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116-118 Massasoit St, Springfield MA 01107

Springfield, MA 01107
$480,000
Est. $3,201/month
8
Beds
4.5
Baths
4,142
Sq Ft
$116
Price/Sq Ft
0.11
Acres
1912
Year Built
3
Parking
41
Days on Market
Active Listed May 30, 2026 • MLS# 73527157 Copied! • Updated Jun 28, 2026

About this home

Motivated Seller! Excellent opportunity to own this legal three-family property with strong income potential. The first and second floor units each offer 3 bedrooms, while the third-floor unit features 4 bedrooms. All units offer 1.5 baths and are individually metered with tenants paying their own gas and electric utilities. Property includes circuit breaker panels, three gas hot water tanks, updated kitchens, and updated bathrooms. First and second floor units will be delivered vacant, making this a great option for owner-occupants or investors. Lead compliance documentation available for all 3 units. Basement termite damage has been professionally evaluated. Seller is willing to sell the property in its current condition ("as-is") or provide a credit at closing. This home is located near hospitals, shopping, restaurants, public transportation, and major highways for easy commuting.

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Recently Sold Nearby

Property History

Market Insights

Property Timeline

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

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 $2,525/mo · N
Total Monthly Rent $2,525/mo
Gross Income $30,000
Net Operating Income $30,000
Cap Rate 6.25%
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
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Porch
Features Off Street
Total Spaces 3
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
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Seller Disclosures Buyer And Buyer’s Agent To Perform All Due Diligence And Verify All Information Independently. 3rd Floor Unit Currently Occupied With Springfield Housing Authority Rental Current Contract $2, 525 Effective 3/1/2026 Tenant Portion Is Subsidy. Tenant Portion Is $ 311
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) 10 days

Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1912
Bedrooms
8
Full Bathrooms
3
Half Bathrooms
3
Living Area
4,142 sq ft
Total Rooms
16
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

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 information not available for this location.

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 $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
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
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 Jun 28, 2026 4:05 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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