Main & Cumberland
Multifamily | 24 Units | $125,000/unit
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment properties located at 2137 2151 Main Street & 54 Cumberland Street in Springfield, MA (the “Properties”). The multi-story buildings contain twenty-four (24) total units across the two properties with sixteen (16) units at 2137-2151 Main St comprised of eight (8) 4-Bedroom/1-Bathroom units, four (4) 3-Bedroom/1-Bathroom units, and four (4) 2-Bedroom/1-Bathroom units, while 54 Cumberland St is comprised of eight (8) 2-Bedroom/1 Bathroom units. The Properties have a total of 36,334 square feet of gross living area in 45,305 square feet of gross area, spread across 0.4-acres of land and offering on-street parking.
2137–2151 Main Street and 54 Cumberland Street are well-positioned in downtown Springfield, offering strong access to the city’s central business district, neighborhood retail corridors, and surrounding residential areas. The properties benefit from convenient connectivity to major regional routes including Interstate 91, Interstate 291, and U.S. Route 20, as well as proximity to Springfield Union Station, providing efficient access throughout the Pioneer Valley and broader New England region
Investment highlights
ACCESS & CONNECTIVITY
2137–2151 Main Street and 54 Cumberland Street are both located in Springfield’s Memorial Square area, benefitting from strong regional access and multiple public transportation options. Each property is within a short drive of Interstate 91 and the I 291 access ramps, providing efficient north–south and east–west highway connectivity for commuters and regional travelers. PVTA bus service operates throughout this corridor, with routes running along Main Street and through the surrounding neighborhood, placing both addresses on or near established bus routes that link directly to Springfield Union Station, the city’s primary intermodal hub served by local PVTA buses, regional carriers such as Peter Pan and Greyhound, and Amtrak rail service.
NEARBY EMPLOYMENT & HOUSING DEMAND DRIVERS
The Properties are positioned near major institutional anchors including Baystate Health, the region’s largest employer with thousands of healthcare jobs, and MassMutual, a Fortune-scale financial services provider with a substantial corporate campus, both of which drive professional workforce demand for nearby rental housing.
Additional employment nodes such as Trinity Health - Mercy Medical Center, MGM Springfield, and Smith & Wesson further diversify job opportunities across healthcare, hospitality, manufacturing, and entertainment sectors, while higher education institutions including Springfield Technical Community College and Western New England University contribute to student, faculty, and staff housing demand.
Complementing these drivers, the downtown corridor offers walkable access to retail, dining, entertainment venues, civic institutions, and regional transit connections, collectively reinforcing the location’s appeal to workforce renters, students, and service-sector employees.
UPSIDE POTENTIAL WITH RENT GROWTH
In-place rents are currently below the current market rates; the opportunity exists to continue to upgrade unit interiors and common areas to drive rental rates in an urban-infill, high demand/supply constrained residential market.
UTILITIES
At 2137-2151 Main Street, tenants are responsible for gas powered heat and individually metered Eversource electricity, which tenants pay directly. The Landlord is responsible for gas powered hot water and city water & sewer, which they pay directly.
At 54 Cumberland Street, tenants are responsible for electric powered heat & hot water, as well as individually metered Eversource electricity, which tenants pay directly. The Landlord is responsible for city water & sewer, which they pay directly.
Coin-op laundry machines have been added, presenting an additional income stream for prospective buyers.
DESIRABLE BRICK CONSTRUCTION
The Properties feature durable brick construction, a highly desirable attribute for multifamily housing that provides long-term structural integrity, fire resistance, and reduced maintenance requirements. Brick construction also delivers superior sound attenuation and thermal efficiency, contributing to lower utility costs and enhanced resident comfort while preserving long-term aesthetic appeal.
STRONG RENTAL DEMOGRAPHICS & DEMAND
More than 21,300 people live within 1 mile of the Properties with an average household income of $47,572. Over 128,300 people reside within 3 miles of the Properties with an average household income of $71,937.
QUALITY OF LIFE AMENITIES
Residents have direct access to everyday conveniences along Main Street, including small neighborhood markets, bodegas, and local service retailers, while larger-format grocery options such as America’s Food Basket on State Street and other full-line supermarkets in the broader Springfield market.
Dining demand is supported by a wide range of options nearby, from quick-service and casual fare along Main Street and the downtown core to well-known regional and national restaurants such as Max Tavern, The Student Prince, Uno Pizzeria & Grill, and Starbucks clustered around downtown and the riverfront casino/arena district a few minutes south.
The Properties benefit from proximity to downtown Springfield’s broader amenity base including local eateries, specialty food shops like Frigo’s Italian deli, and urban retail and entertainment venues which collectively draw employees, visitors, and residents into the immediate trade area and reinforce demand for housing.
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