Multifamily Residential Income
For Sale
Contact for pricing
Pending
15-17 Huntington St, Springfield, MA 01107
Residential portfolio with multiple fully occupied units and value-add updating and rent improvement opportunities.
Property SizeContact for details
Days on Market142
Property Features for 15-17 Huntington St
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
9
Listing Agency:
Gallagher Real Estate
Listed By:
Michael Andre · License #MA 9566616
Source:
Crexi
Added: Apr 11
Changed: Aug 17
Last Checked: Aug 29 at 12:32AM
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 Gallagher Real Estate
Investment Insights
Based on property information with market context.
This residential income portfolio for sale includes three multifamily properties: a two-family home at 15–17 Huntington Street, a two-family home at 24–26 Grove Street, and a five-family lead-certified income property at 446 Liberty Street. Across the portfolio, units are occupied, with tenants on month-to-month leases. The offering is positioned as value-add, with some updating and rent improvements contemplated, though certain rent improvement items are still pending. The seller notes the property will not pass FHA in its current condition.
The provided 2021 gross monthly income figures are $2,500 for 15–17 Huntington Street, $2,144 for 24–26 Grove Street, and $3,800 for 446 Liberty Street. Net Operating Income as of 12/31/2021 was reported at $64,009, with an estimated NOI after rent improvements of $97,300. The estimated NOI assumes rent levels of $1,100 per month for one-bedroom units, $1,200 for two-bedroom units, and $1,300 for three-bedroom units. Financial information is approximate and based on income during the period of January 1, 2021 through December 31, 2021, and buyers are responsible for due diligence.
The provided 2021 gross monthly income figures are $2,500 for 15–17 Huntington Street, $2,144 for 24–26 Grove Street, and $3,800 for 446 Liberty Street. Net Operating Income as of 12/31/2021 was reported at $64,009, with an estimated NOI after rent improvements of $97,300. The estimated NOI assumes rent levels of $1,100 per month for one-bedroom units, $1,200 for two-bedroom units, and $1,300 for three-bedroom units. Financial information is approximate and based on income during the period of January 1, 2021 through December 31, 2021, and buyers are responsible for due diligence.
Key Highlights
- Residential rental portfolio in Springfield, MA with multiple fully occupied units and value‑add updating/rent improvement opportunities.
- Financials for 2021: Net Operating Income (as of 12/31/2021) of $64,009; estimated NOI after rent improvements of $97,300.
- 446 Liberty St: 5‑family, fully occupied with long‑term tenants on month‑to‑month leases; gross monthly income $3,800.
Property Analytics
Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
2,418
Businesses Nearby
Explore this area
Business Placement
Demographics for 01107, MA
11,252
Population
4,534
Households
2.5
Avg Household Size
32
Median Age
14%
College-Educated
65%
High-School Grad
1.5 sq mi
ZIP Area
7,501
Density / Sq Mi
$31,969
Median Household Income
$31,543
Median Earnings
$963
Median Rent
$215,500
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?
Duplex - Residential portfolio with multiple fully occupied units and value-add updating and rent improvement opportunities.
Where is this duplex located?
The property is located at 15-17 Huntington St Springfield, MA.
What are key features of this property?
This property features: Residential rental portfolio in Springfield, MA with multiple fully occupied units and value‑add updating/rent improvement opportunities.; Financials for 2021: Net Operating Income (as of 12/31/2021) of $64,009; estimated NOI after rent improvements of $97,300.; 446 Liberty St: 5‑family, fully occupied with long‑term tenants on month‑to‑month leases; gross monthly income $3,800.
