Horvath & Tremblay completes the sale of two multi-family properties in Western, Mass. for $18.5 million

Springfield, MA Michael Bradley and Tim Hines of Horvath & Tremblay have completed the sale of two multi-family transactions totaling $18.5 million.

Bradley and Hines of Horvath & Tremblay arranged the sale of Imperial Apartments, a 75 unit multi-family property in West Springfield. Horvath & Tremblay exclusively represented the seller and secured the buyer to complete the transaction at a sale price of $12.5 million. The Imperial Apartments are located at 133-155 River St. The property is improved by three buildings and contains 75 residential units, comprised of 57 two-bedroom/one-bathroom units and 18 one-bedroom/one-bathroom units with 63,078 s/f of living area in 64,540 s/f of gross area. The property is situated upon a 1.34-acre parcel and features ample off-street parking. 133–155 River St. is well-positioned, offering strong access to the town’s primary commercial corridors, established residential neighborhoods, and the broader Springfield metropolitan area. Pioneer Valley Transit Authority (PVTA) bus routes serve the immediate area, providing frequent local service along River St. and connections to Springfield Union Station just 2.8 miles away, where additional bus lines and intercity options like Greyhound operate. Train access is also readily available via Amtrak and the Hartford Line commuter rail at Springfield Union Station, with Holyoke Amtrak station 14 minutes (9 miles) north, offering regional routes to Boston and New Haven. Additionally, the property benefits from convenient connectivity to major regional roadways including I-91, I-90, and Rte. 5, providing efficient access throughout Western Massachusetts and into northern Connecticut.

Bradley and Hines of Horvath & Tremblay also completed the sale of Elizabeth Apartments, a 40 unit multi-family property in Agawam. Horvath & Tremblay exclusively represented the seller and secured the buyer to complete the transaction at a sale price of $6 million. The Elizabeth Apartments are located at 238 Maple St. The property is improved by a three-story brick building and contains 40 residential units, comprised of 39 two-bedroom/one-bathroom units and one three-bedroom/one-bathroom unit with 37,944 s/f of living area in 38,784 s/f of gross area. The property is situated upon a 1.70-acre parcel and features ample off-street parking. The Elizabeth Apartments are well-positioned, offering convenient access to the city’s primary commercial corridors, surrounding residential neighborhoods, and the broader Springfield metropolitan area. The Property lies near Pioneer Valley Transit Authority (PVTA) bus routes that serve Agawam and connect to Springfield Union Station, where residents can transfer to additional local buses along key corridors like Main St. and State St. While no direct train station exists in Agawam, Amtrak services at Springfield Union Station—reachable via bus in under 30 minutes—offer regional rail options to Boston and other cities, complemented by intercity buses from Greyhound and FlixBus at the same hub. Additionally, the property benefits from strong connectivity to major regional roadways including I-91 and Rte. 57, providing direct access to downtown Springfield, neighboring communities, and key employment hubs throughout Western Massachusetts and Northern Connecticut.