Multifamily Property Near
For Sale
Contact for pricing
47 Hollywood Street, Springfield, MA 01108
Income-producing multifamily asset with nearby PVTA bus service and access to Springfield’s employment, retail, and cultural destinations.
Property Size12,483 SF
Price / SF$80.11
Days on Market129
Property Features for 47 Hollywood Street
General Information
Standard status
Active
Size
12,483 SF
Property subtype
Multifamily
Net Operating Income
$88,947
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Building Details
Year Built
1916
Buildings
2
Listing Agency:
Horvath & Tremblay
(781) 776-4002
Listed By:
Dennis Kelleher · License #MA 9504385
Source:
Crexi
Added: Apr 27
Changed: Aug 30
Last Checked: Aug 30 at 11:11AM
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
Investment Insights
Based on property information with market context.
This 12,483-square-foot multifamily property was built in 1916 and is located at 47 Hollywood Street in Springfield, Massachusetts. The building benefits from nearby PVTA bus service, with stops along Belmont Avenue and Dickinson Street within a short walk. Springfield Union Station is also a short drive away, providing intercity bus and rail connections, including Amtrak and Hartford Line commuter rail service. Regional highway access includes I-91 and major Springfield arterials.
The property is in Springfield’s Forest Park neighborhood, near MGM Springfield, the Basketball Hall of Fame, the Springfield Museums, the riverfront, and downtown entertainment venues. Residents also have access to retail and dining along State Street and Boston Road, including ALDI, Price Rite Marketplace, Stop & Shop, pharmacies, restaurants, and national quick-service operators. Tenants pay oil-powered heat and hot water costs plus separately metered electricity directly, while the landlord pays city water and sewer expenses.
The property is in Springfield’s Forest Park neighborhood, near MGM Springfield, the Basketball Hall of Fame, the Springfield Museums, the riverfront, and downtown entertainment venues. Residents also have access to retail and dining along State Street and Boston Road, including ALDI, Price Rite Marketplace, Stop & Shop, pharmacies, restaurants, and national quick-service operators. Tenants pay oil-powered heat and hot water costs plus separately metered electricity directly, while the landlord pays city water and sewer expenses.
Key Highlights
- 12,483‑square‑foot multifamily property at 47 Hollywood Street, Springfield, MA 01108
- Built in 1916
- PVTA bus stops are within a one‑minute walk along Belmont Avenue and Dickinson Street
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
Explore this area
Business Placement
Demographics for 01108, MA
27,671
Population
11,332
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
81%
High-School Grad
3.4 sq mi
ZIP Area
8,139
Density / Sq Mi
$51,851
Median Household Income
$34,539
Median Earnings
$1,224
Median Rent
$219,500
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?
Multifamily property - Income-producing multifamily asset with nearby PVTA bus service and access to Springfield’s employment, retail, and cultural destinations.
Where is this multifamily property located?
The property is located at 47 Hollywood Street Springfield, MA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 12,483‑square‑foot multifamily property at 47 Hollywood Street, Springfield, MA 01108; Built in 1916; PVTA bus stops are within a one‑minute walk along Belmont Avenue and Dickinson Street
