181-187 Chestnut St, Springfield, MA 01103

Springfield
Local realty services provided by:ERA Millennium Real Estate
181-187 Chestnut St,Springfield, MA 01103
$1,980,000
  • 8 Beds
  • 11 Baths
  • 11,628 sq. ft.
  • Multi-family
  • Active
Listed by: anthony ardolino
Office: berkshire hathaway homeservices realty professionals
MLS#:73578799
Source:MLSPIN

Price summary

  • Price:$1,980,000
  • Price per sq. ft.:$170.28

About this home

Exceptional Downtown Springfield Mixed-Use Investment Opportunity. 181–187 Chestnut Street is a well-maintained 11-unit mixed-use asset consisting of three street-level commercial spaces and eight one-bedroom apartments in the heart of Springfield’s downtown Business Improvement District. The property offers approximately $183,000 in potential gross annual rental income at full occupancy, reflecting substantial rent growth and improved income performance. The approximately 11,628-square-foot historic brick building has undergone significant renovation and offers an attractive combination of residential and commercial income. The building is fully sprinklered, with separate utilities, beautifully maintained common areas, high ceilings, oversized windows and excellent Chestnut Street visibility. The location continues to strengthen. The Commonwealth has selected nearby 125 Liberty Street for the new Roderick L. Ireland Regional Justice Center, a major long-term investment in this...

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Home facts

  • Year built:1900
  • Listing ID #:73578799
  • Updated:September 27, 2026 at 10:50 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:11
  • Full bathrooms:11
  • Rooms Total:27
  • Flooring:Hardwood, Tile
  • Basement Description:Full
  • Living area:11,628 sq. ft.

Structure and exterior

  • Roof:Rubber
  • Year built:1900
  • Building area:11,628 sq. ft.
  • Lot area:0.12 Acres
  • Lot Features:Corner Lot
  • Construction Materials:Brick
  • Exterior Features:Deck
  • Foundation Description:Brick/Mortar

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,980,000
  • Price per sq. ft.:$170.28
  • Tax amount:$21,013 (2026)

Parking

  • Total parking spaces:6
  • Parking description:Off Street, Paved Drive
The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

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