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Imperial Apartments 131-155 River St 75 Unit Apartment Building $12,500,000 ($166,667/Unit) 7.86% Cap Rate West Springfield, MA 01089



Investment Highlights
- Access & Connectivity
- Property Improvements
- Durable Brick Construction
- Area Amenities & Demand Drivers
- Off-Street Parking
- Strong Rental Demographics & Demand
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property, known as the “Imperial Apartments”, located at 133-155 River Street in West Springfield, MA (the “Property”). The multi-story buildings contain fifty-two (52) 2-Bedroom/1- Bathroom units and twenty-three (23) 1-Bedroom/1-Bathroom units with 63,078 square feet of gross living area in 64,540 square feet of gross area. The Property is situated upon a 1.34-acre parcel and features ample off-street parking. 133–155 River Street is well-positioned in West Springfield, offering strong access to the town’s primary commercial corridors, established residential neighborhoods, and the broader Springfield metropolitan area. The property benefits from convenient connectivity to major regional roadways including Interstate 91, Interstate 90, and Route 5, providing efficient access throughout Western Massachusetts and into northern Connecticut.
Property Facts
| Price | $12,500,000 | Building Class | C |
| Price Per Unit | $166,667 | Lot Size | 1.34 AC |
| Sale Type | Investment | Building Size | 64,540 SF |
| Cap Rate | 7.86% | Average Occupancy | 100% |
| No. Units | 75 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $12,500,000 |
| Price Per Unit | $166,667 |
| Sale Type | Investment |
| Cap Rate | 7.86% |
| No. Units | 75 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.34 AC |
| Building Size | 64,540 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1970 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | WSPR-000455-002300-000001 | Improvements Assessment | $4,279,600 |
| Land Assessment | $1,485,000 | Total Assessment | $5,764,600 |
Property Taxes
Parcel Number
WSPR-000455-002300-000001
Land Assessment
$1,485,000
Improvements Assessment
$4,279,600
Total Assessment
$5,764,600
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Imperial Apartments | 131-155 River St
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