18 Coomes St - Apartments FOR SALE


Springfield, MA 01108- Forest Park
$2,600,000 USD
413-386-3558
18 Coomes St, Springfield, MA for Sale
$2,600,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

18 Coomes St
Springfield, MA 01108
Forest Park


HIGHLIGHTS

  • High performing multifamily that is professionally managed
  • Major renovations done in 2025
  • 2 brick 8 units side by side that includes a 3rd parcel

OVERVIEW

Introducing a rare investment opportunity in the heart of Springfield, MA—18-24 Coomes Street, a well-maintained 16-unit multifamily property offering strong cash flow and significant long-term value. This property features all three-bedroom, one-bath units, providing a highly desirable layout for tenants and ensuring steady demand in a competitive rental market. Fourteen of the sixteen units have been completely renovated with modern finishes, updated kitchens and bathrooms, new flooring, and fresh paint throughout, creating a turnkey opportunity for investors.Currently grossing over $30,000 per month in rental income, this property is a high-performing asset with upside potential as the remaining two units are brought up to renovated standards. Professionally managed and stabilized, 18-24 Coomes Street is a perfect addition to any portfolio, whether you're a seasoned investor or completing a 1031 exchange. This property also includes 3 parcels.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$302 USD /SF

# OF UNITS

8596

PRICE/UNIT

$302

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1915

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R3

APN/PARCEL ID

SPRI-003185-000000-000005

ASK ABOUT THIS PROPERTY

Drew RodmanLock & Key RealtyMore Info
413-386-3558

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Drew RodmanLock & Key RealtyMore Info
413-386-3558

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