98-Unit Apartment Building
For Sale
Contact for pricing
71-81 School St, Springfield, MA 02670
Multi-story residential buildings provide a broad mix of studios and one- to four-bedroom apartments.
Property Size115,425 SF
Lot Size1.36 Acres
Price / SF$80.14
Days on Market9
Property Features for 71-81 School St
General Information
Standard status
Active
Size
115,425 SF
Total Parking Spaces
40
Lot size
1.36 Acres
Property subtype
Multifamily
Net Operating Income
$773,398
Units
Unit Mix
3 x 4BR/1.5BA, 3 x 4BR/1BA, 1 x 3BR/2BA, 1 x 3BR/1BA, 2 x 2BR/1.5BA, 36 x 2BR/1BA, 38 x 1BR/1BA, 14 x Studio
Multifamily Units
98
Additional Details
Highway Access
Yes
Building Details
Year Built
1908
Year Renovated
2025
Buildings
4
Stories
5
Units
98
Tenancy
Multi
Listing Agency:
Horvath & Tremblay
(781) 776-4002
Listed By:
Michael Bradley · License #MA 1000571-RE-RB:
Source:
Crexi
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 11 at 1:21PM
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 apartment building portfolio includes 98 units across multi-story residential properties at 71-81 School St and 282-316 Union St. The unit mix ranges from studios through four-bedroom apartments, with configurations including 1, 1.5, and 2 bathrooms. The properties contain 93,007 square feet of gross living area within 115,425 square feet of gross area, situated on 1.36 acres. More than 40 off-street parking spaces are distributed throughout the portfolio.
The properties are positioned in Springfield’s urban core, with access to the downtown business district, neighborhood retail, and major employment centers. Regional connections include Interstate 91, Interstate 291, and the Massachusetts Turnpike (I-90), supporting travel across Western Massachusetts and toward Hartford, Connecticut, and the broader New England region. The buildings date to 1908.
The properties are positioned in Springfield’s urban core, with access to the downtown business district, neighborhood retail, and major employment centers. Regional connections include Interstate 91, Interstate 291, and the Massachusetts Turnpike (I-90), supporting travel across Western Massachusetts and toward Hartford, Connecticut, and the broader New England region. The buildings date to 1908.
Key Highlights
- 98 total apartment units with studio through 4‑bedroom configurations
- 93,007 square feet of gross living area within 115,425 square feet of gross area
- 1.36 acres of land across the portfolio
Property Analytics
Current Use
Lease Details
98
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,957
Businesses Nearby
Explore this area
Business Placement
Demographics for 02670, MA
1,463
Population
2,173
Households
0.7
Avg Household Size
63
Median Age
61%
College-Educated
99%
High-School Grad
2.1 sq mi
ZIP Area
697
Density / Sq Mi
$89,875
Median Household Income
$59,500
Median Earnings
$1,493
Median Rent
$647,400
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?
Apartment building - Multi-story residential buildings provide a broad mix of studios and one- to four-bedroom apartments.
Where is this apartment building located?
The property is located at 71-81 School St Springfield, MA.
What is the asking price?
The asking price for this property is $9,250,000.
What are key features of this property?
This property features: 98 total apartment units with studio through 4‑bedroom configurations; 93,007 square feet of gross living area within 115,425 square feet of gross area; 1.36 acres of land across the portfolio
