Rare investment opportunity in the heart of Springfield! This 14 unit property offers a blend of historic character & modern functionality. The front building, built 1910, features 6 units with timeless charm including original woodwork & decorative fireplaces - plus a large, finished attic unit offering additional rental income potential. Connected at the rear, the 1975-built addition has 8 units, each with tenant paid electric. The property has recently received many updates including a 5 year old high efficiency boiler (owner paid heat/hot water), along with a newer on-demand hot water system. Several units have been recently renovated & the back building has been sub-metered to enhance operational efficiency. There is a large basement with space for on-site office build-out as well. With ample off-street parking and a convenient location near public transportation, employers, and major highways, this is an ideal investment opportunity in a thriving multifamily market!
For sale
Price cut: $35K (5/22)
$1,265,000
128 Mill St, Springfield, MA 01108
15beds
10,604sqft
Est.:
5-9 Family
Built in 1910
-- sqft lot
$-- Zestimate®
$119/sqft
$-- HOA
What's special
Original woodworkHistoric characterAmple off-street parkingDecorative fireplacesLarge finished attic unit
- 23 days
- on Zillow |
- 1,104 |
- 33 |
Zillow last checked: 7 hours ago
Listing updated: May 22, 2025 at 10:03am
Listed by:
Madeline Ceruti,
Century 21 AllPoints Realty
Source: MLS PIN,MLS#: 73368742
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 14
- Full bathrooms: 14
Features
- Windows: Insulated Windows
- Basement: Full,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 10,604
- Total interior livable area: 10,604 sqft
- Finished area above ground: 10,604
Property
Parking
- Total spaces: 14
- Parking features: Paved Drive, Off Street, Paved
- Has uncovered spaces: Yes
Lot
- Size: 0.46 Acres
Details
- Parcel number: S:08675 P:0052,2596020
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Frame
- Foundation: Block, Brick/Mortar, Slab
- Roof: Shingle
Condition
- Year built: 1910
Utilities & green energy
- Electric: Common, Individually Metered
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Thermostat
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, University
Location
- Region: Springfield
Financial & listing details
- Price per square foot: $119/sqft
- Tax assessed value: $964,800
- Annual tax amount: $15,128
- Date on market: 5/2/2025
- Total actual rent: 1775
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