DanielleBallou
(508) 942-9508
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64 Myrtle Street
Springfield, MA 01105

$11,900,000

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Listing Details

  • $11,900,000
  • MLS# 73353622
  • Type Commercial - Investment
  • Status Pending
  • 144,383
    Square Feet
  • 3.623 acres
    Lot Size
  • 1914
    Year Built
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Listed By

Agency Name: Century 21 AllPoints Realty
Agent Name: Lisa Cozzi
Agency Phone: 860-621-8378

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Shown By

Agent Name: Danielle Ballou
Agent Phone: (508) 942-9508
Agency Title: Donahue Real Estate Co.

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Home Value Estimate

Description

Actual 7.8% CAP RATE with annual in-place rent increases. Rare portfolio of 3 stabilized, cash-flowing, professionally managed brick properties in Springfields strong rental market, totaling 127 units: 120 1-bed/1-bath, 7 studios, 3 commercial. 96% REAC score, upgraded mechanicals, on-site laundry, security systems. $270K recently invested in energy-efficiency upgrades (attic insulation, low-flow fixtures, door sealing), boosting NOI. Upside via repurposing underused commercial/office space. Two assets on the National Register of Historic Places (potential tax credits??buyer to verify).64 Myrtle: 39-unit school conversion (5 lofts), roof...read more

Features

  • $91,275 Taxes
  • Built in 1914
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Listed By

Agency Name: Century 21 AllPoints Realty
Agent Name: Lisa Cozzi
Agency Phone: 860-621-8378

agent picture

Shown By

Agent Name: Danielle Ballou
Agent Phone: (508) 942-9508
Agency Title: Donahue Real Estate Co.

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954 Main Street
Walpole, MA 02081
(508) 942-9508
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/03/2026. The listing information on this page last changed on 06/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 06/03/2026 2:22:47 AM EST) or MLSPIN MLS (last updated Tue 06/02/2026 11:38:21 PM EST) or Cape Cod / Islands MLS (last updated Wed 06/03/2026 1:17:09 AM EST). Real estate listings held by brokerage firms other than Donahue Real Estate Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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