120-122 Central St

11,260 Sq. Ft.
$182 / Sq. Ft.
11,260
Sq. Ft.
$182
per Sq. Ft.

Description

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...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.
  1. Listed by Andrew Rodman • Lock and Key Realty Inc.

Property Details for 120-122 Central Street

Town
Springfield
Area
MA-Springfield
Garage Spaces
0
Open Parking Spaces
10.00
Parking Spaces Total
10
LISTING UPDATED: 04/15/2026 09:43 AM

Property Details for 120-122 Central Street

StatusNew
MLS #73501818
Days on Market1
Taxes$20,977 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1927
CountyHampden County

Location

Listing Courtesy of Lock and Key Realty Inc., Andrew Rodman
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Building Information for 120-122 Central Street

Stories5Residences16Year Built1927Building Size-Lot Size0.27 AC / 11,896 SF

Payment Calculator

$12,071 per month

30 year fixed, 6.46% Interest

Principal and Interest

$10,323

Property Taxes

$1,748

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 120-122 Central Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Highway Access, House of Worship, Public School
  • Living Area: 11260.0
  • SqFt with Basement: No
  • Total Units: 16
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full
  • Num of Baths: 16.0
  • Num of Full Baths: 16
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 16.00
  • Bathrooms Total Integer: 16
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Vinyl
  • SpaYN: No
Exterior Features
  • Construction: Brick
  • Exterior Features: Rain Gutters
  • Exterior Features: Porch
  • Patio And Porch Features: Porch
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Improved Driveway, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Improved Driveway, Paved Driveway
  • Parking Features: Off-Street, Improved Driveway, Paved Driveway
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Member of ownership entity is licensed real estate sales person. Buyers and buyers agents to do any and all due diligence.
Tax Information
  • Tax ID: S:02560 P:0027,2577533
  • Assessments: $1,337,800
  • Book: 25365
  • Tax Year: 2025
  • Zoning: R3
Building / Association Information
Living Characteristics
  • Beds Total: 23
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Brick/Mortar
  • Levels: 5
Income / Expenses
  • Annual Expenses Source: Pro. Forma Available
  • GOI: $84,540.00
  • NOI: $84,540.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 3
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $5,720.00

Property History for 120-122 Central Street

DateEvent & SourcePriceAppreciation
Apr 15, 2026

Listed (Active)

MLS PIN #73501818

$2,050,000
DateEvent & SourcePrice
04/15/2026

Listed (Active)

MLS PIN #73501818

$2,050,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 120-122 Central Street

Taxable ValueLand$224,000Additions$1,097,000Total$1,321,000
Tax Record2024$21,215 ($1,768 / month)
Home Facts
Total Finished SqFt14,040 SqFtAbove Grade Finished SqFt14,040 SqFtStories4Lot Size11,896 SqFtStyleMulti-Family Res (5+ Units)Year Built1927ZoningR3CountyHAMPDENAPNSPRI S:02560 P:0027

Schools near 120-122 Central Street

This home is within Springfield School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Milton Bradley School
PublicPK to 5

South End Middle School
Public6 to 8

Putnam Vocational Technical High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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120-122 Central Street is a multi-family home for sale in Springfield, MA 01103. This property was listed for sale on April 15, 2026 by Lock and Key Realty Inc., it's currently listed at $2,050,000. This listing's school district is Springfield School District. Nearby schools include Milton Bradley School, South End Middle School and High School of Science and Technology (Sci-Tech). 120-122 Central Street is a 23-bed, 16-bath, 11,260 sqft multi-family home built in 1927.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lock and Key Realty Inc., Andrew Rodman

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.