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
$21,078 Annual Tax
Built in 1924
MLS/Listing ID 73495011
5 Stories
16 Units
Heating - Natural Gas
Concrete Perimeter
Community - Golf
Rubber
Community - Walk/Jog Trails
Community - University
Community - Public School
Community - Private School
Community - Medical Facility
Community - Park
Community Pool
Community - Public Transportation
Community - Shopping
Community - Tennis Courts
Community - Laundromat
Community - House of Worship
Community - Highway Access
Community - Bike Path
Parking - On Street
TOTAL MONTHLY COST
$0
$0
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