Building Details

Year Built 1900

Listing Agency: Sorcinelli Real Estate Show Phone

Listed By: Antonio Sorcinelli Show Phone

Source: Elliman

Added: Apr 4 Changed: Aug 21 Last Checked: Aug 8 at 7:20AM

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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 Sorcinelli Real Estate

Investment Insights

Based on property information with market context.

This multifamily property is fully rented, with both tenants currently under leases. The location is considered very walkable, with a walk score of 76, and bikeable, with a bike score of 58. Public transportation is readily accessible, indicated by a transit score of 62.

Key Highlights

• Fully rented with existing leases.
• Very Walkable (Walk Score: 76).
• Good Transit (Transit Score: 62).

Property Analytics

Property Profile

Current Use

ES Countertops LLC Building Supply Templo Pentecostal Re-Edificando ... Church

Suggested Use

Top Pick Bakery (Bike/Boat/Book/etc) Store Carpet & Flooring Store Furniture & Home Goods Pet Grooming Service Restaurant

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

2,201

Businesses Nearby

Explore this area Business Placement

Demographics for 01089, MA

28,835

Population

13,095

Households

2.2

Avg Household Size

41

Median Age

35%

College-Educated

91%

High-School Grad

16.7 sq mi

ZIP Area

1,727

Density / Sq Mi

$70,401

Median Household Income

$43,186

Median Earnings

$1,121

Median Rent

$307,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Multifamily property - Multifamily property with good transit and walkable location.

Where is this multifamily property located?

The property is located at 3 Century Way West Springfield, MA.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Fully rented with existing leases.; Very Walkable (Walk Score: 76).; Good Transit (Transit Score: 62).