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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.

More Info

Basic Information

  • Gross Income $84,540
  • Mls StatusActive
  • Parcel Number S:02560 P:0027,2577533

Basic Information

  • List Price$2,050,000
  • MLS Number73501818
  • Modification Date04/19/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Property

  • Acreage0.27

Interior

  • Flooring Wood, Vinyl

Utilities

  • Sewer Public Sewer
  • Water Source Public

Amenities

  • AmenitiesPublic Transportation, Highway Access, House of Worship, Public School
  • Other AmenitiesBasement

Tax Information

  • Tax Assessed Value $1,337,800
  • Tax Year 2025
  • Taxes$20,977

Rooms

  • Bathroom16
  • Bathrooms Total Decimal 16
  • Bedrooms23
  • Full Bath16

Building

  • BasementFull
  • Building Area Units Square Feet
  • Construction Materials Brick
  • FoundationBrick/Mortar
  • Levels 5
  • Patio And Porch Features Porch
  • Rooms55
  • Stories5
  • Units16
  • Year Built1927
  • Year Built Details Actual
  • Year Built Source Public Records

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Driveway, Paved
  • Parking Spaces10

Location

  • Address120-122 Central Street
  • Building Number120-122
  • CountyHampden
  • StateMA
  • StreetCentral Street
  • TownSpringfield
  • Zip01105

Exterior

  • Exterior Features Rain Gutters

Property Information

  • Building Area Source Public Records
  • Living Area 11,260
  • Lot Size Square Feet 11,896
  • Lot Size Units Acres
  • Square Feet11,260

Other

  • Date Listed04/15/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

Listed by Andrew Rodman of Lock and Key Realty Inc.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. 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. MLSPIN 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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