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$2,050,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 16 Units
  • 23 Total Beds
  • 0.27 Acres
  • Updated 3 days ago
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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.

Full Property Details for 120-122 Central St

General

  • Price: $2,050,000
  • Taxes: $20,977 (2025)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 73501818
  • Updated: 4/15/2026
  • Added to Site: 4 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 16
  • Full Bathrooms: 16

Bedrooms

  • Total Bedrooms: 23

Parking

  • Parking Features: Paved Drive, Off Street, Driveway, Paved

Location

  • County: Hampden

Structural Information

  • Basement: Yes
  • Stories/Levels: 5
  • Square Feet: 11,260
  • Year Built: 1927

Lot Features

  • Lot Size (Acres): 0.27

Financial Considerations

  • Tax Amount: $20,977
  • Tax Year: 2025

Disclosures and Reports

  • Disclosures/Rstr.: Member of ownership entity is licensed real estate sales person. Buyers and buyers agents to do any and all due diligence.
  • Property ID: S:02560 P:0027, 2577533

Listed by Lock and Key Realty Inc., Andrew Rodman

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Listing agent

— 120-122 Central St —

  • Andrew Rodman

    Lock and Key Realty Inc.

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 120-122 Central St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/15/2026
Listed
$2,050,000
63.22%
MLS
3/27/2024
Sold
$1,256,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Lock and Key Realty Inc., Andrew Rodman

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120-122 Central St, Springfield, MA 01105 (MLS# 73501818) is a Multi-Family property with 16 units containing 23 bedrooms and 16 full bathrooms. 120-122 Central St is currently listed for $2,050,000 and was received on April 15, 2026. Want to learn more about 120-122 Central St? Do you have questions about finding other Multi-Family real estate for sale in Springfield? You can browse all Springfield real estate or contact a Coldwell Banker agent to request more information.

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