948 Dwight Street
Multifamily | 16 Units | $93,750/unit
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 948 Dwight Street in Holyoke, MA (the “Property”). The four-story building contains sixteen (16) 1-Bedroom/1-Bathroom units with 10,608 square feet of gross living area in 13,260 square feet of gross area. The Property is situated upon a 0.11-acre parcel and features ten (10) off-street parking spaces.
948 Dwight Street is strategically located in the heart of Holyoke, offering convenient access to the city’s downtown business district, established residential neighborhoods, and a wide range of retail and service amenities. Situated along Dwight Street, one of Holyoke’s primary north-south corridors, the property benefits from excellent connectivity to Interstate 91, Route 141, and the Massachusetts Turnpike (I-90), providing efficient access throughout the Pioneer Valley and the broader Western Massachusetts region. Its central location places residents within minutes of major employment centers in Holyoke, Springfield, and Northampton, while also offering easy access to public transportation, shopping destinations, healthcare providers, and educational institutions.
Investment highlights
ACCESS & CONNECTIVITY
Located in Holyoke’s Oakdale area, the property benefits from nearby PVTA routes serving the city, including routes such as R24, P20, P21, P21E, R29, R41, and B48, which connect riders to downtown Holyoke, Springfield, Northampton, Amherst, Holyoke Mall, and other key destinations.
Holyoke station at 74 Main St provides Amtrak service on the Valley Flyer and Vermonter lines, giving residents regional rail access to Springfield, Hartford, New Haven, New York, and beyond.
The Property is also well positioned for regional travel via nearby highway access, making it practical for both local commuting and broader connectivity across western Massachusetts and into Connecticut.
AREA AMENITIES & DEMAND DRIVERS
The Property is located near downtown Holyoke and enjoys convenient access to Interstate 91, connecting residents to the broader Springfield metropolitan area, one of Western Massachusetts’ largest employment hubs. Major local employers include Holyoke Medical Center, a regional healthcare provider serving communities throughout the Pioneer Valley with more than 1,300 employees, as well as numerous affiliated healthcare and professional services positions.
Higher education serves as another significant demand driver, with Holyoke Community College located just minutes from the property. As the first community college established in Massachusetts, HCC enrolls thousands of students annually and offers extensive workforce training, healthcare, business, and technical education programs.
The Property also benefits from proximity to major employment centers in neighboring Springfield, including the downtown business district, healthcare institutions, government offices, and corporate employers such as MassMutual, one of the largest private employers in Western Massachusetts.
OUTDOOR RECREATION AMENITIES
Outdoor recreation opportunities abound throughout the Pioneer Valley, including nearby parks, the Connecticut River, and the Mount Tom range, while the cultural, dining, and entertainment offerings of Holyoke, Northampton, Amherst, and Springfield are all accessible within a short drive
Residents are within easy reach of Holyoke’s ongoing downtown revitalization efforts, the historic canal district, and major retail destinations along Route 5 and at Holyoke Mall, one of New England’s largest shopping centers.
UTILITIES
Tenants are responsible for separately metered electricity, which also powers unit stove tops. The Landlord is responsible for providing gas powered heat, central hot water, and city water & sewer.
OFF-STREET PARKING
The Property features ample parking with ten (10) off-street parking spaces.
STRONG RENTAL DEMOGRAPHICS & DEMAND
More than 20,500 people live within 1 mile of the Property with an average household income of $74,455. Over 71,100 people reside within 3 miles of the Property with an average household income of $89,830.
QUALITY OF LIFE AMENITIES
Just minutes away, Holyoke Mall serves as the premier retail destination in Western Massachusetts, featuring approximately 150 retailers, restaurants, and entertainment venues. National retailers include Macy’s, Target, Apple, Best Buy, Sephora, H&M, DSW, and numerous specialty stores, while entertainment options such as Round1 Bowling & Amusement, Altitude Trampoline Park, and Billy Beez provide year-round recreation for residents and families.
Residents can find familiar brands including Starbucks, Dunkin’, Chick-fil-A, Chipotle, Panera Bread, Five Guys, Buffalo Wild Wings, and numerous food court options within Holyoke Mall. The mall's dining offerings also include restaurants such as Sumo Japanese Steakhouse, 110 Grill, and a variety of casual eateries that provide convenient options for residents.
In addition to Target and the extensive retail offerings within Holyoke Mall, residents benefit from proximity to Stop & Shop, Big Y World Class Market, Walmart, Aldi, CVS, Walgreens, and numerous convenience retailers located along Route 5 and the Ingleside commercial corridor.
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