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282-292 Union St
Springfield, MA 01105
Union Street Apartments · Multifamily Property For Sale

Investment Highlights

  • Access & Connectivity
  • Nearby Higher Education
  • Strong Rental Demographics & Demand
  • Area Amenities & Demand Drivers
  • Off-Street Parking
  • Quality of Life Amenities

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Union Street Apartments, a multi-family investment property located at 71-81 School St and 282-316 Union St in Springfield, MA (the “Properties” or the “Portfolio”). The multi-story buildings contain ninety-eight (98) total units comprised of three (3) 4-Bedroom/1.5-Bathroom units, three (3) 4-Bedroom/1-Bathroom units, one (1) 3-Bedroom/2-Bathroom unit, one (1) 3-Bedroom/1-Bathroom unit, two (2) 2-Bedroom/1.5-Bathroom units, thirty-six (36) 2-Bedroom/1-Bathroom units, thirty-eight (38) 1-Bedroom/1-Bathroom units, and fourteen (14) Studio units. The Portfolio features a total of 93,007 square feet of gross living area in 115,425 square feet of gross area, spread across 1.36-acres of land and features over forty (40) off-street parking spaces throughout the Portfolio.
The Portfolio at 71–81 School Street and 282–316 Union Street is strategically located in Springfield’s urban core, offering convenient access to the city’s downtown business district, neighborhood retail amenities, and major employment centers. The properties benefit from excellent regional connectivity via Interstate 91, Interstate 291, and the Massachusetts Turnpike (I-90), providing efficient access throughout Western Massachusetts as well as to Hartford, Connecticut and the broader New England region.

Property Facts

Price / SF $112.56 CAD / SF
Cap Rate 8.36%
Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 0
Total Building Size 115,425 SF
Total Land Area 1.17 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
282-292 Union St, Springfield, MA 01105 Multifamily 70,460 SF 1925 -
304-306 Union St, Springfield, MA 01105 Multifamily 27,958 SF 1920 -
308-314 Union St, Springfield, MA 01105 Multifamily 12,496 SF 1915 -
316 Union St, Springfield, MA 01105 Multifamily 4,511 SF 1908 -
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  • Listing ID: 41546692

  • Date on Market: 2026-08-04

  • Last Updated:

  • Address:

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