236-240 Locust St
$1,725,000
24
Beds
16
Baths
12,989
Sqft
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$1,725,000
24
Beds
16
Baths
12,989
Living Area
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Property Description
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.
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Highlights
- Heating: Natural Gas
- Property Class: Residential Income
- Stories: 5
- Year Built: 1924
- Levels: 5
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 56
- Status: Active
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Additional Details
- Foundation: Concrete Perimeter
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: R3
- Lot Features: Other
- Roof: Rubber
- Total Number of Units: 16
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, University, Other
- Parking Features: On Street
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Utilities
- Electric: Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,344,700
- Tax Year: 2026
- Total Rent: $22,115
- Rental Fee Includes: Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water), Unit 3(Heat, Water, Hot Water), Unit 4(Heat, Water, Hot Water)
- Taxes: $21,078
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Horvath & Tremblay.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.