An experimental scheme is proposed for building massively multipartite entangled states using both the spatial and the frequency modes of an optical parametric oscillator. We provide analytical forms of the entangled states using the squeezed eigenmodes of Heisenberg equations, a.k.a. the nullifiers of the corresponding graph state. This scheme can generate, in parallel, several cluster states described by sparsely connected, bicolorable graph states, usable for one-way quantum computing. We indicate the experimentally accessible quantum graphs, depending on the squeezing parameter.