236-240 Locust St Springfield, MA 01108
Forest Park NeighborhoodEstimated payment $11,093/month
Highlights
- Golf Course Community
- Property is near public transit and schools
- Tennis Courts
- Medical Services
- Community Pool
- Jogging Path
About This Home
236-240 Locust St contains sixteen (16) total units comprised of eight (8) 2-Bedroom/1-Bathroom units and eight (8) 1-Bedroom/1-Bathroom units with 12,989 square feet of gross living area in 16,207 square feet of gross area. The Property is situated upon a 0.23-acre parcel and features on-street parking. The Property is well-positioned in the urban core of Springfield, offering strong access to the city’s downtown business district, neighborhood retail corridors, and surrounding residential neighborhoods. Tenants are responsible for electricity, while the Landlord is responsible for gas powered heat & hot water and city water & sewer. Recent capital improvements include an upgraded boiler and hot water system from 2025, adding to the durability and long term value of the asset. The opportunity exists to acquire a well maintained asset with recently upgraded utilities in the densely populated Springfield market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,078
Year Built
- Built in 1924
Home Design
- 12,989 Sq Ft Home
- Rubber Roof
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 24 Bedrooms
- 16 Full Bathrooms
Parking
- On-Street Parking
- Open Parking
Utilities
- Heating System Uses Natural Gas
- Separate Meters
Additional Features
- 10,018 Sq Ft Lot
- Property is near public transit and schools
- Basement
Listing and Financial Details
- Rent includes unit 1(heat water hot water), unit 2(heat water hot water), unit 3(heat water hot water), unit 4(heat water hot water)
- Assessor Parcel Number 2592285
Community Details
Overview
- 16 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Tennis Courts
- Community Pool
- Park
- Jogging Path
- Bike Trail
Building Details
- Electric Expense $11,676
- Insurance Expense $14,439
- Water Sewer Expense $18,799
- Operating Expense $125,595
- Net Operating Income $139,785
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/01/2026 04/01/26 | For Sale | $1,725,000 | -- | $133 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73495011
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