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Multifamily Investment Portfolio
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528-532 Union Street, Springfield, MA 01109

Portfolio includes three multi-story buildings with 28 total residential units and off-street parking.

Property Size35,650 SF
Lot Size0.32 Acres
Price / SF$98.18
Days on Market106

Property Features for 528-532 Union Street

General Information

Standard status Active
Size 35,650 SF
Lot size 0.32 Acres
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 28

Building Details

Year Built 1912
Year Renovated 2026
Buildings 3
Units 28
Tenancy Multi
Listing Agency: Horvath & Tremblay
Listed By: Michael Bradley · License #MA 1000571-RE-RB:
Source: Crexi
Added: May 8 Changed: Aug 16 Last Checked: Aug 20 at 5:08AM

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.

Horvath & Tremblay presents an exclusive for-sale multifamily investment portfolio consisting of three multi-story apartment buildings at 528-532 Union St, 529 Union St, and 75 Orleans St in Springfield, MA. The portfolio totals 28 units across 35,650 square feet of gross area, including twelve 3-bedroom/1-bath units and sixteen 2-bedroom/1-bath units.

528-532 Union St includes four 3-bedroom/1-bath units and eight 2-bedroom/1-bath units. 529 Union St includes eight 3-bedroom/1-bath units. 75 Orleans St includes eight 2-bedroom/1-bath units. The portfolio is situated on 0.32 acres and includes off-street parking.

The properties are located just east of downtown Springfield, with access to the city’s primary commercial corridors, employment centers, and neighborhood amenities. Additional connectivity is supported by nearby Interstate 91 and Interstate 90, and the buildings are a short distance from Union Station, which offers rail and intercity bus service.

Key Highlights

  • Multi‑family investment portfolio in Springfield, MA: 3 multi‑story buildings at 528–532 Union St, 529 Union St, and 75 Orleans St
  • 28 total residential units: twelve 3BR/1BA and sixteen 2BR/1BA
  • Gross living area: 28,584 SF within 35,650 SF total gross area

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Furniture & Home Goods Kitchen & Bath Showroom Garden Center Veterinary Clinic (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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

Lease Details

28
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,648
Businesses Nearby

Demographics for 01109, MA

30,968
Population
10,786
Households
2.9
Avg Household Size
30
Median Age
17%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
5,735
Density / Sq Mi
$46,821
Median Household Income
$34,971
Median Earnings
$1,112
Median Rent
$203,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Portfolio includes three multi-story buildings with 28 total residential units and off-street parking.
Where is this apartment building located?
The property is located at 528-532 Union Street Springfield, MA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Multi‑family investment portfolio in Springfield, MA: 3 multi‑story buildings at 528–532 Union St, 529 Union St, and 75 Orleans St; 28 total residential units: twelve 3BR/1BA and sixteen 2BR/1BA; Gross living area: 28,584 SF within 35,650 SF total gross area
(781) 776-4002 Call to check price and availability
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