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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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438 Springfield , Agawam, MA 01001
$1,950,000
Est. Payment: $4,333.33/mo
16 Bed
16 Bath
7680 Sqft
Status: Active | Days on site: 93
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M95398 - M9500012
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

Discover an exceptional investment opportunity at 438 Springfield Street, Agawam, Massachusetts. This meticulously maintained 16-unit multifamily property, originally constructed in 1965, offers approximately 7,680 square feet of living space and is fully occupied, providing immediate, stable cash flow for investors.The building features 16 residential units, with a total of 16 bedrooms and 16 full bathrooms, spread across two stories on a 13,440-square-foot lot. The property has been well maintained and is positioned for continued long-term performance.Recent capital improvements include the installation of new heat pumps in every unit, providing tenants with efficient heating and air conditioning while enhancing the property’s long-term value and reducing future capital expenditure needs. Additional income is generated through an on-site coin-operated laundry, producing approximately $150 per month.The property’s July 2026 trailing 12-month (T12) Net Operating Income (NOI) is approximately $162,300. At an 8.0% capitalization rate, this supports an estimated value of approximately $2,028,750, reflecting the property’s strong and improving operating performance.The list price has been increased to reflect the improved July 2026 T12 financial performance, as well as multiple offers received at the previous list price. Buyers are encouraged to review the updated financials when evaluating the property’s current value.Whether you are completing a 1031 exchange, expanding an existing multifamily portfolio, or seeking a stable, income-producing asset in a desirable Western Massachusetts market, 438 Springfield Street offers an outstanding combination of current cash flow, recent capital improvements, and future upside.Highlights* 16-unit multifamily investment* Approximately 7,680 square feet* Built in 1965* Fully rented with stable occupancy* New heat pumps installed in every unit* On-site laundry generating approximately $150 per month* July 2026 T12 NOI: $162,300* Supports an estimated value of approximately $2,028,750 at an 8.0% capitalization rate* List price increased based on improved T12 financial performance and strong buyer interest* Offers due by August 27, 2026
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Highlights

Listed by Russell J. Sabadosa , 413-537-0973 Premier Choice Realty , 413-200-8642.

Property Type

Multi-Family
Lot/Acreage
0.31

Year Built

1965

County

Hampden

Listing ID

73536156

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:16
  • ▪ Bathrooms:16
  • ▪ Full Bathrooms:16
Water:Public

Exterior Features

Garage Capacity:24
Zoning:res
Roof:Shingle
Sewer:Public Sewer
Parking Features:Paved Drive,Parking Spaces: 24
Principal Interest
$4,333
Taxes
$1,304

Home Price

$1,950,000

Loan Details

30 yrs
%

Down Payment

20%
$390,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,333.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,333.33 $1,303.92 $0.00 $5,637.25
Yearly $52,000.00 $15,647.00 $0.00 $67,647.00
Total $1,560,000.00 $469,410.00 $0.00 $2,029,410.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Agawam, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.