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INVESTMENT SNAPSHOT
About this property
Group showing Friday 12/12 at 2PM. 192 White Street in Springfield presents a prime investment opportunity with this well-maintained 21-unit building featuring a mix of studios, one-bedrooms, and two-bedrooms. A major advantage for investors is that all utilities are separately metered, keeping operating costs low and boosting overall returns. Many units have already been updated by the current owner, offering a blend of modern finishes and continued value-add potential. Ideally located near transportation, amenities, and major employers, the property attracts steady rental demand and provides strong long-term upside for any investor seeking a solid, diversified multifamily asset.
Property details
| Units | 21 |
| Living area | 18,707 sqft |
| Lot size | 5,898 sqft |
| Year built | 1920 |
| Price / sqft | $152 |
| County | Hampden |
| MLS # | 73459983 |
Taxes & financials
| Annual property tax | $29,179 |
| Tax year | 2025 |
| Assessed value | $1,860,900 |
| Zoning | R2 |
| Gross income (actual) | $324,000/yr |
| Net operating income (actual) | $82,200/yr |
| Total actual rent | $5,600/mo |
Building & lot
| Stories | 5 |
| Total rooms | 68 |
| Lot size | 0.14 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Parking | Off Street |
| Basement | Full |
| Foundation | Brick/Mortar |
| Roof | Shingle |
| Construction | Brick |
| Flooring | Wood, Vinyl |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Springfield →
Listing courtesy of Lock and Key Realty Inc. — Andrew Rodman. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 192-198 White St, Springfield MA 01108 have?
It is a 21-unit multi-family property with 18,707 sqft of living area, built in 1920.
What is the estimated cap rate on this 21-family in Springfield?
Based on area median rents, the estimated cap rate is about 8.4%, with a Signal Score of 99/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $2,835,000 across 21 units, that works out to roughly $135,000 per unit.
What are the property taxes on 192-198 White St, Springfield MA 01108?
Annual property taxes are $29,179 (2025), on an assessed value of $1,860,900.
What is the price per square foot?
At $2,835,000 for 18,707 sqft, that's about $152 per square foot.
Where is this property located?
192-198 White St, Springfield MA 01108 is in Springfield, Hampden County, MA 01108.
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