120-122 Central St Springfield, MA ^$ 2,050,000

120-122 Central St

^$ 2,050,000

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120-122 Central St

Springfield, MA, 01105

^$ 2,050,000

Bedrooms23 Baths16.0 Sq 11,260

Monthly Estimate*

^$ 12,622

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Multi-Family Home for sale in Springfield, MA

for $2,050,000 with 23 bedrooms and 16 full baths. This 11,260 square foot home was built in 1927 on a lot size of 0.27.

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.

Multi-Family Active

Price

^$ 2,050,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 20,977

Style

5+ Family - 5+ Units Up/Down

Lot Size

0.27

Year Built

1927

Town/City

Springfield

County/Region

Hampden

MLS | Web ID

73501818

List By

Andrew Rodman

Listing Agent

Lock And Key Realty Inc.

Broker

Affordability Calculator

$14,370

Per Month

Monthly Principal & Interest: $12,622
Monthly Property Taxes: $1,748
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends

Multi-family listings in Springfield, MA

Average List Price ^$506,390

Percent of Sale Price 75%

About Springfield, MA

153,186 Population

1% Since 2002

^$36,513 Median Income

34.72 Median Age

31% Households with Children

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Trends Information provided by ATTOM Data Solutions.

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Pricing History

Date	Price	Price Change	Description
4/15/2026	$2,050,000		Listed Price

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120-122 Central St, Springfield, MA, 01105 is a Multi-Family Home for sale at $2,050,000 with 11,260 sqft and a lot size of 0.27. 120-122 Central St has 23 bedrooms, 16.0 baths, and was built in 1927. The property's zip code is 01105 which is in Springfield, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 4/16/2026.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. 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. MLS Property Information Network, Inc. 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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120-122 Central St

Multi-Family Home for sale in Springfield, MA

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