Overview Property Details Payment Calculator Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

116-118 Massasoit St, Springfield MA 01107

Active

116-118 Massasoit St, Springfield MA 01107

$480,000

Estimated $1,352/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $160,000

Total Rent: 30300/year

Estimated CAP Rate:

8 Bedrooms

Baths

4142

Total Parking: 3

4,657 (0.11)

Motivated Seller! Excellent opportunity to own this legal three-family property with strong income potential. The first and second floor units each offer 3 bedrooms, while the third-floor unit features 4 bedrooms. All units offer 1.5 baths and are individually metered with tenants paying their own gas and electric utilities. Property includes circuit breaker panels, three gas hot water tanks, updated kitchens, and updated bathrooms. First and second floor units will be delivered vacant, making this a great option for owner-occupants or investors. Lead compliance documentation available for all 3 units. Conveniently located near hospitals, shopping, restaurants, public transportation, and major highways for easy commuting. Open House Tuesday, June 2, 2026 from 4:00 PM – 6:00 PM.

This home has been viewed 11 times

Last Checked: May 31st, 2026 at 9:53am (Source: MLS PIN #73527157)

Gross Income: $30,300

Gross Expenses: $6,887

Net Income Calc: $23,413

Water Views

Annual Expenses for 116-118 Massasoit St, Springfield MA 01107

Total Gross Expenses (Calculated)$6,887/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6887

Annual Income & Unit Breakdown for 116-118 Massasoit St, Springfield MA 01107

Total Gross Income (Calculated)$30,300

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full, 1 Half

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 116-118 Massasoit St, Springfield MA 01107

Listing ID73527157

Property TypeMulti Family / 3 Family

Price480000 ($115.89/SqFt)

Style3 Family

CitySpringfield

CountyHampden

Neighborhood(s)

Approximate Living Area Total4142

Approximate Lot Size (Acres)0.11

Total Parking3

Garage Parking0

Year Built1912

Year Built SourcePublic Records

Year Built DetailsRenovated Since

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Area0

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 116-118 Massasoit St, Springfield MA 01107

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWindow Treatments In 2 Bedrooms

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 116-118 Massasoit St, Springfield MA 01107

Real Estate Taxes6887

Tax Year2025

Assessed Value$439,200

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 116-118 Massasoit St, Springfield MA 01107

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 116-118 Massasoit St, Springfield MA 01107

Agent

Name: Daisy Sanchez

Office

Name: RE/MAX IGNITE

Phone: 413-391-7928

Payment Calculator

, Interest

Property Taxes 573.92

Principal & Interest 2957.61

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX IGNITE

Daisy Sanchez

Agent Phone

Office Phone

(413) 391-7928

Text Agent Call Agent Call Office

Array
(
    [acres] => Approx. 0.11 acres (4,657 SqFt)
    [add_date] => 2026-05-31 09:53:35
    [address] => Massasoit St
    [agent] => Array
        (
            [address] => 51 Wildwood Lane
            [city] => South Hadley
            [id] => BB921302
            [name] => Daisy Sanchez
            [national_association] => 452503790
            [office] => AN2829
            [state] => MA
            [zip] => 01075
        )

[apod_available] => Array
        (
            [0] => No
        )

[appliances] => Array
        (
            [0] => Range
        )

[approx_living_area_total] => 4142
    [approx_lot_size_acres] => 0.11
    [approx_lot_size_sqft] => 4657
    [assessed_value] => $439,200
    [association] => 
    [association_fee] => Array
        (
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => 0
    [basement] => Array
        (
            [0] => Full
        )

[bathrooms] => 
    [bedrooms] => 8
    [building_amenities] => Array
        (
        )

[building_area_source] => Array
        (
            [0] => Public Records
        )

[building_management] => Array
        (
        )

[building_debug] => 
    [building_id] => 
    [building_parent] => 0
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 
    [buyer_agent_id] => 
    [buyer_office_id] => 
    [c_style] => Array
        (
            [0] => 3 Family
        )

