128 Mill St Springfield MA 01108 MLS #73368742

128 Mill St
Springfield, MA, 01108
$1,265,000
15 Beds
14 Baths
10,604 SqFt
0.46 Acres
$1,265,000
128 Mill St
Springfield, MA, 01108
Rare investment opportunity in the heart of Springfield! This 14 unit property offers a blend of historic character & modern functionality. The front building, built 1910, features 6 units with timeless charm including original woodwork & decorative fireplaces – plus a large, finished attic unit offering additional rental income potential. Connected at the rear, the 1975-built addition has 8 units, each with tenant paid electric. The property has recently received many updates including a 5 year old high efficiency boiler (owner paid heat/hot water), along with a newer on-demand hot water system. Several units have been recently renovated & the back building has been sub-metered to enhance operational efficiency. There is a large basement with space for on-site office build-out as well. With ample off-street parking and a convenient location near public transportation, employers, and major highways, this is an ideal investment opportunity in a thriving multifamily market!

Property Details

Price:
$1,265,000
MLS #:
73368742
Status:
Active
Beds:
15
Baths:
14
Address:
128 Mill St
Type:
Multi Family
Subtype:
5-9 Family
City:
Springfield
Listed Date:
May 2, 2025
State:
MA
Finished Sq Ft:
10,604
Total Sq Ft:
10,604
ZIP:
01108
Lot Size:
20,247 sqft / 0.46 acres (approx)
Year Built:
1910
Units:
9

Schools

Interior

Bathrooms
14 Full Bathrooms

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, University
Construction Materials
Frame
Parking Features
Paved Drive, Off Street, Paved
Parking Spots
14
Roof
Shingle

Financial

Net Operating Income
$21,300
Tax Year
2025
Taxes
$15,128
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

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…

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128 Mill St
Springfield, MA