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

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

Welcome to Hampden County, a vibrant gem nestled in the heart of Massachusetts! Known for its rich history, diverse communities, and scenic landscapes, Hampden County offers a unique blend of urban and suburban living. One of its standout cities, Holyoke, is renowned for its historic architecture, cultural diversity, and thriving local economy, making it an attractive destination for both residents and investors.

In Holyoke, you’ll find a dynamic real estate market, particularly in the realm of multi-family homes. The 5+ Family - 5+ Units Up/Down subtype is a compelling option for those looking to invest in income-generating properties. These multi-family residences provide an excellent opportunity for both seasoned investors and first-time buyers seeking to diversify their portfolios. With the potential for multiple rental units, these homes not only offer a steady income stream but also foster a sense of community among residents.

Holyoke’s strategic location, with easy access to major highways and public transportation, makes it a desirable area for tenants. The city boasts a variety of amenities, including parks, shopping centers, and cultural attractions, enhancing the quality of life for residents. Additionally, the local schools and community programs contribute to a family-friendly atmosphere that appeals to a wide range of demographics.

Whether you're looking to invest or find a place to call home, Hampden County and Holyoke present a wealth of opportunities. Explore the possibilities of multi-family living in this charming city, and discover why so many are choosing to make Holyoke their home.

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

$1,650,000
25 Beds ⋅ 17 Baths ⋅ 73538738 MLS
Exceptional investment opportunity in Springfield,MA! 683-687 State Street features 17 units, including 15 residential apartments and 2 commercial spaces. The unit mix consists of (9) one-bedroom, (2) two-bedroom, and (4) three-bedroom apartments, with all but two units updated within the past 24 months. The property currently has one vacant 3-bedroom unit and two vacant commercial spaces, creating immediate upside potential. One commercial space offers over 2,600 sq. ft. and is ideal for a laundromat, retail, office, or other business use. Ownership pays heat and hot water, while tenants pay their own electric (separately metered). Ten of the 15 residential units are subsidized, providing stable rental income.The property currently generates approximately $19,000 per month in gross rental income, with upside still available. Excellent cash flow and value-add opportunity. Don't miss out!

683-687 State St, Springfield

Listing courtesy of Listing Agent: Jessica Mekal from Listing Office: Lock and Key Realty Inc..
$1,875,000
16 Beds ⋅ 16 Baths ⋅ 73536156 MLS
Presenting an exceptional multi-family property located at 438 Springfield, Agawam, MA. Constructed in 1965, this expansive 7680 square foot, meticulously maintained for immediate occupancy. This property embodies a distinct opportunity for sophisticated living or strategic investment. This distinguished property encompasses 16 well-appointed bedrooms, each designed to provide comfort and privacy. Complementing these living quarters are 16 full bathrooms, ensuring ample facilities for all residents. Spanning 2.0 stories, this residence is situated on a generous 13,440 square foot lot. The property's condition is characterized by its welcoming atmosphere, offering a seamless transition for new occupants. Discover the potential and refined living offered by this meticulously maintained multi-family residence. Fully rented and new heat pumps in all units. Laundry brings appox $150/month. Offers due by 8/27/26

438 Springfield, Agawam

Listing courtesy of Listing Agent: Russell J. Sabadosa from Listing Office: Premier Choice Realty.
$2,490,000
22 Baths ⋅ 73534182 MLS
22-unit studio apartment building with strong cash flow and value-add potential. T-12 through May 2026 reflects approximately $189,000 NOI. Property features numerous upgrades, including plank flooring, LED lighting, composite decking, and four sets of coin-operated laundry equipment generating additional income. Opportunity exists to further increase revenue through operational improvements, potential heat pump installation, and possible expansion of basement space (subject to buyer verification, permits, and approvals).Property appraised at approximately $2.5M in 2023 prior to subsequent improvements and rent growth initiatives. Located in a desirable rental market with limited multifamily inventory. Seller financing, hard money, sale-leaseback, and other creative structures may be considered. Offers due by 8/3/26.

