174 Locust St Springfield — Photo 1 of 35
Recent Drop: $25,000
$975,000
Investment Analysis — 174 Locust St
Springfield, MA 01108
Based on rent reported on the MLS listing, a 6-unit multi-family in 01108 carries $12,600/mo in gross rent — about a 10.85% cap rate and $105,833/yr in estimated NOI at the $975,000 list price. Adjust every assumption in the calculator below.
Beds
18
Baths
6
SqFt
8,000
Style
5+ Family - 5+ Units Up/Down
Built
1989
RARE SIX-FAMILY INVESTMENT OPPORTUNITY! This one-of-a-kind property offers six spacious 3-bedroom units—18 bedrooms total—each featuring a generous living/dining area, spacious kitchen, and newer flooring. Every unit has separate utilities, including in-unit circuit breaker panels, separate electric hot water tanks, and separate forced hot-air gas heating systems, providing convenience and efficient management. Additional features include a newer rear deck, centrally monitored security system, intercom, and individual door buzzers. With six large units, separate systems, and numerous updates already in place, this property stands apart from the typical six-family. An excellent opportunity for an investor looking to add a quality income-producing multifamily property to their portfolio. Rarely does a six-family with this combination of space, separate utilities, and amenities become available. Don't miss this exceptional investment opportunity!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Laundromat • Highway Access • House of Worship • Public School
Geography
Property History
$975,000
Was $1,000,000
Sep 11, 2026
MLS® 73561263
$1,000,000
Aug 10, 2026
MLS® 73561263
Listing Agent: Maher Khatib
Listing Office: M B C REALTORS®
MLS® Number: 73561263
