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Legal Three-Family Residential Property

116-118 Massasoit St Springfield, MA 01107

116-118 Massasoit St, Springfield, MA, 01107
$480,000
For Sale
$480,000

Legal three-family with updated kitchens and bathrooms, individually metered gas and electric, and three gas hot water tanks.

Property Size4,142 SF
Price / SF$115.89
Days on Market54

Property Features for 116-118 Massasoit St

General Information

Standard status
Active
Size
4,142 SF
Property subtype
3 Family

Building Details

Year Built
1912
Listing agency RE/MAX IGNITE
Listed by Daisy Sanchez · License #9523217
Source Lockandkeyre
Added: May 30 Updated: Jul 21 at 6:18PM Checked: Jul 21 at 6:18PM

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.

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

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency (Bike/Boat/Book/etc) Store Bakery Carpet & Flooring Store Locksmith Computer & Electronic Repair Garden Center (Bike/Boat/Book/etc) Store Catering Service Tattoo & Piercing Shop

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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
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