Multifamily Residential Income
15-17 Huntington St Springfield, MA 01107
For Sale
Contact for pricing
Pending
Residential portfolio with multiple fully occupied units and value-add updating and rent improvement opportunities.
Days on Market104
Property Features for 15-17 Huntington St
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing Agency:
Gallagher Real Estate
Listed By:
Michael Andre · License #MA 9566616
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 6:09PM
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
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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.
