Union & Orleans Portfolio
Multifamily | 28 Units | $125,000/unit
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment portfolio located at 528- 532 Union St, 529 Union St, and 75 Orleans St in Springfield, MA (the “Portfolio” or the “Properties”). The multi-story buildings contain twenty-eight (28) total units comprised of twelve (12) 3-Bedroom/1- Bathroom units and sixteen (16) 2-Bedroom/1-Bathroom units with 28,584 square feet of gross living area in 35,650 square feet of gross area. 528-532 Union St features four (4) 3-Bedroom/1-Bathroom units and eight (8) 2-Bedroom/1-Bathroom units, 529 Union St features eight (8) 3-Bedroom/1-Bathroom units, and 75 Orleans St features eight (8) 2-Bedroom/1-Bathroom units. The Portfolio is spread across 0.32-acres of land and features off-street parking spaces.
The Portfolio is strategically positioned just east of downtown Springfield, providing convenient access to the city’s primary commercial corridors, employment centers, and neighborhood amenities. The Properties benefit from strong regional connectivity via nearby Interstate 91 and Interstate 90, which link Springfield to the broader Pioneer Valley, Hartford, and the Greater Boston region. Additionally, the Properties are located a short distance from Union Station, offering rail and intercity bus service that enhances accessibility throughout Western Massachusetts and the Northeast corridor.
Investment highlights
ACCESS & CONNECTIVITY
Union Street sits just minutes from on-ramps to Interstate 91 and Interstate 291, the Springfield Expressway, providing direct north–south and east–west links through downtown Springfield and to the Massachusetts Turnpike (I-90) for convenient regional and commuter access.
Residents are within a short drive of Springfield Union Station at 55 Frank B. Murray Street, the region’s intermodal hub served by Amtrak, intercity bus carriers, and Pioneer Valley Transit Authority (PVTA) bus routes, enabling seamless connections across Western Massachusetts and to major metropolitan areas.
The Portfolio is approximately a 3-minute, 1.7-mile drive from the Springfield commuter rail/Amtrak station and roughly 30 minutes from Bradley International Airport, reinforcing excellent multi-modal connectivity for both daily commuters and long-distance travelers.
AREA AMENITIES & DEMAND DRIVERS
The Properties are located in Springfield’s Old Hill neighborhood, a short distance from downtown employers, retail, and services, with nearby shopping centers such as Unity Mall, Midtown Plaza, and One-Stop Shopping Center providing everyday conveniences within roughly a 0.4–1.2-mile radius.
Proximity to Springfield’s cultural and recreational anchors, including Forest Park, a 735-acre destination for outdoor recreation and seasonal events, and the Springfield Museums at the Quadrangle, supports overall neighborhood livability and helps attract long-term renters who value access to parks and cultural amenities.
The Portfolio also benefits from its close-in position to three major hospital and healthcare employers, Shriners Hospital for Children, Mercy Medical Center, and Baystate Medical Center, all within about 1.7–2.7 miles, which reinforces demand from healthcare workers and supports stable occupancy.
NEARBY HIGHER EDUCATION
The Portfolio benefits from close proximity to several major higher education institutions including Springfield College, American International College, and Western New England University. This concentration of nearby colleges and universities supports consistent rental demand from students, faculty, and staff, while also contributing to the area’s stable employment base and yearround economic activity.
UTILITIES
Tenants are responsible for gas-powered heat & hot water, as well as individually metered electricity, which they pay directly. The Landlord is responsible for providing city water & sewer, which they pay directly.
OFF-STREET PARKING
The Property features off-street parking spaces, an added amenity for tenants.
DURABLE BRICK CONSTRUCTION
All three (3) properties within the Portfolio 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 32,200 people live within 1 mile of the Property with an average household income of $55,090. Over 143,200 people reside within 3 miles of the Property with an average household income of $75,602.
QUALITY OF LIFE AMENITIES
Residents are within a short drive of downtown dining institutions such as The Student Prince Cafe & The Fort (German steakhouse), Theodore’s Booze Blues & BBQ (barbecue), Red Rose Pizzeria (Italian and pizza), and Frigo’s Italian deli, which collectively create a vibrant local restaurant scene, while regional and national brands like UNO Pizzeria & Grill and other casual chains near the riverfront and entertainment district round out familiar options for everyday dining.
Daily shopping needs are well served by major national retailers including the Walmart Supercenter on Boston Road and full-service grocery stores like Stop & Shop on Liberty Street, complemented by additional convenience, pharmacy, and small-format retail throughout the surrounding corridors.
For outdoor recreation, residents have convenient access to Forest Park, offering approximately 700-plus acres of walking and biking trails, playgrounds, athletic fields, a zoo, lakes and ponds, and a formal rose garden, providing a significant year-round draw for exercise, family activities, and community.
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