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3-Unit Multifamily Property
New
For Sale
$515,000

122 Fort Pleasant Avenue, Springfield, MA 01108

Two apartments are leased, while the middle-floor residence is available for occupancy or leasing.

Property Size3,841 SF
Price / SF$134.08
Days on Market5

Property Features for 122 Fort Pleasant Avenue

General Information

Standard status Active
Size 3,841 SF
Property subtype Multi-family

Additional Details

Highway Access Yes
Multifamily Units 3

Building Details

Year Built 1910
Stories 3
Listing Agency: Lock and Key Realty Inc.
Listed By: Amanda Bradshaw
Source: Gogginsrealestate
Added: Sep 23 Changed: Sep 26 Last Checked: Sep 26 at 8:06AM

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 Lock and Key Realty Inc.

Investment Insights

Based on property information with market context.

Built in 1910, this 3,841-square-foot triplex has one apartment on each floor. The first- and third-floor units are rented; the second-floor unit is vacant. Recent interior work includes paint, kitchen and bath updates, and new flooring. Shared hallways and exterior surfaces, including the porches, have also been updated. Mechanical improvements include two newer water heaters and a new heat pump serving the third-floor apartment.

The property includes off-street parking and a three-car garage. It is near city amenities and highway access.

Key Highlights

  • Three apartments, with the second‑floor unit vacant and the other two rented
  • 3,841‑square‑foot property built in 1910
  • Three‑car garage and off‑street parking

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Furniture & Home Goods Pet Grooming Service Storage Facility Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

887
Businesses Nearby

Demographics for 01108, MA

27,671
Population
11,332
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
81%
High-School Grad
3.4 sq mi
ZIP Area
8,139
Density / Sq Mi
$51,851
Median Household Income
$34,539
Median Earnings
$1,224
Median Rent
$219,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Two apartments are leased, while the middle-floor residence is available for occupancy or leasing.
Where is this triplex located?
The property is located at 122 Fort Pleasant Avenue Springfield, MA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Three apartments, with the second‑floor unit vacant and the other two rented; 3,841‑square‑foot property built in 1910; Three‑car garage and off‑street parking
More about this property
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