Springfield Portfolio: 127
For Sale
$11,900,000
Pending
64 Myrtle St, Springfield, MA 01105
Three stabilized, cash-flowing properties in Springfield's rental market.
Property SizeContact for details
Lot Size3.62 Acres
Days on Market254
Property Features for 64 Myrtle St
General Information
Standard status
Pending
Lot size
3.62 Acres
Property subtype
Commercial
Building Details
Year Built
1914
Listing Agency:
Century 21 Allpoints Realty Southington
(860) 508-2102
Listed By:
Lisa Cozzi · License #REB.0789668
(860) 508-2102
Source:
Elliman
Added: Nov 27, 2025
Changed: Jul 6
Last Checked: Aug 8 at 11:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Allpoints Realty Southington
Investment Insights
Based on property information with market context.
This offering presents a rare portfolio of three stabilized, cash-flowing, professionally managed brick properties located in Springfield's strong rental market. The portfolio totals 127 units, comprising 120 one-bedroom/one-bath units and 7 studios, along with 3 commercial spaces. The properties boast a 96% REAC score and feature upgraded mechanical systems, on-site laundry facilities, and security systems. Recent investments of $270,000 in energy-efficiency upgrades, including attic insulation, low-flow fixtures, and door sealing, have further boosted the Net Operating Income (NOI). There is potential upside through repurposing underused commercial/office space. Two of the assets are listed on the National Register of Historic Places, potentially offering tax credits (buyer to verify). The properties include: 64 Myrtle Street, a 39-unit school conversion featuring 5 lofts, a roof less than 7 years old, Grundfos pumps, and a 2022 ACV Prestige 6 system with dual tanks; 11 Acushnet Avenue, a 24-unit school conversion with a roof less than 10 years old, a 2015 Prestige Triangle Tube system, and a 100-gallon indirect heater; and 519 Main Street, consisting of 64 units with new water heaters (installed in 2022 and 2023), RUUD AC for the commercial space, and a roof less than 10 years old. All three properties are being sold as a portfolio, offering an actual 7.8% CAP rate with annual in-place rent increases.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 01105, MA
12,051
Population
5,554
Households
2.2
Avg Household Size
33
Median Age
8%
College-Educated
64%
High-School Grad
1.2 sq mi
ZIP Area
10,043
Density / Sq Mi
$22,994
Median Household Income
$24,078
Median Earnings
$976
Median Rent
$238,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three stabilized, cash-flowing properties in Springfield's rental market.
Where is this apartment building located?
The property is located at 64 Myrtle St Springfield, MA.
What is the asking price?
The asking price for this property is $11,900,000.
What are key features of this property?
This property features: 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.
