Log In/Sign Up
Your email has been sent.
128 Mill St 15 Unit Apartment Building $1,195,000 ($79,667/Unit) Springfield, MA 01108
INVESTMENT HIGHLIGHTS
- 5 Year Old High Efficiency Boiler
- Below Market Rents - Amazing Value Add Position
- Additional 15th Unit - Spacious Finished Attic for Additional Rental Potential
- Newer On Demand High Efficiency HW
- Convenient & Central Location
EXECUTIVE SUMMARY
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! 9.7% Proforma!
PROPERTY FACTS
| Price | $1,195,000 | Apartment Style | Low-Rise |
| Price Per Unit | $79,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| No. Units | 15 | Building Size | 13,332 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1910/2025 |
| Zoning | R3 | ||
| Price | $1,195,000 |
| Price Per Unit | $79,667 |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 13,332 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1910/2025 |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Heating
- Eat-in Kitchen
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 9 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | SPRI-008675-000000-000052 | Improvements Assessment | $754,800 |
| Land Assessment | $210,000 | Total Assessment | $964,800 |
PROPERTY TAXES
Parcel Number
SPRI-008675-000000-000052
Land Assessment
$210,000
Improvements Assessment
$754,800
Total Assessment
$964,800
1 of 15
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
128 Mill St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.