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Imperial Apartments 131-155 River St 75 Unit Apartment Building $17,125,000 CAD ($228,333 CAD/Unit) 7.86% Cap Rate West Springfield, MA 01089



Investment Highlights
- Access & Connectivity
- Property Improvements
- Durable Brick Construction
- Area Amenities & Demand Drivers
- Off-Street Parking
- Strong Rental Demographics & Demand
Executive Summary
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.
Property Facts
| Price | $17,125,000 CAD | Building Class | C |
| Price Per Unit | $228,333 CAD | Lot Size | 1.34 AC |
| Sale Type | Investment | Building Size | 64,540 SF |
| Cap Rate | 7.86% | Average Occupancy | 100% |
| No. Units | 75 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $17,125,000 CAD |
| Price Per Unit | $228,333 CAD |
| Sale Type | Investment |
| Cap Rate | 7.86% |
| No. Units | 75 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.34 AC |
| Building Size | 64,540 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1970 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | WSPR-000455-002300-000001 | Improvements Assessment | $5,863,052 CAD |
| Land Assessment | $2,034,450 CAD | Total Assessment | $7,897,502 CAD |
Property Taxes
Parcel Number
WSPR-000455-002300-000001
Land Assessment
$2,034,450 CAD
Improvements Assessment
$5,863,052 CAD
Total Assessment
$7,897,502 CAD
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Imperial Apartments | 131-155 River St
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