174 Locust St, Springfield MA 01108
Springfield, MA 01108
$1,000,000
$975,000
Est. $5,887/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
Adjust the payment calculatorTrack this home for price, status, and open-house alerts.
About this home
RARE SIX-FAMILY INVESTMENT OPPORTUNITY! This one-of-a-kind property offers six spacious 3-bedroom units—18 bedrooms total—each featuring a generous living/dining area, spacious kitchen, and newer flooring. Every unit has separate utilities, including in-unit circuit breaker panels, separate electric hot water tanks, and separate forced hot-air gas heating systems, providing convenience and efficient management. Additional features include a newer rear deck, centrally monitored security system, intercom, and individual door buzzers. With six large units, separate systems, and numerous updates already in place, this property stands apart from the typical six-family. An excellent opportunity for an investor looking to add a quality income-producing multifamily property to their portfolio. Rarely does a six-family with this combination of space, separate utilities, and amenities become available. Don't miss this exceptional investment opportunity!
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
2.5%
Price Range
Property Timeline
Price Reduced
Sep 11, 2026
$975,000
$25,000
(-2.5%)
From $1,000,000 to $975,000 (-2.5%)
Listed for Sale
Aug 10, 2026
$1,000,000
Original listing
Agent: Maher Khatib
Office: M B C REALTORS®
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/11/2026 | ↓ Price Reduced | $975,000 | $25,000 | - | From $1,000,000 to $975,000 (-2.5%) |
| 08/10/2026 | 🏠 Listed for Sale | $1,000,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $9,079 | $579,000 |
Financial Details
Annual Property Tax
$9,079
Tax Year 2025
Assessed Value
$579,000
Facts & Features
Home Facts
Type
Residential Income
Style
5+ Family - 5+ Units Up/Down
Year Built
1989
Living Area
8,000 sq ft
Lot Size
0.19 acres
Stories
5
Bedrooms
18
Full Baths
6
Total Rooms
36
Investment Metrics
Units
6
Unit 1 Rent
$2,100/mo · N
Unit 2 Rent
$2,100/mo · N
Unit 3 Rent
$2,100/mo · N
Unit 4 Rent
$2,100/mo · N
Total Monthly Rent
$8,400/mo
Gross Income
$151,200
Net Operating Income
$126,000
Cap Rate
12.92%
Interior
Heating
Forced Air, Natural Gas
Cooling
None
Flooring
Tile, Laminate, Other
Appliances
None
Fireplace
None
Basement
Full, Interior Entry
Laundry
None
Features
Living Room, Dining Room, Kitchen
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck
Parking
Features
Paved Drive, Off Street
Total Spaces
6
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$9,079
Assessed Value
$579,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
None
Seller Disclosures
Rents Are Projections.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Hampden
Total market time (incl. prior listings)
36 days
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1989
Bedrooms
18
Full Bathrooms
6
Living Area
8,000 sq ft
Total Rooms
36
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
8,000 sq ft above grade
Display Options
Outdoor Areas
Patio & porchDeck
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
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, Laminate, Other
Appliances:
Interior Features:
Living Room, Dining Room, Kitchen
Windows:
Insulated Windows
Basement:
Full, Interior Entry
Laundry:
Security:
Construction & Materials
Year Built:
1989
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Concrete Perimeter
Stories:
5
Heating, Cooling & Utilities
Heating:
Forced Air, Natural Gas
Cooling:
Hot Water:
Electric, Tank
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Deck
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
6
Parking Features:
Paved Drive, 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
10 schools
B
Veritas Preparatory Charter School
0.3 mi
|
#12 of 25
|
Score: 34.5
Improved 339 spots from last year
-23.8 below state avg
769 students
Moderate
Early College Program
Rising School
Grades 05-12
Your Educational Success Academy
1.0 mi
Grades K-12
St. Michael's Academy
1.8 mi
Grades PK-08
D
The Springfield Virtual School
1.8 mi
|
#326 of 346
|
Score: 30.7
Improved 11 spots from last year
-27.5 below state avg
201 students
Moderate
College Ready Curriculum
Grades PK-12
A
Alfred G. Zanetti Montessori Magnet School
2.2 mi
|
#3 of 16
|
Score: 47.5
Improved 137 spots from last year
-10.7 below state avg
436 students
Diverse
Rising School
Grades PK-08
