120 Central St Springfield, MA 01105
South End NeighborhoodEstimated payment $12,614/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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/14/2026 06/14/26 | Price Changed | $2,000,000 | -2.4% | $178 / Sq Ft |
| 04/15/2026 04/15/26 | For Sale | $2,050,000 | -- | $182 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $1,256,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | $1,610,000 | -- | |
| Deed | $1,175,000 | -- | |
| Deed | $900,000 | -- | |
| Deed | $1,225,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,200,000 | Commercial | |
| Closed | $935,952 | Purchase Money Mortgage | |
| Previous Owner | $170,000 | Commercial | |
| Previous Owner | $940,000 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73501818
APN: SPRI S:02560 P:0027
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.
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