Active
33 Days on market
174 Locust St Springfield — Photo 1 of 35

174 Locust St Springfield — Photo 1 of 35

Recent Drop: $25,000

$1,000,000
$975,000

$975,000

174 Locust St, Springfield, MA 01108

Springfield, MA 01108

Investor Analysis

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!

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$122/sqft
Local Avg (Springfield)$148/sqft
18% BelowMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Springfield, MA.

Property Details

Financials

Original Price$1,000,000
Annual Taxes$9,079

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms36
FireplacesNone
FlooringTile, Laminate, Other
BasementFull, Interior Entry

Climate & Utilities

HeatingForced Air, Natural Gas
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR3

Property & Lot

Acres0.19
SqFt Lot8,141
Lot Features--

Neighborhood

Public Transportation • Shopping • Laundromat • Highway Access • House of Worship • Public School

Geography

Property History

Price Drop
$975,000

Was $1,000,000

Sep 11, 2026

MLS® 73561263

Listed
$1,000,000

Aug 10, 2026

MLS® 73561263

Population

27,405

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$51K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

54.9%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Hampden County

359 housing units permitted in the last 12 months (+20% vs the prior 12 months) — 74 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Maher Khatib

Listing Office: M B C REALTORS®

MLS® Number: 73561263

Browse More Homes in Springfield

Explore other active listings in the area.