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    120 Mill St Springfield, MA 01108

    For Sale
    $599,000

    Renovated two-family home generating $4,450 monthly income.

    Lot size:
    0.51 Acres

    Property Features for 120 Mill St

    General Information

    Lot size
    0.51 Acres

    Building Details

    Year built
    1910

    Source: MacMillan Group, LLC Agent Demetrios Panteleakis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Victorian Two-Family Home

    This Victorian two-family home generates $4,450 a month in income. The property underwent a complete renovation five years ago, down to the studs. Updates include new HVAC, electrical, and plumbing systems throughout the building. The roof was replaced, including the plywood sheathing. Energy-efficient Harvey windows were installed. The renovation included new toilets, sinks, and vanities in the bathrooms, as well as new kitchens with appliances. Bathrooms feature new showers, tubs, and vanities. New doors were installed throughout the property. All walls are now drywall with insulation in the basement and attic areas. Existing railings were preserved and refinished. New commercial-grade vinyl flooring was installed in the kitchens, and the existing hardwood floors were sanded and polyurethane. New lighting fixtures were added.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5755704
    Latitude
    42.092131

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    FAQs

    What type of property is this?
    Duplex - Renovated two-family home generating $4,450 monthly income.
    Where is this duplex located?
    The property is located at 120 Mill St Springfield, MA.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Substantial rental income of $4,450 per month, effectively paying for itself; - Complete renovation down to the studs just 5 years ago; - New HVAC, electrical, and plumbing systems installed
    (413) 315-0727
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    Springfield, MA 01108
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 Mill St Springfield, MA 01108
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