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Four-Story Apartment Buildings

468 Liberty Street, Springfield, MA 01104

For Sale
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Two multi-family buildings offer consistent two-bedroom layouts with dedicated off-street parking.

Property Size18,740 SF
Lot Size0.22 Acres
Price / SF$101.39
Days on Market100

Property Features for 468 Liberty Street

General Information

Standard status Active
Size 18,740 SF
Total Parking Spaces 6
Lot size 0.22 Acres
Property subtype Multifamily
Occupancy 81%
Net Operating Income $167,109

Site & Location

Neighborhood Liberty Heights
Highway Access Yes
Road Access Yes

Units

Unit Mix 16 x 2BR/1BA
Multifamily Units 16

Building Details

Year Built 1916
Buildings 2
Stories 4
Units 16
Tenancy Multi
Listing Agency: Horvath & Tremblay
Listed By: Michael Bradley · License MA 1000571-RE-RB
Source: Crexi
Added: Aug 6 Changed: Nov 8 Last Checked: Nov 12 at 6:33AM

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 Horvath & Tremblay

Rey
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Investment Insights

Based on property information with market context.

This multi-family offering includes two four-story apartment buildings with 16 total units. Each building contains eight two-bedroom, one-bathroom apartments, creating a consistent unit configuration across the portfolio. The properties provide 15,030 square feet of gross living area within 18,740 square feet of gross area, along with six off-street parking spaces on 0.22 acres.

Built in 1916, the buildings are located on Liberty Street in Springfield’s Liberty Heights neighborhood. The area provides access to downtown Springfield, nearby retail corridors, and surrounding residential communities. Regional connectivity is supported by nearby Interstate 291, Interstate 91, and the Massachusetts Turnpike, or Interstate 90, with access toward Chicopee, Holyoke, Westfield, and the Greater Hartford metropolitan area.

Key Highlights

  • 16 total units across two four‑story apartment buildings
  • Eight 2‑Bedroom/1‑Bathroom units in each building
  • 15,030 square feet of gross living area within 18,740 square feet of gross area

Property Analytics

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Lease Details

16
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,690
Businesses Nearby

Demographics for 01104, MA

23,598
Population
9,562
Households
2.5
Avg Household Size
38
Median Age
13%
College-Educated
77%
High-School Grad
5.2 sq mi
ZIP Area
4,538
Density / Sq Mi
$47,530
Median Household Income
$37,463
Median Earnings
$1,004
Median Rent
$210,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Hampden County, MA

$186 Jul
$187 Aug
$132 Sep
$142 Oct

Properties on Market for Apartment buildings in Hampden County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Two multi-family buildings offer consistent two-bedroom layouts with dedicated off-street parking.
Where is this apartment building located?
The property is located at 468 Liberty Street Springfield, MA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 16 total units across two four‑story apartment buildings; Eight 2‑Bedroom/1‑Bathroom units in each building; 15,030 square feet of gross living area within 18,740 square feet of gross area
(781) 300-2502 Call to check price and availability
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