236-240 Locust St contains sixteen (16) total units comprised of eight (8) 2-Bedroom/1-Bathroom units and eight (8) 1-Bedroom/1-Bathroom units with 12,989 square feet of gross living area in 16,207 square feet of gross area. The Property is situated upon a 0.23-acre parcel and features on-street parking. The Property is well-positioned in the urban core of Springfield, offering strong access to the city's downtown business district, neighborhood retail corridors, and surrounding residential neighborhoods. Tenants are responsible for electricity, while the Landlord is responsible for gas powered heat & hot water and city water & sewer. Recent capital improvements include an upgraded boiler and hot water system from 2025, adding to the durability and long term value of the asset. The opportunity exists to acquire a well maintained asset with recently upgraded utilities in the densely populated Springfield market.

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Basic Information

Gross Income $265,380
Lot Features Other
Mls StatusActive
Parcel Number 2592285
Rent Includes Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water), Unit 3(Heat, Water, Hot Water), Unit 4(Heat, Water, Hot Water)

Tax Information

Tax Assessed Value $1,344,700
Tax Year 2026
Taxes$21,078

Parking

Open Parking YN Yes
Parking Features On Street
Parking Spaces

Rooms

Bathroom16
Bathrooms Total Decimal 16
Bedrooms24
Full Bath16

Basic Information

List Price$1,725,000
MLS Number73495011
Modification Date04/05/2026
Property SubType5+ Family - 5+ Units Up/Down

Location

Address236-240 Locust Street
Building Number236-240
CountyHampden
StateMA
StreetLocust Street
TownSpringfield
Zip01108

Building

Building Area Units Square Feet
FoundationConcrete Perimeter
Levels 5
Rooms56
Stories5
Units16
Year Built1924
Year Built Details Approximate
Year Built Source Public Records

Property

Acreage0.23

Exterior

RoofRubber

Utilities

Electric Individually Metered
Electric Expense 11676
Heat SystemYes
Heating Natural Gas
Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Public Records
Living Area 12,989
Lot Size Square Feet 10,018
Lot Size Units Acres
Square Feet12,989

Amenities

Amenities
- Bike Path
- Golf
- Highway Access
- House of Worship
- Laundromat
- Medical Facility
- Other
- Park
- Pool
- Private School
- Public School
- Public Transportation
- Shopping
- Tennis Court(s)
- University
- Walk/Jog Trails
Other AmenitiesGolf, Tennis

Legal

ZoningR3

Other

Date Listed04/02/2026
Farm Land Area Units Square Feet

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Newton, MA

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Newton, MA