Agawam Homes with 5+ Family - 5+ Units Up/Down Subtype

Welcome to Agawam, Massachusetts—a charming city nestled in Hampden County that beautifully blends suburban tranquility with vibrant community spirit. Known for its friendly neighborhoods and rich history, Agawam offers an inviting atmosphere for families, young professionals, and retirees alike. With its convenient location just a stone's throw away from Springfield and the scenic Connecticut River, residents enjoy easy access to urban amenities while relishing the peacefulness of suburban life.

For those interested in investment opportunities, Agawam is home to a variety of multi-family residences, particularly properties with 5+ units. These homes, often designed in up/down configurations, provide excellent potential for both seasoned investors and first-time buyers looking to enter the rental market. The demand for rental properties in Agawam is robust, fueled by its proximity to major employers, schools, and recreational facilities.

Imagine owning a multi-family home where you can enjoy the benefits of passive income while contributing to the community. These properties not only offer a profitable investment avenue but also foster a sense of connection among tenants, creating a welcoming environment that reflects Agawam's community-oriented essence.

Whether you’re looking to expand your real estate portfolio or seeking a residence with rental potential, Agawam’s multi-family homes are an opportunity not to be missed. Experience the charm of this delightful city and discover the possibilities awaiting you in its thriving real estate market!

Newest Agawam Homes with 5+ Family - 5+ Units Up/Down Subtype

$1,950,000

16 Beds ⋅ 16 Baths ⋅ 73536156 MLS

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

438 Springfield, Agawam

Listing courtesy of Listing Agent: Russell J. Sabadosa from Listing Office: Premier Choice Realty.

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