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6-Unit Apartment Building

174 Locust St, Springfield, MA 01108

For Sale
New
$975,000

All six residences have three bedrooms, individual utility systems, and entry buzzers.

Property Size8,000 SF
Days on Market4

Property Features for 174 Locust St

General Information

Standard status Active
Size 8,000 SF
Total Parking Spaces 6
Property subtype Multifamily

Site & Location

Neighborhood Forest Park

Units

Unit Mix 6 x 3BR
Multifamily Units 6
Individually Metered Utilities electricity, gas

Taxes and HOA fees

Annual Taxes $9,079

Amenities

rear deck
security system
intercom
individual door buzzers

Building Details

Building Size 8,000 SF
Year Built 1989
Listing Agency: M B C REALTORS
Listed By: Maher Khatib · License MA #452501265
Source: Classifiedrealtygroup
Added: Nov 6 Changed: Nov 7 Last Checked: Nov 8 at 2:57AM

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 M B C REALTORS

Rey
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Investment Insights

Based on property information with market context.

Built in 1989, this Springfield apartment property contains six three-bedroom residences, for a total of 18 bedrooms. Each unit has a living and dining area, a kitchen, and newer flooring. Utility systems are separately configured, with individual electric hot water tanks, circuit breaker panels, and forced-air gas heat. A rear deck, centrally monitored security system, intercom, and door buzzers serve the property.

The building is located at 174 Locust St in Springfield, Massachusetts.

Key Highlights

  • Six apartments, each with three bedrooms; 18 bedrooms total
  • Separate electric hot water tanks, circuit breaker panels, and forced‑air gas heating for each unit
  • Living and dining areas and kitchens in all six units

Property Analytics

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Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,214
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
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Market

Average Price Trend$/SF for Apartment buildings in Hampden County, MA

$186 Jul
$187 Aug
$132 Sep
$142 Oct

Properties on Market for Apartment buildings in Hampden County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - All six residences have three bedrooms, individual utility systems, and entry buzzers.
Where is this apartment building located?
The property is located at 174 Locust St Springfield, MA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Six apartments, each with three bedrooms; 18 bedrooms total; Separate electric hot water tanks, circuit breaker panels, and forced‑air gas heating for each unit; Living and dining areas and kitchens in all six units
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