For sale

Price cut: $50K (6/14)

$2,000,000

120-122 Central St, Springfield, MA 01105

23beds

11,260sqft

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5+ Family - 5+ Units Up/Down

Built in 1927

-- sqft lot

$-- Zestimate^®

$178/sqft

$-- HOA

What's special

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.

72 days

245

7

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 23
Bathrooms: 16
Full bathrooms: 16

Features

Flooring: Wood, Vinyl
Basement: Full
Has fireplace: No

Interior area

Total structure area: 11,260
Total interior livable area: 11,260 sqft
Finished area above ground: 11,260

Property

Parking

Total spaces: 10
Parking features: Paved Drive, Off Street, Driveway, Paved
Uncovered spaces: 10

Features

Patio & porch: Porch
Exterior features: Rain Gutters

Lot

Size: 0.27 Acres

Details

Parcel number: S:02560 P:0027,2577533
Zoning: R3

Construction

Type & style

Home type: MultiFamily
Property subtype: 5+ Family - 5+ Units Up/Down

Materials

Brick
Foundation: Brick/Mortar

Condition

Year built: 1927

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation, Highway Access, House of Worship, Public School

Location

Region: Springfield

Financial & listing details

Price per square foot: $178/sqft
Tax assessed value: $1,337,800
Annual tax amount: $20,977
Date on market: 4/15/2026
Total actual rent: 5720

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/14/2026	Price change	$2,000,000-2.4%$178/sqft
Source: MLS PIN #73501818 Report a problem
4/15/2026	Listed for sale	$2,050,000$182/sqft
Source: MLS PIN #73501818 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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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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