Springfield, MA Apartment Buildings for Sale

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Chicopee, MA West Springfield, MA Agawam, MA East Longmeadow, MA Holyoke, MA Ludlow, MA Wilbraham, MA South Hadley, MA

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Updated: Sep 18

Renovated Mixed-Use Building

181-187 Chestnut St, Springfield, MA 01103

$1,980,000

11,628 sqft

11‑unit configuration with 3 commercial spaces and 8 one‑bedroom apartments
Approximately 11,628 SF historic brick building
Significant renovation with full sprinkler system and separate utilities
High ceilings, oversized windows, and maintained common areas
Located at 181–187 Chestnut Street in downtown Springfield’s Business Improvement District

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Updated: Jul 29

16-Unit Apartment Building

120-122 Central St, Springfield, MA 01105

$2,000,000

11,260 sqft

16‑unit apartment building at 120‑122 Central Street
Unit mix includes 7 two‑bedroom and 9 one‑bedroom apartments
11,260 square feet of building area
Lead certificates in all 16 units
Built in 1927

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6-Unit Mixed-Use Property

298-302 Belmont Avenue, Springfield, MA 01108

$749,900

6,415 sqft

Renovated building combines four apartments with two occupied commercial suites and private off-street parking.

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See hot listings in Springfield

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in

Est. NOI available after sign in

Local Demand available after sign in

Twelve-Bedroom Apartment Building

109 Grover Street, Springfield, MA 01104

$744,000

20,403 sqft 0.11 AC lot

Spacious apartment building with 12 bedrooms and six full bathrooms, built in 1909.

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Mixed-Use Income Property

683-687 State St, Springfield, MA 01109

$1,650,000

11,250 sqft

Mixed-use building with 15 residential apartments and 2 commercial spaces, including vacancies and recently updated units.

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98-Unit Apartment Building Portfolio

71-81 School St, Springfield, MA 02670

Contact for pricing

115,425 sqft 1.36 AC lot

Multi-story residential buildings provide a broad mix of studios and one- to four-bedroom apartments.

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Four-Story Apartment Buildings

468 Liberty Street, Springfield, MA 01104

Contact for pricing

18,740 sqft 0.22 AC lot

Two multi-family buildings offer consistent two-bedroom layouts with dedicated off-street parking.

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Multifamily Building Investment Opportunity

228 Belmont Ave, Springfield, MA 01108

$1,400,000

Expansive multifamily building with strong rental income in prime location.

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Mixed-Use Apartment and Retail

211-213 Worthington St, Springfield, MA 01103

Contact for pricing

3,366 sqft

Fully leased 8-unit building with seven residential apartments and one leased restaurant/bar retail space.

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Springfield Portfolio: 127 Units

64 Myrtle Street, Springfield, MA 01105

$11,900,000

Three stabilized, cash-flowing properties in Springfield's rental market.

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Based on your search, we've compiled 75 Potential Opportunities for your consideration. Besides 10 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

Opportunities in Nearby Cities

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

Six-Unit Apartment Building

541-543 Front Street, Chicopee, MA 01013

$720,000

4,227 sqft 0.11 AC lot

Three-story multifamily property with basement laundry facilities and dedicated off-street parking.

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8-Unit Apartment Building

632 S East, Holyoke, MA 01040

$1,029,000

5,580 sqft

Partially completed multifamily property with updated core systems and finish materials available for the remaining work.

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Reconstructed Eight-Unit Apartment Building

632 South East Street, Holyoke, MA 01040

$1,029,000

5,580 sqft

Partially completed multifamily property with updated building systems, an unfinished basement, and included finish materials.

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Historic Chicopee Mixed-Use Development Opportunity

35 Grape Street, Chicopee, MA 01013

Contact for pricing

100,000 sqft 2.00 AC lot

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

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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

Estimated value:

$24,680,000

229,164 sqft 3.80 AC lot

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APARTMENT HOUSE (5+ UNITS)

196-200 Locust St, Springfield, MA 01108

Estimated value:

$1,280,000

16,602 sqft 0.47 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

270-274 Locust St, Springfield, MA 01108

Estimated value:

$5,555,000

22,088 sqft 0.30 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

65 Belmont Ave, Springfield, MA 01108-1676

Estimated value:

$580,000

21,767 sqft 0.29 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

22-24 Winthrop St, Springfield, MA 01105

Estimated value:

$355,000

19,907 sqft 0.19 AC lot

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APARTMENT HOUSE (5+ UNITS)

93 Pne St, Springfield, MA 01105-1459

Estimated value:

$225,000

13,415 sqft 0.21 AC lot

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APARTMENT HOUSE (5+ UNITS)

71-75 Saratoga St, Springfield, MA 01105

Estimated value:

$250,000

12,775 sqft 0.09 AC lot

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APARTMENT HOUSE (5+ UNITS)

90-94 Oswego St, Springfield, MA 01105

Estimated value:

$530,000

25,060 sqft 0.20 AC lot

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APARTMENT HOUSE (5+ UNITS)

75-79 Oswego St, Springfield, MA 01105

Estimated value:

$365,000

17,937 sqft 0.20 AC lot

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APARTMENT HOUSE (5+ UNITS)

26 Niagara St, Springfield, MA 01105-2266

Estimated value:

$560,000

25,928 sqft 0.22 AC lot

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APARTMENT HOUSE (5+ UNITS)

16-18 Montpelier St, Springfield, MA 01105

Estimated value:

$375,000

18,105 sqft 0.11 AC lot

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APARTMENT HOUSE (5+ UNITS)

9-11 Bayonne St, Springfield, MA 01105

Estimated value:

$350,000

17,065 sqft 0.20 AC lot

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APARTMENT HOUSE (5+ UNITS)

12-16 Bayonne St, Springfield, MA 01105

Estimated value:

$300,000

16,430 sqft 0.14 AC lot

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APARTMENT HOUSE (5+ UNITS)

36 Cumberland St, Springfield, MA 01107-1873

Estimated value:

$365,000

19,870 sqft 0.12 AC lot

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Springfield, MA Apartment Buildings Market Trends and Statistics

Explore 71 apartment buildings for sale in Springfield, MA, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 198,487 square feet of properties for sale, with an estimated market value of $20,423,900.

Sale prices for two-family homes in Springfield, MA start at $744,000, averaging $2,917,700, and reaching up to $11,900,000 — 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
01119	$730K
01104	$744K
01103	$990K
01108	$1.1M
01109	$1.7M

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

181-187 Chestnut St, Springfield, MA 01103

120-122 Central St, Springfield, MA 01105

298-302 Belmont Avenue, Springfield, MA 01108

109 Grover Street, Springfield, MA 01104

683-687 State St, Springfield, MA 01109

71-81 School St, Springfield, MA 02670

468 Liberty Street, Springfield, MA 01104

228 Belmont Ave, Springfield, MA 01108

211-213 Worthington St, Springfield, MA 01103

64 Myrtle Street, Springfield, MA 01105

Opportunities in Nearby Cities

541-543 Front Street, Chicopee, MA 01013

632 S East, Holyoke, MA 01040

632 South East Street, Holyoke, MA 01040

35 Grape Street, Chicopee, MA 01013

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

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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