1031 Exchange

Springfield, MA 1031 Exchange Properties for Sale

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Chicopee, MA West Springfield, MA Agawam, MA East Longmeadow, MA Holyoke, MA Ludlow, MA Wilbraham, MA South Hadley, MA
16-Unit Apartment Building
Updated: Jul 29
16-Unit Apartment Building

120-122 Central St, Springfield, MA 01105

$2,000,000
11,260 sqft
16‑unit apartment building at 120‑122 Central Street
Unit mix includes 7 two‑bedroom and 9 one‑bedroom apartments
11,260 square feet of building area
Lead certificates in all 16 units
Built in 1927
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Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Springfield, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Medical Office with Elevator
Medical Office with Elevator

136 W Main Street, New Britain, CT 06052

$625,000
9,712 sqft 0.17 AC lot

The current five-year lease has four years remaining, with the tenant contributing toward utilities.

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Day Care Center with Parking
Day Care Center with Parking

1 Beverly Drive, Sterling, MA 01564

$959,000
2,600 sqft 1.04 AC lot

Leased facility in LI zoning with frontage on Rt 12 and on-site parking.

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Exchange Property with Day Care
Exchange Property with Day Care

1 Beverly Dr, Sterling, MA 01564

$959,000
2,600 sqft

A day care business currently occupies the building under lease.

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Leased Medical Office Property
Leased Medical Office Property

136 West Main Street, New Britain, CT 06052

$625,000

The building has a three-stop elevator, fire sprinklers, and off-street parking.

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Springfield, MA 1031 Exchange Properties Market Trends and Statistics

Explore 1 1031 exchange properties for sale in Springfield, MA on our real estate platform. These investment opportunities span a total of 11,260 square feet of properties for sale, with an estimated market value of $2,000,000.

Sale prices for 1031 exchange properties in Springfield, MA average $2,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

NNN properties 4
Churches & religious facilities 3
Schools 2
1031 exchange properties 1
Day care centers 1

Demographics Overview

Population 171K
Population Growth (5Y) +1.4%
Median Household Income $60,860
College Educated 19.9%

High-Yield Neighborhoods for Investment

Identify Springfield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
01105 $2M

Taxes & Financing

Tax Rate (average for all types) 3.26%
Property Tax per SF $40.45 per SF
Tax Rate vs County Average 0.49 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Hampden County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Springfield fall within the 100,000+ square foot range.

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