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Overview
Location
Mortgage
64 Myrtle St Springfield, MA 01105
$11,900,000
PENDINGBeds
Baths
Sqft
144,383
Acres
3.62
Year
1914
Days on Site
8 Days
Property Type
Commercial Sale
Sub Type
Per Square Foot
$82
Date Listed
Apr 2, 2025
Description of 64 Myrtle St, Springfield, MA 01105
Listing details for 64 Myrtle St, 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.
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Listing Updated : 10-14-2026 at 3:36 AM EDT
Property Details
Property Overview
Listing Price
$11,900,000
MLS #ID
73353622
Price
$11,900,000
Bedrooms
Bathrooms
Square Footage
144,383
Acres
3.62
Year
1914
Days on Site
8 Days
Property Type
Commercial Sale
Property Sub Type
Price per Sq Ft
$82
Date Listed
Apr 2, 2025
Location
Street Address
64 Myrtle St
City
State
Massachusetts
ZIP Code
County
Driving Directions
Properties are GPS friendly
Home Specification
Total Square Feet
144,383
Construction / Architecture
Year Built
1914
New Construction
No
Price per Sq Ft
$82
Lot Size (Sq Ft)
157,809
Lot Size (Acres)
3.62
Zoning
R3/B2
Interior Details
Fireplace
No
Heating
None
Cooling
None
Exterior Details
Garage
No
Fencing
None
Waterfront
No
Additional Features
Utilities
Public Water, Public Sewer and Natural Gas Available
Taxes, HOA & Financing
Annual Property Tax
$91,275.85
HOA Fee Includes
None
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Source
MLS PIN, MLS#: 73353622
Property History
DateEventPrice
9/16/2025
Pending sale
$11,900,000 -7%
$82/sqft
4/2/2025
Listed for sale
$12,800,000
$89/sqft
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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.
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