Springfield, MA Apartment Buildings for Sale

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Chicopee, MA West Springfield, MA Agawam, MA

8 properties

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Updated: Mar 10

Multifamily Building Investment Opportunity

228 Belmont Ave, Springfield, MA 1108

$1,350,000

0.28 AC lot

Strong rental income and excellent tenant appeal for immediate returns.
Updated mechanical systems (heating, plumbing, electrical) for low‑maintenance ownership.
Spacious units with functional layouts, natural light, and modernized kitchens/baths.
Secured entry and dedicated off‑street parking for tenant convenience and safety.
Professionally managed property, ensuring consistent upkeep and tenant satisfaction.

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Updated: Nov 27, 2025

Springfield Portfolio: 127 Units

64 Myrtle St, Springfield, MA 1105

$11,900,000

3.62 AC lot

Actual 7.8% CAP Rate with annual rent increases ensuring strong cash flow.
Portfolio of 3 stabilized brick properties totaling 127 units in a strong rental market.
High 96% REAC score indicating well‑maintained properties.
$270K recently invested in energy‑efficiency upgrades, boosting NOI.
Upgraded mechanicals across all properties, including newer roofs, water heaters, and HVAC systems.

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Mixed-Use Property with Apartment

774-776 Liberty St, Springfield, MA 1104

$330,000

0.05 AC lot

Investment property featuring a barbershop and a three-bedroom apartment.

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Springfield Multi-Family Home

74 Cherry St, Springfield, MA 1105

$360,000

2,003 sqft

Meticulously maintained multi-family home with six bedrooms.

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Mixed-Use Investment Opportunity

26-28 Parker Street, Springfield, MA 1151

$689,000

1,920 sqft

Mixed-use property with storefronts and residential units for sale.

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Mixed-Use Property with Income Potential

774-776 Liberty St, Springfield, MA 1104

$330,000

0.05 AC lot

Investment property featuring a barbershop and a three-bedroom apartment.

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Mixed-Use Property in Springfield

570-582 Main Street, Springfield, MA 1105

$780,000

Mixed-use property with commercial space and residential units available for sale.

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Mixed-Use Commercial and Residential Building

570-582 Main Street, Springfield, MA 1119

$750,000

Three interconnected front stores operate as a church, with residential units on the second and third floors.

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Based on your search, we've compiled 77 Potential Opportunities for your consideration. Besides 8 Active listings in Springfield, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 61 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Cash Flowing 7-Unit Property

156 East St, Chicopee, MA 1020

$890,000

7-unit property with multiple income streams and recent updates.

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Turnkey 5-Family Investment Opportunity

1825 Northampton St, Holyoke, MA 1040

$549,000

Large 5-family property in Holyoke with upside potential.

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Turnkey 5-Family Investment Opportunity

1825 Northampton Street, Holyoke, MA 1040

$535,000

3,252 sqft

Five-unit multifamily property in Holyoke with upside potential.

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Historic Chicopee Mixed-Use Development Opportunity

35 Grape Street, Chicopee, MA 1013

$1,299,900

100,000 sqft

2+ acre site zoned commercial and industrial with development potential.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Brooklyn Two-Family Home with Development Potential

69 Martense Street, Brooklyn, NY 11226

$1,888,888

2,660 sqft · 0.10 AC lot

Two-family home on a large lot with significant development potential.

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Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

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Central Business Zoned Development Land

107 HOWARD Street, La Plata, MD 20646

$250,000

0.23 AC lot

Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Off-Market Properties in Springfield, MA

Consider similar Off-Market properties in Springfield, MA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (5+ UNITS)

414 Chestnut St, Springfield, MA 01104-3567

$22,265,000

Estimated value

229,164 sqft · 3.80 AC lot

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APARTMENT HOUSE (5+ UNITS)

196-200 Locust St, Springfield, MA 01108

$1,265,000

Estimated value

16,602 sqft · 0.47 AC lot

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APARTMENT HOUSE (5+ UNITS)

270-274 Locust St, Springfield, MA 01108

$5,375,000

Estimated value

22,088 sqft · 0.30 AC lot

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APARTMENT HOUSE (5+ UNITS)

65 Belmont Ave, Springfield, MA 01108-1676

Value Estimation by Request

21,767 sqft · 0.29 AC lot

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APARTMENT HOUSE (5+ UNITS)

22-24 Winthrop St, Springfield, MA 01105

Value Estimation by Request

19,907 sqft · 0.19 AC lot

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APARTMENT HOUSE (5+ UNITS)