[c_type] => Array
        (
            [0] => Multi Family
        )

[cap_rate] => 
    [city] => Springfield
    [community_features] => Array
        (
            [0] => Walk/jog Trails
        )

[compensation_based_on] => Array
        (
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
            [0] => Frame
        )

[construction_status] => 
    [cooling] => Array
        (
        )

[cooperating_agent_commission] => Array
        (
        )

[county] => Hampden
    [cultivation_acres] => 
    [date_available_note] => 
    [deposit_amount] => Array
        (
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => Motivated Seller! Excellent opportunity to own this legal three-family property with strong income potential. The first and second floor units each offer 3 bedrooms, while the third-floor unit features 4 bedrooms. All units offer 1.5 baths and are individually metered with tenants paying their own gas and electric utilities. Property includes circuit breaker panels, three gas hot water tanks, updated kitchens, and updated bathrooms. First and second floor units will be delivered vacant, making this a great option for owner-occupants or investors. Lead compliance documentation available for all 3 units.  Conveniently located near hospitals, shopping, restaurants, public transportation, and major highways for easy commuting.  Open House Tuesday, June 2, 2026  from 4:00 PM – 6:00 PM.
    [disclosures] => 
    [documents_available] => Array
        (
        )

[electric] => Array
        (
            [0] => 220 Volts
        )

[electric_expense] => Array
        (
        )

[elementary_school] => 
    [en_suite_bath] => Array
        (
            [0] => Yes
        )

[energy_features] => 
    [entry_level] => Array
        (
        )

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
            [0] => Window Treatments In 2 Bedrooms
        )

[exterior_features] => Array
        (
        )

[facilitator_compensation] => 
    [fee_paid_by_tennant] => 
    [financial_data_source] => Array
        (
            [0] => Estimated
        )

[fireplaces] => Array
        (
        )

[first_month_required] => Array
        (
        )

[floor_number] => 0
    [flooring] => Array
        (
            [0] => Tile
        )

[for_sale_by_owner] => 
    [foundation_area] => 0
    [foundation_materials] => Array
        (
        )

[frontage_length] => 
    [full_baths] => 
    [garage_parking] => 0
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
        )

[gross_income] => Array
        (
        )

[half_baths] => 
    [handicap_access] => 
    [heating] => 
    [heating_expense] => Array
        (
        )

[high_school] => 
    [horse_features] => Array
        (
        )

[horse_permitted] => 0
    [hot_water] => Array
        (
        )

[id] => 
    [insurance_expense] => Array
        (
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
            [0] => French Doors
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2026-05-31 09:53:35
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
            [0] => None
        )

[lease_term] => Array
        (
        )

[levels_in_unit] => 3
    [living_area] => 
    [living_area_disclosure] => Array
        (
        )

[living_area_includes_basement] => Array
        (
            [0] => No
        )

[lot_features] => Array
        (
            [0] => Gentle Sloping
        )

[management_expense] => Array
        (
        )

[middle_school] => 
    [miscellaneuos_expense] => Array
        (
        )

[mls_area] => 
    [mls_id] => 73527157
    [neighborhoods] => 
    [net_income_calc] => 23413
    [net_operating_income] => Array
        (
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 3
    [office] => Array
        (
            [id] => AN2829
            [name] => RE/MAX IGNITE
            [phone] => 413-391-7928
        )

[operating_expense] => Array
        (
        )

[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
            [0] => 1
        )

[pasture_area] => 
    [patio_and_porch] => Array
        (
            [0] => Covered
        )

[perc_test] => Array
        (
        )

[perc_test_date] => 
    [pet_policy] => Array
        (
            [0] => Allowed
        )

[phone] => 
    [pool_features] => Array
        (
        )

[price] => 480000
    [price_per_sqft] => 115.89
    [price_per_unit] => 160000
    [private_pool] => 
    [property_sub_type] => Array
        (
            [0] => 3 Family
        )

