For sale

$480,000

116-118 Massasoit St, Springfield, MA 01107

8beds

4,142sqft

$3,278/mo

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3 Family

Built in 1912

-- sqft lot

$-- Zestimate^®

$116/sqft

$-- HOA

What's special

Circuit breaker panelsUpdated kitchensSpacious third-floor unitUpdated bathrooms

Motivated Seller! Excellent opportunity to own this legal, fully vacant three-family property with strong income potential. The first and second-floor units each offer 3 bedrooms and 1.5 baths, while the spacious third-floor unit features 4 bedrooms and 1.5 baths and was previously rented for $2,525 per month. Each unit is separately metered, with tenants responsible for their own gas and electric utilities. Additional features include circuit breaker panels, three gas hot water tanks, updated kitchens, and updated bathrooms. The property will be delivered fully vacant, making it an excellent opportunity for both owner-occupants and investors. Lead compliance documentation is available for all three units. The basement termite damage has been professionally evaluated. The seller is willing to sell the property in its current as-is condition or provide a credit at closing for the repairs.

41 days

920

59

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 6
Full bathrooms: 3
1/2 bathrooms: 3

Heating

Steam, Natural Gas, Individual, Unit Control

Appliances

Included: Range, Refrigerator, Range Hood

Features

Pantry, Living Room, Kitchen
Flooring: Tile, Varies, Laminate, Other
Windows: Insulated Windows
Basement: Full,Bulkhead,Unfinished
Has fireplace: No

Interior area

Total structure area: 4,142
Total interior livable area: 4,142 sqft
Finished area above ground: 4,142

Property

Parking

Total spaces: 3
Parking features: Off Street
Uncovered spaces: 3

Features

Patio & porch: Porch

Lot

Size: 4,657 Square Feet
Features: Other

Details

Foundation area: 0
Parcel number: S:08357 P:0024,2594809
Zoning: R2

Construction

Type & style

Home type: MultiFamily
Property subtype: 3 Family

Materials

Frame
Foundation: Block
Roof: Shingle

Condition

Year built: 1912

Utilities & green energy

Electric: Circuit Breakers, Individually Metered
Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range

Green energy

Energy efficient items: Varies per Unit, Other (See Remarks)

Community & HOA

Community

Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, Other, Sidewalks

Location

Region: Springfield

Financial & listing details

Price per square foot: $116/sqft
Tax assessed value: $439,200
Annual tax amount: $6,887
Date on market: 6/18/2026
Total actual rent: 2500

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/25/2026	Listed for sale	$480,000$116/sqft
Source: MLS PIN #73527157 Report a problem
6/5/2026	Pending sale	$480,000$116/sqft
Source: MLS PIN #73527157 Report a problem
5/30/2026	Listed for sale	$480,000$116/sqft
Source: MLS PIN #73527157 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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