Search
Multifamily Investment Property
For Sale
$799,000

18 Salem St Springfield, Springfield, MA 01105

Multifamily building on a 0.4653-acre lot near local amenities, schools, and major roadways, currently not occupied.

Property SizeContact for details
Days on Market124

Property Features for 18 Salem St Springfield

General Information

Standard status Active
Zoning R3

Taxes and HOA fees

Annual Taxes $13,889

Building Details

Year Built 1890
Listing Agency: SR Commercial Realty
Listed By: Amanda Lucido Hodges
Source: Bournetosellrealestate
Added: Apr 24 Changed: Aug 23 Last Checked: Aug 25 at 4:53AM

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 SR Commercial Realty

Investment Insights

Based on property information with market context.

Located at 18 Salem St in Springfield, this multifamily property offers a functional layout designed to support long-term residential income. The building is currently not occupied and is being offered with the opportunity for light improvements.

The property is situated in a well-established residential neighborhood with convenience to local amenities, schools, and major roadways.

The offering consists of approximately 20,734 square feet on a 0.4653-acre lot. For additional information or to schedule a tour, contact the listing team.

Key Highlights

  • Multifamily building at 18 Salem Street in Springfield
  • Approximately 20,734 SF building on a 0.4653‑acre lot
  • Currently not occupied

Property Analytics

Current Use

Christian Biblical Church Church IAR Springfield Church

Suggested Use

Top Pick Garden Center Veterinary Clinic Locksmith (Bike/Boat/Book/etc) Store Furniture & Home Goods Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,004
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily building on a 0.4653-acre lot near local amenities, schools, and major roadways, currently not occupied.
Where is this apartment building located?
The property is located at 18 Salem St Springfield Springfield, MA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Multifamily building at 18 Salem Street in Springfield; Approximately 20,734 SF building on a 0.4653‑acre lot; Currently not occupied
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message