120 Central St Springfield, MA 01105
South End NeighborhoodEstimated payment $12,628/month
Highlights
- 0.27 Acre Lot
- Wood Flooring
- Porch
- Property is near public transit and schools
About This Home
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
Home Type
- Multi-Family
Est. Annual Taxes
- $20,977
Year Built
- Built in 1927
Home Design
- Brick Exterior Construction
- Brick Foundation
Interior Spaces
- 11,260 Sq Ft Home
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 23 Bedrooms
- 16 Full Bathrooms
Parking
- 10 Car Parking Spaces
- Driveway
- Paved Parking
- 10 Open Parking Spaces
- Off-Street Parking
Outdoor Features
- Rain Gutters
- Porch
Additional Features
- 11,896 Sq Ft Lot
- Property is near public transit and schools
Listing and Financial Details
- Assessor Parcel Number S:02560 P:0027,2577533
Community Details
Overview
- 16 Units
- Property has 1 Level
Building Details
- Net Operating Income $84,540
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $20,977 | $1,337,800 | $240,000 | $1,097,800 |
| 2024 | $21,215 | $1,321,000 | $224,000 | $1,097,000 |
| 2023 | $16,296 | $955,800 | $145,600 | $810,200 |
| 2022 | $15,254 | $810,500 | $132,800 | $677,700 |
| 2021 | $15,216 | $805,100 | $132,800 | $672,300 |
| 2020 | $15,542 | $795,800 | $132,800 | $663,000 |
| 2019 | $13,632 | $692,700 | $104,000 | $588,700 |
| 2018 | $11,271 | $572,700 | $104,000 | $468,700 |
| 2017 | $10,426 | $530,300 | $104,000 | $426,300 |
| 2016 | $9,706 | $493,700 | $104,000 | $389,700 |
| 2015 | $9,351 | $475,400 | $104,000 | $371,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/15/2026 04/15/26 | For Sale | $2,050,000 | -- | $182 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73501818
APN: SPRI S:02560 P:0027
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