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.
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| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/14/2026 | ↓ Price Reduced | $2,000,000 | $50,000 | - | From $2,050,000 to $2,000,000 (-2.4%) |
| 04/15/2026 | 🏠 Listed for Sale | $2,050,000 | - | - | Original listing |
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $20,977 | $1,337,800 |
120-122 Central St, Springfield MA 01105
Springfield, MA 01105
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