RARE 10.8% CAP RATE – 16% CASH ON CASH 4-UNIT INVESTMENT IN FOREST PARK. Presenting a premier high-yield asset at 127 Dickinson St, a 4-unit residential portfolio offering immediate double-digit returns. This legal 4-family features four spacious 2-bedroom/1-bath units, providing a robust unit mix for the Springfield market. The building has undergone significant capital improvements, including updated electrical (circuit breakers), plumbing, and newer hot water heaters. Interiors feature refreshed kitchens, updated flooring, and fresh paint in 2 of 4 units. While currently stabilized, an identified 17% rental upside exists by transitioning current rents to market levels. Situated on a prominent corner lot in the Forest Park neighborhood. Features include 4 dedicated off-street parking spaces, private porches for each unit, and a fenced-in yard. Separated utilities (Natural Gas & Electric). This asset delivers on every metric. Full underwriting package available upon request.
Property Details
Price:
$459,000
MLS #:
73469357
Status:
Active
Beds:
7
Baths:
4
Type:
Multi Family
Subtype:
4 Family
Neighborhood:
forestpark
Listed Date:
Jan 16, 2026
Finished Sq Ft:
7,290
Total Sq Ft:
7,290
Lot Size:
7,291 sqft / 0.16 acres (approx)
Year Built:
1909
Units:
4
See this Listing
Schools
Interior
Bathrooms
4 Full Bathrooms
Cooling
None
Heating
Electric, Natural Gas
Exterior
Community Features
Public Transportation, Shopping, Park, Medical Facility, Highway Access, Public School
Construction Materials
Frame
Parking Spots
2
Roof
Shingle
Financial
Tax Year
2024
Taxes
$4,956
Map
Community
- Address127 Dickinson St Springfield MA
- CitySpringfield
- CountyHampden
- Zip Code01108
Subdivisions in Springfield
Market Summary
Current real estate data for Multi Family in Springfield as of Jan 21, 2026
104
Multi Family Listed
149
Avg DOM
141
Avg $ / SqFt
$444,980
Avg List Price
Property Summary
- 127 Dickinson St Springfield MA is a Multi Family for sale in Springfield, MA, 01108. It is listed for $459,000 To schedule a showing of MLS#73469357 at 127 Dickinson St in Springfield, MA, contact your River Flows Realty LLC agent at 917-520-2593.
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Courtesy of William Raveis Inspire. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
127 Dickinson St
Springfield, MA