Active
16 beds7,680 sqft
438 Springfield St, Agawam, MA 01001
Est: $11,381/moGet pre-approved
Multi FamilyProperty Type
0.31 acresLot Size
1965Year Built
$254/sq ftPrice per sq ft
24 carsParking Spaces

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...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
97 days on Market
  • Listed by: Russell J. Sabadosa • Premier Choice Realty
Last updated: 09/03/2026 12:37 PM • Source: MLS PIN, MLS#: 73536156

Location

Listing Courtesy of Premier Choice Realty, Russell J. Sabadosa
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Payment Calculator

$11,381 per month

30 year fixed, 6.71% Interest

Principal and Interest

$10,077

Property Taxes

$1,304

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 438 Springfield Street

Property Details
  • Taxes: $15,647 / year
  • MLS Type: Multi-family / 5+ Family - 5+ Units Up/Down
  • Town: Agawam
  • Area: MA-Agawam
  • Garage Spaces: 0
  • Open Parking Spaces: 24.00
  • Parking Spaces Total: 24
Building Information
  • Stories: 2
  • Residences: 16
  • Year Built: 1965
  • Lot Size: 0.31 AC / 13,440 SF
General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 7680.0
  • SqFt with Basement: No
  • Total Units: 16
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Num of Baths: 16.0
  • Num of Full Baths: 16
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 16.00
  • Bathrooms Total Integer: 16
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Construction: Brick
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive
  • Open Parking: Yes
  • Parking Features: Paved Drive
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Sale has Bankruptcy Court approval. Buyers to perform their own due diligence regarding financials,unit count,future development potential,permits,and all property information.
Tax Information
  • Tax ID: 2482571
  • Assessments: $1,109,700
  • Book: 22974
  • Tax Year: 2026
  • Zoning: res
Building / Association Information
Living Characteristics
  • Beds Total: 16
  • Total Living Levels: 2
Other Building Characteristics
  • Foundation: Brick/Mortar
  • Levels: 2
Income / Expenses
  • GOI: $206,459.00
  • GRE: $58,457
  • HTE: $0
  • NOI: $148,001.00
  • Operating Expense: $58,457.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $17,572.00

Property History for 438 Springfield Street

DateEvent & SourcePriceAppreciation
Aug 4, 2026

Price Change

MLS PIN #73536156

$1,950,000
Jul 29, 2026

Price Change

MLS PIN #73536156

$1,885,000
Jun 15, 2026

Listed (Active)

MLS PIN #73536156

$1,875,000
DateEvent & SourcePrice
08/04/2026

Price Change

MLS PIN #73536156

$1,950,000
07/29/2026

Price Change

MLS PIN #73536156

$1,885,000
06/15/2026

Listed (Active)

MLS PIN #73536156

$1,875,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 438 Springfield Street

Taxable ValueLand$320,000Additions$789,700Total$1,109,700
Tax Record2025$16,246 ($1,354 / month)
Home Facts
Baths16Total Finished SqFt7,680 SqFtAbove Grade Finished SqFt7,680 SqFtUnfinished Basement SqFt3,840 SqFtStories2Lot Size21,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1965Year Renovated1965ZoningBACountyHAMPDENAPNAGAW M:0H14 B:0011 L:14

Schools near 438 Springfield Street

This home is within Agawam School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 7 to 8
Public - 9 to 12
Public - 5 to 6
Rating
School
Distance
William P. Sapelli Elementary School
PublicK to 4

Agawam Junior High School
Public7 to 8

Agawam High School
Public9 to 12

Roberta G. Doering School
Public5 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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438 Springfield Street is a multi-family home for sale in Agawam, MA 01001. This property was listed for sale on June 15, 2026 by Premier Choice Realty, it's currently listed at $1,950,000. It has been on the market for a total of 97 days and was last sold on October 5, 2018. This listing's school district is Agawam School District. Nearby schools include William P. Sapelli Elementary School, Agawam Junior High School and Agawam High School. 438 Springfield Street is a 16-bed, 16-bath, 7,680 sqft multi-family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Premier Choice Realty, Russell J. Sabadosa

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.