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438 Springfield, Agawam MA 01001

$1,950,000

Estimated $4,466/month Calculator

Multi Family

Total Units: 16

Price Per Unit: $121,875

Total Rent: 27000/year

Estimated CAP Rate:

16 Bedrooms

Baths

7680

Total Parking: 24

13,440 (0.31)

Discover an exceptional investment opportunity at 438 Springfield Street, Agawam, Massachusetts. This meticulously maintained 16-unit multifamily property, originally constructed in 1965, offers approximately 7,680 square feet of living space and is fully occupied, providing immediate, stable cash flow for investors.The building features 16 residential units, with a total of 16 bedrooms and 16 full bathrooms, spread across two stories on a 13,440-square-foot lot. The property has been well maintained and is positioned for continued long-term performance.Recent capital improvements include the installation of new heat pumps in every unit, providing tenants with efficient heating and air conditioning while enhancing the property’s long-term value and reducing future capital expenditure needs. Additional income is generated through an on-site coin-operated laundry, producing approximately $150 per month.The property’s July 2026 trailing 12-month (T12) Net Operating Income (NOI) is approximately $162,300. At an 8.0% capitalization rate, this supports an estimated value of approximately $2,028,750, reflecting the property’s strong and improving operating performance.The list price has been increased to reflect the improved July 2026 T12 financial performance, as well as multiple offers received at the previous list price. Buyers are encouraged to review the updated financials when evaluating the property’s current value.Whether you are completing a 1031 exchange, expanding an existing multifamily portfolio, or seeking a stable, income-producing asset in a desirable Western Massachusetts market, 438 Springfield Street offers an outstanding combination of current cash flow, recent capital improvements, and future upside.Highlights* 16-unit multifamily investment* Approximately 7,680 square feet* Built in 1965* Fully rented with stable occupancy* New heat pumps installed in every unit* On-site laundry generating approximately $150 per month* July 2026 T12 NOI: $162,300* Supports an estimated value of approximately $2,028,750 at an 8.0% capitalization rate* List price increased based on improved T12 financial performance and strong buyer interest* Offers due by August 27, 2026

This home has been viewed 30 times

Last Checked: September 25th, 2026 at 7:13am (Source: MLS PIN #73536156)

Gross Income: $27,000

Gross Expenses: $15,647

Net Income Calc: $11,353

Annual Expenses for 438 Springfield, Agawam MA 01001

Total Gross Expenses (Calculated)$15,647/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax15647

Annual Income & Unit Breakdown for 438 Springfield, Agawam MA 01001

Total Gross Income (Calculated)$27,000

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bathrooms

Rent Includes

Unit 4

Rental Income$0

Lease

Bathrooms

Rent Includes

General Information for 438 Springfield, Agawam MA 01001

Listing ID73536156

Property TypeMulti Family

Price1950000 ($253.91/SqFt)

Style5+ Family - 5+ Units Up/down

CityAgawam

CountyHampden

Neighborhood(s)

Approximate Living Area Total7680

Approximate Lot Size (Acres)0.31

Total Parking24

Garage Parking0

Year Built1965

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor Space

Zoningres

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 438 Springfield, Agawam MA 01001

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Tenant Possessions

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 438 Springfield, Agawam MA 01001

Real Estate Taxes15647

Tax Year2026

Assessed Value$1,109,700

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 438 Springfield, Agawam MA 01001

Neighborhood(s)

Area Amenities

Contact Information for 438 Springfield, Agawam MA 01001

Agent

Name: Russell J. Sabadosa

Office

Name: Premier Choice Realty

Phone: 413-200-8642

Payment Calculator

, Interest

Property Taxes 1303.92

Principal & Interest 12015.28

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Premier Choice Realty

Russell J. Sabadosa

Agent Phone

Office Phone

(413) 200-8642

Text Agent Call Agent Call Office

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EXIT

6 More Photos

Pending

438 Springfield, Agawam MA 01001

$1,950,000

Annual Expenses for 438 Springfield, Agawam MA 01001

Annual Income & Unit Breakdown for 438 Springfield, Agawam MA 01001

General Information for 438 Springfield, Agawam MA 01001

Disclosures for 438 Springfield, Agawam MA 01001

Financial Information for 438 Springfield, Agawam MA 01001

Location Information for 438 Springfield, Agawam MA 01001

Contact Information for 438 Springfield, Agawam MA 01001

Agent

Office

Payment Calculator

Exclusive Listing Agent

Premier Choice Realty

Russell J. Sabadosa