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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
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
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100

Property Taxes

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
  • Listing ID: 40193598

  • Date on Market: 2026-04-17

  • Last Updated:

  • Address: 131-155 River St, West Springfield, MA 01089

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