93 Pne St, Springfield, MA 01105-1459

Value Estimation by Request

13,415 sqft · 0.21 AC lot

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APARTMENT HOUSE (5+ UNITS)

71-75 Saratoga St, Springfield, MA 01105

Value Estimation by Request

12,775 sqft · 0.09 AC lot

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APARTMENT HOUSE (5+ UNITS)

90-94 Oswego St, Springfield, MA 01105

Value Estimation by Request

25,060 sqft · 0.20 AC lot

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APARTMENT HOUSE (5+ UNITS)

75-79 Oswego St, Springfield, MA 01105

Value Estimation by Request

17,937 sqft · 0.20 AC lot

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APARTMENT HOUSE (5+ UNITS)

26 Niagara St, Springfield, MA 01105-2266

$505,000

Estimated value

25,928 sqft · 0.22 AC lot

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APARTMENT HOUSE (5+ UNITS)

16-18 Montpelier St, Springfield, MA 01105

Value Estimation by Request

18,105 sqft · 0.11 AC lot

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APARTMENT HOUSE (5+ UNITS)

9-11 Bayonne St, Springfield, MA 01105

Value Estimation by Request

17,065 sqft · 0.20 AC lot

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APARTMENT HOUSE (5+ UNITS)

12-16 Bayonne St, Springfield, MA 01105

Value Estimation by Request

16,430 sqft · 0.14 AC lot

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APARTMENT HOUSE (5+ UNITS)

36 Cumberland St, Springfield, MA 01107-1873

Value Estimation by Request

19,870 sqft · 0.12 AC lot

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APARTMENT HOUSE (5+ UNITS)

755 Worthington St, Springfield, MA 01105-1140

Value Estimation by Request

14,784 sqft · 0.81 AC lot

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APARTMENT HOUSE (5+ UNITS)

221 Bay St, Springfield, MA 01109-3900

$845,000

Estimated value

59,172 sqft · 1.03 AC lot

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Springfield, MA Apartment Buildings Market Trends and Statistics

Explore 69 apartment buildings for sale in Springfield, MA, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 3,923 square feet of properties for sale, with an estimated market value of $1,049,000.

Sale prices for two-family homes in Springfield, MA start at $360,000, averaging $524,500, and reaching up to $689,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 171K

Population Growth (5Y) +1.4%

Median Household Income $60,860

College Educated 19.9%

High-Yield Neighborhoods for Investment

Identify Springfield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
Indian Orchard	$689K
Springfield	$3.4M

Taxes & Financing

Tax Rate (average for all types) 3.26%

Property Tax per SF $40.45 per SF

Tax Rate vs County Average 0.49 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Hampden County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Springfield fall within the 100,000+ square foot range.

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Springfield, MA Apartment Buildings for Sale

228 Belmont Ave, Springfield, MA 1108

64 Myrtle St, Springfield, MA 1105

774-776 Liberty St, Springfield, MA 1104

74 Cherry St, Springfield, MA 1105

26-28 Parker Street, Springfield, MA 1151

774-776 Liberty St, Springfield, MA 1104

570-582 Main Street, Springfield, MA 1105

570-582 Main Street, Springfield, MA 1119

Opportunities in Nearby Cities

156 East St, Chicopee, MA 1020

1825 Northampton St, Holyoke, MA 1040

1825 Northampton Street, Holyoke, MA 1040

35 Grape Street, Chicopee, MA 1013

Potential Development Sites for Consideration

69 Martense Street, Brooklyn, NY 11226

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

107 HOWARD Street, La Plata, MD 20646

215 N Bear Creek Road, Asheville, NC 28806

Off-Market Properties in Springfield, MA

414 Chestnut St, Springfield, MA 01104-3567

196-200 Locust St, Springfield, MA 01108

270-274 Locust St, Springfield, MA 01108

65 Belmont Ave, Springfield, MA 01108-1676

22-24 Winthrop St, Springfield, MA 01105

93 Pne St, Springfield, MA 01105-1459

71-75 Saratoga St, Springfield, MA 01105

90-94 Oswego St, Springfield, MA 01105

75-79 Oswego St, Springfield, MA 01105

26 Niagara St, Springfield, MA 01105-2266

16-18 Montpelier St, Springfield, MA 01105

9-11 Bayonne St, Springfield, MA 01105

12-16 Bayonne St, Springfield, MA 01105

36 Cumberland St, Springfield, MA 01107-1873

755 Worthington St, Springfield, MA 01105-1140

221 Bay St, Springfield, MA 01109-3900

Springfield, MA Apartment Buildings Market Trends and Statistics

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Property Size Breakdown

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