Springdale Apartments 3 Properties Offered at $3,000,000 in Holyoke, MA

INVESTMENT HIGHLIGHTS

  • Convenient Location
  • Brick Buildings
  • Property Highlights
  • Transit Oriented Location
  • Value-Add Potential
  • Area Employers + Student Living

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Springdale Apartments, a thirty-one (31) unit multifamily property located in Holyoke Massachusetts (the “Property” or “Properties”). The Springdale Apartments are located in the heart in Holyoke’s Springdale neighborhood approximately 1.5-miles from Downtown Holyoke. The Springdale Apartments offer convenient access to the area’s primary roadways, public transportation, numerous retail amenities and area schools. The Springdale Apartments consist of thirty-one (31) units spread over three adjacent buildings made up of two (2) commercial units, six (6), 3-Bedroom/1-Bathroom units, twenty-two (22), 2-Bedroom/1-Bathroom units, and one (1), 1-Bedroom/1-Bathroom unit with 31,140 square feet of living area in 38,236 square feet of total gross area on a combined 0.46-acres of land. The units are separately metered for electric and gas fired heat and hot water, which the tenants pay directly. The Property also has a parking lot at the rear of the buildings for residents. The Springdale Apartments offers the rare opportunity to acquire a critical mass of well-located multi-family units in a supply-constrained rental market that offers income growth, strong investment returns, and significant upside in rents.

PROPERTY FACTS

Price $3,000,000
Price / SF $81.20 / SF
Cap Rate 9.18%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 36,946 SF
Total Land Area 0.35 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
845-851 Main St, Holyoke, MA 01040 Multifamily 21,660 SF 1910 -
853-855 Main St, Holyoke, MA 01040 Retail 14,286 SF 1910 -
45 Vernon St, Holyoke, MA 01040 Multifamily 1,000 SF 1900 -
Show More > < Show Less
  • Listing ID: 35620445

  • Date on Market: 4/24/2025

  • Last Updated:

  • Address: Springdale Apartments, Holyoke, MA