Toll House Apartments

West Springfield sits on the west bank of the Connecticut River, directly across from Springfield near the center of the Pioneer Valley. Home to roughly 28,800 residents, the town pairs established residential neighborhoods with one of the region's busiest commercial corridors along Riverdale Street (Route 5). That corridor carries big-box retail, grocery, and dining drawing from across Greater Springfield, and the town hosts the Eastern States Exposition — "The Big E," New England's largest fair — which brings more than a million visitors each autumn. Everyday shopping, healthcare, and employment sit within a few miles. Interstate 91 runs along the town's eastern edge and meets the Massachusetts Turnpike (I-90) minutes away, linking south to Hartford and east to Boston. Routes 5 and 20 handle local movement through the valley.Northeast Private Client Group, Inc. is pleased to present Toll House Apartments (2024-2036 Riverdale Street), a 43-unit multifamily community in West Springfield, Massachusetts, positioned along the Riverdale Street (Route 5) retail corridor a short drive north of downtown Springfield. Offered at $4,750,000, the property presents a value-add opportunity in one of Western Massachusetts's core rental markets. Built in 1971, the community comprises 37 one-bedroom apartments, five studios, and one three-bedroom unit across two stories. Ownership covers hot water, electricity, water and sewer, and trash, and the units carry electric baseboard heat. Recent capital work totals roughly $700,000, including full renovations of 25 of the 43 units and upgrades to the property’s hot-water, electric, and roofing systems. Toll House Apartments offer an investor a value-add multifamily play: rents that sit below market, many capital upgrades, and historically strong occupancy. Please reach out to the deal contact for more information.