21 Dwight, Agawam

Listing courtesy of Listing Agent: Russell J. Sabadosa from Listing Office: Premier Choice Realty.
$689,000
10 Beds ⋅ 7 Baths ⋅ 73508748 MLS
Great investment opportunity - This mixed-use property offers a total gross building area of approximately 9,494 square feet and includes two storefronts, three residential units above the commercial space, and a separate two-family in the rear, providing multiple income streams and long-term tenant stability. The left storefront includes a large display window, two spacious rooms and oil heat. The right storefront offers a prominent display window, open layout, and gas heat. Above the storefronts are three residential units: a three-bedroom one-bath unit with oil heat, hardwood floors, and a rear porch; a two-bedroom one-bath unit (vacant) with gas heat, hardwood floors, and rear and side. porch; and a one-bedroom one-bath unit with gas heat, hardwood floors, and a porch. In the rear of the property is a separate two-family featuring a three-bedroom one-bath unit with a front porch and gas heat, as well as a two-bedroom one-bath unit with a front porch and gas heat.

26-28 Parker St, Springfield

Listing courtesy of Listing Agent: Pablo Ottenwalder from Listing Office: Premier Choice Realty.
$2,090,000
17 Beds ⋅ 17 Baths ⋅ 73504070 MLS
Exceptional investment opportunity at 91 E Park Street! This 17-unit apartment building consists entirely of one-bedroom apartments, offering a desirable and easy-to-manage unit mix with strong rental demand. Currently generating approximately $21,153 in gross monthly income, the property has only one vacant unit, providing immediate upside through lease-up.The consistent unit configuration supports operational efficiency, simplified management, and stable occupancy. Conveniently located minutes from MGM Springfield, downtown Springfield, major highways, public transportation, shopping, and local amenities, the property is well-positioned to attract and retain tenants.Whether you're looking to expand your portfolio or acquire a stabilized multifamily asset with additional income potential, 91 E Park Street presents a strong investment opportunity in Springfield's growing rental market.

91 E Park St, Springfield

Listing courtesy of Listing Agent: Raquel Medina from Listing Office: Lock and Key Realty Inc..
$2,000,000
23 Beds ⋅ 16 Baths ⋅ 73501818 MLS
120–122 Central Street presents a rare opportunity to acquire a 16-unit asset in a prime Springfield location, just minutes from the Naismith Memorial Basketball Hall of Fame and MGM Springfield. Perfect for a 1031 exchange this property features a strong unit mix of (7) two-bedroom apartments and (9) one-bedroom apartments, catering to a wide tenant base.With gross rents exceeding $22,000 per month, this building offers immediate cash flow and solid investment performance. All 16 units have lead certificates, providing added compliance and peace of mind for ownership.Positioned in a high-demand rental area with close proximity to major attractions, employment centers, and amenities, with a large off street parking lot this is a turnkey opportunity for investors looking to scale their portfolio with a stabilized, income-producing asset.

120-122 Central St, Springfield

Listing courtesy of Listing Agent: Andrew Rodman from Listing Office: Lock and Key Realty Inc..
$515,000
6 Beds ⋅ 5 Baths ⋅ 73501261 MLS
Rare turnkey 5-Family Investment Opportunity on Northampton St in Holyoke. Don’t miss this exceptional opportunity to own a large 5-family property in the heart of Holyoke with excellent upside potential and below market rents. Whether you’re expanding your portfolio or entering the multifamily market, this property offers strong income potential and long-term value with targeted improvements and expansion. Many long-term tenants in place. A convenient and central location with easy access to local amenities, highways, etc. Up to 10%, 5y Seller Financing possible for qualified Buyers. Come see the potential to take this investment property to the next level!

1825 Northampton Street, Holyoke

Listing courtesy of Listing Agent: Peter Gelinas from Listing Office: Valley Real Estate Company.
$1,299,000
73487289 MLS
Rare opportunity to acquire a large-scale investment in one of Western Massachusetts emerging urban redevelopment corridors. This flexible space offers a combination of residential and commercial potential, making it an ideal opportunity for investors. Originally constructed during Holyoke's industrial expansion, the building features classic mill architecture including high ceilings, large window lines, and expansive floor plates, providing the perfect foundation for loft apartments, creative offiice space, retail, maker spaces or light industrial use. Positioned directly across form the Holyoke Amtrak station and just minutes to Interstate 91. The surrounding neighborhood continues to see significant investment, achored by the nearby Open Square redevelopment campus, arts venues, restaurants and cultural attractions. Over 106,000 sq ft. with 55 + Rental Unit Potential / 10 Commercial spaces. Investors and developers - message me today to explore the potential of this property

345-363 Dwight Street, Holyoke

Listing courtesy of Listing Agent: Lisa Moccia from Listing Office: Berkshire Hathaway HomeServices Realty Professionals.
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