Pioneer Valley Christian Academy
3.1 mi
Grades PK-12
Academy Hill School
3.1 mi
Grades PK-08
A+
Springfield Preparatory Charter School
3.5 mi
|
#2 of 16
|
Score: 48.5
Improved 94 spots from last year
-9.8 below state avg
485 students
Moderate
Rising School
Strong Attendance
Grades K-08
Grace Academy
3.8 mi
Grades K-12
Pioneer Valley Montessori School
4.0 mi
Grades PK-06
Middle Schools
10 schools
C
John J. Duggan Middle School
2.9 mi
|
#251 of 346
|
Score: 47.1
Improved 35 spots from last year
-11.1 below state avg
843 students
Diverse
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
Springfield Commonwealth Academy
0.5 mi
Grades 06-08
F
Forest Park Middle School
0.6 mi
|
#341 of 352
|
Score: 26.3
Improved 18 spots from last year
-31.9 below state avg
460 students
Diverse
Grades 06-08
F
South End Middle School
0.7 mi
|
#350 of 352
|
Score: 23.0
Improved 12 spots from last year
-35.2 below state avg
176 students
Moderate
Grades 06-08
C+
STEM Middle Academy
2.3 mi
|
#12 of 16
|
Score: 24.5
Improved 298 spots from last year
-33.7 below state avg
241 students
Diverse
Rising School
Grades 06-08
Springfield Middle School
2.6 mi
15 students
Moderate
Grades 06-08
F
Springfield Public Day Middle School
2.6 mi
|
#352 of 352
|
Score: 19.5
Improved 14 spots from last year
-38.7 below state avg
45 students
Diverse
Grades 06-08
D
Springfield Legacy Academy
2.7 mi
|
#16 of 16
|
Score: 18.8
Improved 340 spots from last year
-39.4 below state avg
243 students
Less Diverse
Rising School
Grades 06-08
C
Impact Prep at Chestnut
2.7 mi
|
#13 of 16
|
Score: 23.7
Improved 350 spots from last year
-34.5 below state avg
314 students
Moderate
Rising School
Grades 06-08
B
Chestnut Accelerated Middle School (Talented and Gifted)
2.7 mi
|
#162 of 352
|
Score: 43.2
Dropped 9 spots from last year
-15 below state avg
291 students
Diverse
Strong Attendance
Grades 06-08
High Schools
10 schools
C-
Conservatory of the Arts
1.1 mi
|
#303 of 346
|
Score: 37.6
Improved 2 spots from last year
-20.6 below state avg
292 students
Moderate
High Graduation Rate
College Ready Curriculum
Grades 06-12
C
Emergence Academy
1.1 mi
|
#21 of 25
|
Score: 26.2
Improved 356 spots from last year
-32 below state avg
376 students
Diverse
Rising School
Diverse Student Body
Grades 06-12
C+
Libertas Academy Charter School
1.3 mi
|
#238 of 346
|
Score: 48.5
Improved 106 spots from last year
-9.8 below state avg
592 students
Moderate
7 sports
• 134 athletes
Rising School
Grades 06-12
C
The Springfield Renaissance School an Expeditionary Learning School
2.9 mi
|
#275 of 346
|
Score: 45.0
Improved 6 spots from last year
-13.2 below state avg
596 students
Diverse
High Graduation Rate
College Ready Curriculum
Grades 06-12
C-
Baystate Academy Charter Public School
3.4 mi
|
#306 of 346
|
Score: 37.1
Improved 37 spots from last year
-21.1 below state avg
344 students
Diverse
Rising School
College Ready Curriculum
Grades 06-12
C
High School of Commerce
1.1 mi
|
#272 of 346
|
Score: 45.2
Improved 30 spots from last year
-13 below state avg
835 students
Moderate
11 sports
• 554 athletes
Early College Program
Rising School
College Ready Curriculum
Grades 09-12
F
Phoenix Academy Public Charter High School, Springfield
1.4 mi
|
#343 of 346
|
Score: 20.1
Improved 5 spots from last year
-38.1 below state avg
175 students
Moderate
College Ready Curriculum
Grades 09-12
B+
Gateway to College at Springfield Technical Community College
1.4 mi
|
#123 of 346
|
Score: 74.4
Same rank as last year
30 students
Diverse
College Ready Curriculum
Grades 09-12
Pope Francis Preparatory School
1.7 mi
18 sports
• 1,124 athletes
Strong Athletics
Grades 09-12
F
Springfield International Academy at Sci-Tech
2.2 mi
|
#340 of 346
|
Score: 20.7
Dropped 40 spots from last year
-37.5 below state avg
52 students
Diverse
Career Tech Programs
College Ready Curriculum
Diverse Student Body
Grades 09-12
Learn about these ratings
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$757
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
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
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
174 Locust St, Springfield MA 01108
Springfield, MA 01108
Listing Information
Listing Agent
Maher Khatib
Listing Office
M B C REALTORS®
Office Phone
413-886-0010
Agent MLS ID
M9500203
Office MLS ID
M95216
Listing Data Updated
Sep 15, 2026 3:05 AM 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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