116-118 Massasoit St, Springfield MA 01107
Springfield, MA 01107
$480,000
Est. $3,201/month
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About this home
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.
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Property History
Market Insights
Property Timeline
Pending Sale
Jul 29, 2026
Offer accepted, sale pending
Back On Market
Jun 25, 2026
Active
Pending Sale
Jun 5, 2026
Offer accepted, sale pending
Listed for Sale
May 30, 2026
$480,000
Original listing
Agent: Daisy Sanchez
Office: RE/MAX IGNITE
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/29/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 06/25/2026 | • Back On Market | - | - | - | Active |
| 06/05/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 05/30/2026 | 🏠 Listed for Sale | $480,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $6,887 | $439,200 |
Financial Details
Annual Property Tax
$6,887
Tax Year 2025
Assessed Value
$439,200
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1912
Living Area
4,142 sq ft
Lot Size
0.11 acres
Bedrooms
8
Full Baths
3
Half Baths
3
Total Rooms
16
Investment Metrics
Units
3
Unit 1 Rent
— · N
Unit 2 Rent
— · N
Unit 3 Rent
— · N
Gross Income
$30,000
Net Operating Income
$30,000
Cap Rate
6.25%
Interior
Heating
Steam, Natural Gas, Individual, Unit Control
Cooling
None
Flooring
Tile, Varies, Laminate, Other
Appliances
Range, Refrigerator, Range Hood
Fireplace
None
Basement
Full, Bulkhead, Unfinished
Laundry
None
Features
Pantry, Living Room, Kitchen
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Off Street
Total Spaces
3
Utilities
Electric
Circuit Breakers, Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$6,887
Assessed Value
$439,200
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Buyer And Buyer’s Agent To Perform All Due Diligence And Verify All Information Independently.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Beige
Sq Ft Source
Public Record
Documents
None
County
Hampden
Total market time (incl. prior listings)
41 days
Property Overview
Property Type
3 Family
Listing Type
Sale Pending
Year Built
1912
Bedrooms
8
Full Bathrooms
3
Half Bathrooms
3
Living Area
4,142 sq ft
Total Rooms
16
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,142 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Tile, Varies, Laminate, Other
Appliances:
Range, Refrigerator, Range Hood
Interior Features:
Pantry, Living Room, Kitchen
Windows:
Insulated Windows
Basement:
Full, Bulkhead, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1912
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Block
Stories:
3
Heating, Cooling & Utilities
Heating:
Steam, Natural Gas, Individual, Unit Control
Heating Zones:
3
Cooling:
Hot Water:
Natural Gas, Tank
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Varies per Unit, Other (See Remarks)
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Other
Road Surface:
Parking & Garage
Total Parking Spaces:
3
Parking Features:
Off Street
Nearby Schools
School District
Springfield School District local
D
Where Graduates Go
Class of 2021
36%
attend college
20%
4-Year
16%
2-Year
3%
Out of State
3%
Working
School Safety
2024-25
5.9%
Above Average
5.1%
Suspensions
1.4%
In-School
0.8%
Emergency
0.4% above state avg
Elementary Schools
3 schools
C-
Springfield Public Day Elementary School
0.6 mi
|
#734 of 824
|
Score: 33.3
Improved 91 spots from last year
-24.9 below state avg
33 students
Diverse
Rising School
Grades PK-05
A
Alfred G. Zanetti Montessori Magnet School
0.6 mi
|
#3 of 16
|
Score: 47.5
Improved 137 spots from last year
-10.7 below state avg
432 students
Diverse
Rising School
Grades PK-08
C
Edward P. Boland School
0.7 mi
|
#625 of 824
|
Score: 39.4
Dropped 116 spots from last year
-18.8 below state avg
587 students
Moderate
Grades PK-05
Middle Schools
3 schools
Springfield Middle School
0.4 mi
18 students
Less Diverse
Grades 06-08
F
Springfield Public Day Middle School
0.4 mi
|
#352 of 352
|
Score: 19.6
Improved 14 spots from last year
-38.6 below state avg
60 students
Diverse
Grades 06-08
D
Springfield Legacy Academy
0.7 mi
|
#16 of 16
|
Score: 19.0
Improved 340 spots from last year
-39.2 below state avg
299 students
Less Diverse
Rising School
Grades 06-08
High Schools
3 schools
C-
Libertas Academy Charter School
0.9 mi
|
#292 of 346
|
Score: 40.6
Improved 52 spots from last year
-17.7 below state avg
563 students
Moderate
7 sports
• 134 athletes
Rising School
Strong Attendance
Grades 06-12
B+
Gateway to College at Springfield Technical Community College
1.1 mi
|
#123 of 346
|
Score: 74.4
Same rank as last year
25 students
Moderate
College Ready Curriculum
Grades 09-12
F
Phoenix Academy Public Charter High School, Springfield
1.2 mi
|
#340 of 346
|
Score: 20.6
Improved 8 spots from last year
-37.6 below state avg
158 students
Moderate
College Ready Curriculum
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$574
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
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Current Rate
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+0.5% Rate
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
116-118 Massasoit St, Springfield MA 01107
Springfield, MA 01107
Listing Information
Listing Agent
Daisy Sanchez
Listing Office
RE/MAX IGNITE
Office Phone
413-391-7928
Agent MLS ID
BB921302
Office MLS ID
AN2829
Listing Data Updated
Jul 29, 2026 6:40 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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