Legal Three-Family Residential
For Sale
$480,000
Pending
116-118 Massasoit St, Springfield, MA 01107
Legal three-family with updated kitchens and bathrooms, individually metered gas and electric, and three gas hot water tanks.
Property Size4,142 SF
Days on Market99
Property Features for 116-118 Massasoit St
General Information
Standard status
Pending
Size
4,142 SF
Property subtype
3 Family
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Year Built
1912
Stories
3
Listing Agency:
RE/MAX IGNITE
(413) 391-7928
Listed By:
Daisy Sanchez · License #9523217
(413) 221-8070
Source:
Lockandkeyre
Added: May 30
Changed: Sep 4
Last Checked: Sep 5 at 6:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX IGNITE
Investment Insights
Based on property information with market context.
This legal three-family residential property offers two units on the first and second floors and a third-floor unit. The first and second floor units each feature 3 bedrooms, while the third-floor unit has 4 bedrooms. All three units include 1.5 baths and are individually metered, with tenants responsible for their own gas and electric utilities. The building has circuit breaker panels and is supported by three gas hot water tanks. Kitchens and bathrooms are updated, and lead compliance documentation is available for all three units.
The property is conveniently located near hospitals, shopping, restaurants, public transportation, and major highways, supporting easy commuting.
First and second floor units will be delivered vacant at the time of sale, providing flexibility for an owner-occupant or investor seeking to move in or reposition units immediately.
The property is conveniently located near hospitals, shopping, restaurants, public transportation, and major highways, supporting easy commuting.
First and second floor units will be delivered vacant at the time of sale, providing flexibility for an owner-occupant or investor seeking to move in or reposition units immediately.
Key Highlights
- Legal three‑family built in 1912 with 3 units and updated kitchens and bathrooms
- Unit mix: first- and second‑floor units have 3 bedrooms; third‑floor unit has 4 bedrooms
- Each unit has 1.5 baths and is individually metered for tenants’ gas and electric utilities
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,414
Businesses Nearby
Explore this area
Business Placement
Demographics for 01107, MA
11,252
Population
4,534
Households
2.5
Avg Household Size
32
Median Age
14%
College-Educated
65%
High-School Grad
1.5 sq mi
ZIP Area
7,501
Density / Sq Mi
$31,969
Median Household Income
$31,543
Median Earnings
$963
Median Rent
$215,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family with updated kitchens and bathrooms, individually metered gas and electric, and three gas hot water tanks.
Where is this triplex located?
The property is located at 116-118 Massasoit St Springfield, MA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Legal three‑family built in 1912 with 3 units and updated kitchens and bathrooms; Unit mix: first- and second‑floor units have 3 bedrooms; third‑floor unit has 4 bedrooms; Each unit has 1.5 baths and is individually metered for tenants’ gas and electric utilities
