236-240 Locust St contains sixteen (16) total units comprised of eight (8) 2-Bedroom/1-Bathroom units and eight (8) 1-Bedroom/1-Bathroom units with 12,989 square feet of gross living area in 16,207 square feet of gross area. The Property is situated upon a 0.23-acre parcel and features on-street parking. The Property is well-positioned in the urban core of Springfield, offering strong access to the city’s downtown business district, neighborhood retail corridors, and surrounding residential neighborhoods. Tenants are responsible for electricity, while the Landlord is responsible for gas powered heat & hot water and city water & sewer. Recent capital improvements include an upgraded boiler and hot water system from 2025, adding to the durability and long term value of the asset. The opportunity exists to acquire a well maintained asset with recently upgraded utilities in the densely populated Springfield market.
12,989 Sq Ft
0.23 Private Acres Lot Size
investment
$1,757 Monthly Tax
Built in 1924
MLS/Listing ID 73495011
5 Stories
16 Units
Parking - On Street
Community - Bike Path
Community - Highway Access
Community - House of Worship
Community - Laundromat
Community - Medical Facility
Community - Private School
Community - Public School
Community - University
Community - Walk/Jog Trails
Rubber
Community - Tennis Courts
Community - Shopping
Community - Public Transportation
Community Pool
Community - Park
Community - Golf
Concrete Perimeter
Heating - Natural Gas
TOTAL MONTHLY COST
$0
$0
$0