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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.
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 | $12,992,180 CAD | Number of Properties | 4 |
| Price / SF | $112.56 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 8.36% | Total Building Size | 115,425 SF |
| Sale Type | Investment | Total Land Area | 1.17 AC |
| Status | Active |
| Price | $12,992,180 CAD |
| 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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Union Street Apartments
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