Toll House Apartments

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Address: 2024 Riverdale St, West Springfield, MA 01089, USA
Boston & New England + Apartment Buildings
Created date: September 9, 2026
Date last updated: September 21, 2026
Price: $4,750,000Investment Analyzer NEW!
  • Below-Market Rents
  • $700K Recently Invested
  • $110,465 Per Unit
  • Taxed at the Residential Rate
  • On the Route 5 Corridor

Property Description

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.
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Broker Details

Taylor Perun
Taylor Perun

Northeast Private Client Group 203-307-1576

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Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $4,750,000
No. of Units: 43
Year Built: 1965
Lot Size: 1.06 Acres
Opportunity Zone: No
Price per unit: $110,465
Property Website Click Here
Address: 2024-2036 Riverdale Street, West Springfield, MA 01089, USA
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