Stabilized Brick Multifamily
For Sale
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64 Myrtle St, Springfield, MA 01151
Three professionally managed brick apartment buildings total 127 units, with on-site laundry and upgraded mechanicals.
Property Size144,383 SF
Price / SF$82.42
Days on Market248
Property Features for 64 Myrtle St
General Information
Standard status
Active
Size
144,383 SF
Property subtype
MULTIFAMILY
Additional Details
Cap Rate
7.8%
Amenities
on-site laundry
security systems
Listing Agency:
Century 21 - AllPoints Realty | Wethersfield
(860) 508-2102
Listed By:
Lisa Cozzi · License #REB.0789668
(860) 508-2102
Source:
Moodyscre
Added: Dec 15, 2025
Changed: Aug 8
Last Checked: Aug 8 at 10:32AM
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 Century 21 - AllPoints Realty | Wethersfield
Investment Insights
Based on property information with market context.
A rare portfolio of three stabilized, cash-flowing brick apartment buildings totaling 127 units in Springfield, MA. The mix includes 120 1-bedroom/1-bath units and 7 studios, plus 3 commercial units. The properties are professionally managed and equipped with security systems and on-site laundry.
The portfolio reflects strong recent performance with a 96% REAC score. Mechanical and systems upgrades include energy-efficiency work totaling $270,000 (attic insulation, low-flow fixtures, and door sealing). Additional improvements and current equipment include Grundfos pumps and 2022 ACV Prestige 6 with dual tanks at 64 Myrtle; a 2015 Prestige Triangle Tube system with a 100-gallon indirect heater at 11 Acushnet; and newer water heaters installed in 2022 and 2023 plus RUUD AC for commercial use and roofing under 10 years at 519 Main.
Two assets, 64 Myrtle and 11 Acushnet, are listed on the National Register of Historic Places, and any potential tax credits would need to be verified by the buyer. The 519 Main building contains 64 units, and all three properties were sold as a portfolio.
The portfolio reflects strong recent performance with a 96% REAC score. Mechanical and systems upgrades include energy-efficiency work totaling $270,000 (attic insulation, low-flow fixtures, and door sealing). Additional improvements and current equipment include Grundfos pumps and 2022 ACV Prestige 6 with dual tanks at 64 Myrtle; a 2015 Prestige Triangle Tube system with a 100-gallon indirect heater at 11 Acushnet; and newer water heaters installed in 2022 and 2023 plus RUUD AC for commercial use and roofing under 10 years at 519 Main.
Two assets, 64 Myrtle and 11 Acushnet, are listed on the National Register of Historic Places, and any potential tax credits would need to be verified by the buyer. The 519 Main building contains 64 units, and all three properties were sold as a portfolio.
Key Highlights
- Actual 7.8% cap rate with annual in‑place rent increases across three professionally managed brick properties
- 127 total units: 120 1‑bed/1‑bath, 7 studios, plus 3 commercial units in Springfield’s rental market
- 96% REAC score, on‑site laundry, and security systems
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 01151, MA
9,150
Population
3,959
Households
2.3
Avg Household Size
34
Median Age
17%
College-Educated
77%
High-School Grad
2.4 sq mi
ZIP Area
3,813
Density / Sq Mi
$57,113
Median Household Income
$39,117
Median Earnings
$1,239
Median Rent
$219,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three professionally managed brick apartment buildings total 127 units, with on-site laundry and upgraded mechanicals.
Where is this apartment building located?
The property is located at 64 Myrtle St Springfield, MA.
What is the asking price?
The asking price for this property is $11,900,000.
What are key features of this property?
This property features: Actual 7.8% cap rate with annual in‑place rent increases across three professionally managed brick properties; 127 total units: 120 1‑bed/1‑bath, 7 studios, plus 3 commercial units in Springfield’s rental market; 96% REAC score, on‑site laundry, and security systems
