2 Locations

ACCESS & CONNECTIVITY

The Portfolio benefits from strong transit access, with nearby PVTA bus service available close to the properties and Springfield Union Station providing broader regional connectivity just a short drive away.

Union Station is a multimodal hub served by local PVTA buses as well as intercity bus and rail options, including Amtrak and Hartford Line commuter rail service, while the site also offers convenient access to the regional highway network via I-91 and other major Springfield arterials.

Both Properties are well positioned for local bus access as the PVTA runs numerous routes within a one-minute walk. The Belmont/Hollywood stop is nearby along Belmont Ave and the Dickinson/Trafton stop is a short walk away along Dickinson Street.

AREA AMENITIES & DEMAND DRIVERS

Springfield functions as the economic and commercial hub of Western Massachusetts, with a diverse employment base spanning healthcare, financial services, education, and entertainment, all of which contribute to a steady renter population.

Baystate Health and MassMutual serve as major employers within the area with thousands of employees acting as a critical driver of housing demand from medical professionals, financial professionals, and support staff.

Beyond healthcare and finance, the local economy is reinforced by major institutional and entertainment anchors such as MGM Springfield, which supports a large number of hospitality and service jobs and enhances the city’s regional draw as a destination for dining, nightlife, and entertainment.

PROXIMITY TO MAJOR AREA ATTRACTIONS

Located in Springfield’s Forest Park neighborhood, the Portfolio offers convenient access to the city’s strongest demand drivers, including MGM Springfield, the Basketball Hall of Fame, the Springfield Museums, and the nearby riverfront and downtown entertainment district.

The location also benefits from proximity to major employment, retail, and cultural destinations, supporting strong appeal for residents seeking access to both neighborhood amenities and the broader Springfield urban core.

SEPARATELY METERED UTILITIES

Tenants are responsible for oil-powered heat & hot water utilities, as well as separately metered electricity, which they pay directly. The Landlord is responsible for providing city water & sewer, which they pay directly.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 26,300 people live within 1 mile of the Property with an average household income of $81,602. Over 116,300 people reside within 3 miles of the Property with an average household income of $90,763.

QUALITY OF LIFE AMENITIES

Residents benefit from immediate access to a mix of national chains, quick-service restaurants, and well-known local dining options along nearby corridors such as State Street and Boston Road. National and QSR staples including McDonald's, Wendy's, and Subway are readily accessible, providing convenient grab-and-go options, while regional favorites like Red Rose Pizzeria and Theodore's BBQ anchor the local dining scene.

Residents have convenient access to national grocery and discount retailers such as ALDI and Price Rite Marketplace, as well as full-service grocers like Stop & Shop, all of which provide affordable and accessible grocery options within a short drive. In addition to grocery and daily needs retail, the Boston Road corridor and surrounding commercial areas feature a concentration of national retailers, pharmacies, and service-oriented businesses, reinforcing the area’s role as a primary retail destination within the city.