131-155 River St - Apartments FOR SALE


West Springfield, MA 01089
$12,500,000 USD
781-300-2502
131-155 River St, West Springfield, MA for Sale
$12,500,000 USD
Apartments - FOR SALE
1/11
null | 7.86% Cap Rate

131-155 River St
West Springfield, MA 01089


HIGHLIGHTS

  • Access & Connectivity
  • Area Amenities & Demand Drivers
  • Property Improvements
  • Off-Street Parking
  • Durable Brick Construction
  • Strong Rental Demographics & Demand

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property, known as the “Imperial Apartments”, located at 133-155 River Street in West Springfield, MA (the “Property”). The multi-story buildings contain fifty-two (52) 2-Bedroom/1- Bathroom units and twenty-three (23) 1-Bedroom/1-Bathroom units with 63,078 square feet of gross living area in 64,540 square feet of gross area. The Property is situated upon a 1.34-acre parcel and features ample off-street parking. 133–155 River Street is well-positioned in West Springfield, offering strong access to the town’s primary commercial corridors, established residential neighborhoods, and the broader Springfield metropolitan area. The property benefits from convenient connectivity to major regional roadways including Interstate 91, Interstate 90, and Route 5, providing efficient access throughout Western Massachusetts and into northern Connecticut.

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/SF

$176 USD /SF

# OF UNITS

75

PRICE/UNIT

$166,667

CAP RATE

7.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Imperial Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

-

APN/PARCEL ID

WSPR-000455-002300-000001

ASK ABOUT THIS PROPERTY

Michael BradleyHorvath & TremblayMore Info
781-300-2502

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Michael BradleyHorvath & TremblayMore Info
781-300-2502

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.