$11,900,000
64 Myrtle Street
Springfield, MA, 01105
Actual 7.8% CAP RATE with annual in-place rent increases. Rare portfolio of 3 stabilized, cash-flowing, professionally managed brick properties in Springfield’s 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 <7 yrs, Grundfos pumps, 2022 ACV Prestige 6 system w/ dual tanks.11 Acushnet: 24-unit school conversion, roof <10 yrs, 2015 Prestige Triangle Tube system, 100-gal indirect heater.519 Main: 64 units, new water heaters (’22/’23), RUUD AC for commercial, roof <10 yrs.All 3 sold as a portfolio.
Property Details
Price:
$11,900,000
MLS #:
73353622
Status:
Pending
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
indianorchard
Listed Date:
Apr 2, 2025
Finished Sq Ft:
144,383
Total Sq Ft:
144,383
Lot Size:
157,809 sqft / 3.62 acres (approx)
Year Built:
1914
Schools
Interior
Exterior
Parking Spots
80
Parking Total
80
Financial
Tax Year
2025
Taxes
$91,276
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
More About MarieMortgage Calculator
Map
Current real estate data for Commercial in Springfield as of May 05, 2026
32
Commercial Listed
340
Avg DOM
187
Avg $ / SqFt
$1,060,638
Avg List Price
Community
- Address64 Myrtle Street Springfield MA
- CitySpringfield
- CountyHampden
- Zip Code01105
Subdivisions in Springfield
Similar Listings Nearby
Property Summary
- 64 Myrtle Street Springfield MA is a Commercial for sale in Springfield, MA, 01105. It is listed for $11,900,000 To schedule a showing of MLS#73353622 at 64 Myrtle Street in Springfield, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Berkshire Hathaway Home Service New England Properties. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
64 Myrtle Street
Springfield, MA