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236-240 Locust St

Springfield, MA 01108
  • $1,725,000
  • STATUS: Active
  • MLS #: 73495011
UPDATED: 45 min ago
$1,725,000
  • 24
    BEDS
  • 0.23
    ACRES
  • 16
    BATHS
  • 0
    1/2 BATHS
  • 12,989
    SQFT
  • $133
    $/SQFT
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing courtesy of Michael Bradley of Horvath & Tremblay.

Description

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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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2026-04-10T21:04:45.81.
www.c21revolution.com/homes/174755555
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236-240 Locust St Springfield, MA 01108

  • Price: $1,725,000
  • Status: Active
  • On Site: Days
  • Updated: 45 min ago
  • MLS #: 73495011
24
Beds
16
Baths
0
½ Baths
0.23
Acres
12,989
SQFT
$133
$/SQFT
1924
Built
County:
Hampden
Property Description
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.
Exterior Features

Color Brick Covered Spaces 0 Garage YN No Levels 5 Lot Features Other Open Parking YN Yes Parking Features On Street Parking Total 0 Road Frontage Type Public Roof Rubber Spa YN No Waterfront YN No

Interior Features

Building Area Total 12989 Fireplace YN No Fireplaces Total 0 Foundation Details Concrete Perimeter Heating Natural Gas Heating YN Yes Lead Paint Unknown Rooms Total 56

Property Features

Community Features Public TransportationShoppingPoolTennis Court(s)ParkWalk/Jog TrailsGolfMedical FacilityLaundromatBike PathHighway AccessHouse of WorshipPrivate SchoolPublic SchoolUniversityOther Electric Individually Metered Electric Expense 11676 Gross Income 265380 Gross Scheduled Income 20128 Home Warranty YN No Insurance Expense 14439 Net Operating Income 139785 Operating Expense 125595 Property Sub Type 5+ Family - 5+ Units Up/Down Rent Includes Unit 1(HeatWaterHot Water)Unit 2(HeatWaterHot Water)Unit 3(HeatWaterHot Water)Unit 4(HeatWaterHot Water) Senior Community YN No Sewer Public Sewer Tax Annual Amount 21078 Tax Year 2026 Total Actual Rent 22115 Water Sewer Expense 18799 Water Source Public Year Built Details Approximate Zoning R3

Listing information © 2026 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Michael Bradley of Horvath & Tremblay: 781-776-4000.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2026-04-10T21:04:45.81.
 
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CENTURY 21 Revolution
625 Massachusetts Ave, 2nd Floor
Cambridge MA, 02139
Listing courtesy of Michael Bradley of Horvath & Tremblay.