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Elizabeth Manor 238 Maple St 40 Unit Apartment Building $6,750,000 ($168,750/Unit) 7.18% Cap Rate Agawam, MA 01001



Investment Highlights
- Access & Connectivity
- Recent Capital 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 “Elizabeth Manor”, located at 238 Maple Street in Agawam, MA (the “Property”). The multi-story building contains thirty-nine (39) 2-Bedroom/1-Bathroom units and one (1) 3-Bedroom/1-Bathroom unit with 37,944 square feet of gross living area in 38,784 square feet of gross area. The Property is situated upon a 1.70-acre parcel and features ample off-street parking spaces on the Property. The Property is well-positioned in Agawam, offering convenient access to the city’s primary commercial corridors, surrounding residential neighborhoods, and the broader Springfield metropolitan area. The property benefits from strong connectivity to major regional roadways including Interstate 91 and Route 57, providing direct access to downtown Springfield, neighboring communities, and key employment hubs throughout Western Massachusetts and Northern Connecticut.
Property Facts
| Price | $6,750,000 | Building Class | C |
| Price Per Unit | $168,750 | Lot Size | 1.70 AC |
| Sale Type | Investment | Building Size | 38,784 SF |
| Cap Rate | 7.18% | Average Occupancy | 100% |
| No. Units | 40 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | BB | ||
| Price | $6,750,000 |
| Price Per Unit | $168,750 |
| Sale Type | Investment |
| Cap Rate | 7.18% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.70 AC |
| Building Size | 38,784 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1966 |
| Opportunity Zone |
Yes |
| Zoning | BB |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | AGAW-000015I-000003-000006 | Improvements Assessment | $2,161,000 |
| Land Assessment | $800,000 | Total Assessment | $2,961,000 |
Property Taxes
Parcel Number
AGAW-000015I-000003-000006
Land Assessment
$800,000
Improvements Assessment
$2,161,000
Total Assessment
$2,961,000
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Elizabeth Manor | 238 Maple St
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