[real_estate_tax] => 6887
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
            [0] => Heat
        )

[repair_maintenance_expense] => Array
        (
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
            [0] => Asphalt/fiberglass Shingles
        )

[rooms] => 16
    [schools] => 
    [senior_community] => 
    [sewer] => Array
        (
            [0] => Public Sewer
        )

[sewer_expense] => Array
        (
        )

[short_sale] => Array
        (
        )

[special_listing_conditions] => Array
        (
        )

[state] => Massachusetts
    [state_code] => MA
    [status] => Array
        (
            [0] => Active
        )

[street_number] => 116-118
    [structure_type] => Array
        (
        )

[style] => Array
        (
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 
    [tag_elevator] => 
    [tag_equestrian] => 
    [tag_garage_parking] => 
    [tag_generator] => 
    [tag_green_features] => 1
    [tag_laundry] => 
    [tag_lead_paint_free] => 1
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
    [tag_private_outdoor_space] => 
    [tag_private_pool] => 
    [tag_professional_management] => 
    [tag_recently_renovated] => 
    [tag_senior_community] => 
    [tag_townhouse] => 
    [tag_waterfront] => 
    [tag_waterview] => 1
    [tax_year] => 2025
    [team] => 
    [team_agents] => Array
        (
        )

[terms] => Array
        (
        )

[timber_acres] => 
    [title_5] => 
    [total_gross_expense] => 6887
    [total_gross_income] => 30300
    [total_parking] => 3
    [trash_expense] => Array
        (
        )

[travel_routes] => 
    [uffi] => Array
        (
        )

[unit_1_bathrooms] => 1 Full, 1 Half
    [unit_1_bedrooms] => 3
    [unit_1_floor] => 1
    [unit_1_lease] => Array
        (
            [0] => N
        )

[unit_1_levels] => 1
    [unit_1_rent] => Array
        (
        )

[unit_2_bathrooms] => 1 Full, 1 Half
    [unit_2_bedrooms] => 3
    [unit_2_floor] => 2
    [unit_2_lease] => Array
        (
            [0] => N
        )

[unit_2_levels] => 1
    [unit_2_rent] => Array
        (
        )

[unit_3_bathrooms] => 1 Full, 1 Half
    [unit_3_bedrooms] => 4
    [unit_3_floor] => 3
    [unit_3_lease] => Array
        (
            [0] => N
        )

[unit_3_levels] => 1
    [unit_3_rent] => Array
        (
        )

[unit_4_bathrooms] => 
    [unit_4_bedrooms] => 
    [unit_4_floor] => 
    [unit_4_lease] => Array
        (
        )

[unit_4_levels] => 
    [unit_4_rent] => Array
        (
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => 116-118 Massasoit St, Springfield MA 01107
    [utilities] => Array
        (
            [0] => 110 Volts
        )

[view] => Array
        (
        )

[water] => Array
        (
            [0] => Public
        )

[water_expense] => Array
        (
        )

[water_views] => Array
        (
            [0] => No
        )

[water_views_features] => Array
        (
        )

[waterfront] => 0
    [waterfront_features] => Array
        (
        )

[raw] => 
)

EXIT

29 More Photos

Active

116-118 Massasoit St, Springfield MA 01107

$480,000

Annual Expenses for 116-118 Massasoit St, Springfield MA 01107

Annual Income & Unit Breakdown for 116-118 Massasoit St, Springfield MA 01107

General Information for 116-118 Massasoit St, Springfield MA 01107

Disclosures for 116-118 Massasoit St, Springfield MA 01107

Financial Information for 116-118 Massasoit St, Springfield MA 01107

Location Information for 116-118 Massasoit St, Springfield MA 01107

Contact Information for 116-118 Massasoit St, Springfield MA 01107

Agent

Office

Payment Calculator

Exclusive Listing Agent

RE/MAX IGNITE

Daisy Sanchez