977
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
More About MarieMortgage Calculator
Map
Similar Listings Nearby
- 41-49 Belmont Ave
Springfield, MA$2,199,000
0.67 miles away
- 91 E Park St
Springfield, MA$2,150,000
0.22 miles away
- 236-240 Locust St
Springfield, MA$1,725,000
0.63 miles away
Courtesy of Lock and Key Realty Inc.. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
120-122 Central St
Springfield, MA
LIGHTBOX-IMAGES