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

$1,490,000
25 Beds ⋅ 25 Baths ⋅ 73571374 MLS
Proud to present the Historic Ames Sword Co Buildings! Situated in the heart of Chicopee, MA by Chicopee River, this mill presents a unique redevelopment opportunity, with great enthusiasm and collaboration from town officials to help create a vibrant residential and or commercial destination. This 5-building parcel spans over 2 acres and is zoned both Commercial & Industrial! Potential to develop affordable housing, condos, 55+ community, medical offices, luxury living units, self storage and more. Rentable Warehouse and Heated storage potential. Equipped with loading docks and freight elevators offering endless potential in an established Opportunity Zone with possible grant funding. The property is structurally sound and ideally positioned for conversion into apartments or mixed-use development. 11’ to 16’ ceilings! Don’t miss this rare chance to transform a riverside compound into a signature waterfront development with long-term value and community impact.

35 Lower Grape St, Chicopee

Listing courtesy of Listing Agent: Xavier Cruz from Listing Office: Fathom Realty.
$1,650,000
12 Beds ⋅ 12 Baths ⋅ 73571198 MLS
Excellent investment opportunity! This 12-unit multifamily property offers strong income potential in a convenient Springfield location. Major improvements completed in 2025 and 2026 include a NEW ROOF and NEW HEATING SYSTEM. The property features a mix of spacious apartment layouts with separate utilities.Additional Value-Add Potential: Sale includes adjacent approximately 7,000 SF parcel (62.5' x 112'), currently utilized for off-street parking for the existing 12-unit property. The additional parcel may offer future development, site optimization, or expanded-use potential, subject to buyer due diligence and all applicable zoning, parking, permitting, and municipal approvals. An excellent opportunity for an investor to explore additional value beyond the strong in-place multifamily income. Well suited for an investor looking to add a substantial multifamily asset to their portfolio. Conveniently located near shopping, restaurants, public transportation and major routes. Showings by appointment only. Please do not disturb tenants. Buyer and buyer’s agent to verify all information and perform their own due diligence.

40 Warriner Ave, Springfield

Listing courtesy of Listing Agent: Cassandra Swaby from Listing Office: Berkshire Hathaway HomeServices Realty Professionals.
$975,000
18 Beds ⋅ 6 Baths ⋅ 73561263 MLS
RARE SIX-FAMILY INVESTMENT OPPORTUNITY! This one-of-a-kind property offers six spacious 3-bedroom units—18 bedrooms total—each featuring a generous living/dining area, spacious kitchen, and newer flooring. Every unit has separate utilities, including in-unit circuit breaker panels, separate electric hot water tanks, and separate forced hot-air gas heating systems, providing convenience and efficient management. Additional features include a newer rear deck, centrally monitored security system, intercom, and individual door buzzers. With six large units, separate systems, and numerous updates already in place, this property stands apart from the typical six-family. An excellent opportunity for an investor looking to add a quality income-producing multifamily property to their portfolio. Rarely does a six-family with this combination of space, separate utilities, and amenities become available. Don't miss this exceptional investment opportunity!

174 Locust St, Springfield

Listing courtesy of Listing Agent: Maher Khatib from Listing Office: M B C REALTORS®.
$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..
$1,950,000
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.
$684,000
10 Beds ⋅ 7 Baths ⋅ 73508748 MLS
Current rent roll: $6,700/month (one vacant unit)Pro forma rent roll: $7,700/month once fully leased (remaining unit estimated at $1,000/month based on market comps) 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 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.
$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. 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.
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