March 13, 2025 – Michael Bradley of Horvath & Tremblay has arranged the sale Mill & Fort Pleasant, a three property, fifty-seven (57) unit multi-family portfolio in Springfield, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5,000,000.
Mill & Fort Pleasant consists of three multi-family investment properties located at 64-74 Mill Street and 51 and 59 Fort Pleasant Avenue in Springfield, Massachusetts. The Portfolio consists of fifty-seven (57) residential units spread over the three Properties and features twenty-nine (29) 2-Bedroom/1-Bathroom units, twenty (20) 1-Bedroom/1-Bathroom units, and eight (8) Studio units with 44,182 square feet of living area in 55,114 square feet of total gross area on a combined 0.61 acres of land. Mill & Fort Pleasant is situated just south of downtown Springfield, straddling the border between the South End and Forest Hills neighborhoods. 51 and 59 Fort Pleasant Avenue are adjacent properties and are a short walk to 64-74 Mill Street. The location offers convenient access to Springfield’s downtown amenities, including shopping, dining, entertainment, and employment opportunities. High profile attractions include the MGM Casino and the MassMutual Center, three hospitals, and several area colleges/universities. Municipal bus service is readily available directly in front of the Properties, and Springfield’s Union Station is just 1.5 miles away, offering Amtrak, Greyhound, Peter Pan and PVTA bus routes, as well as commuter rail service on the CTRail Hartford Line along the 62-mile Springfield – New Haven Corridor. The Properties are just off of Interstate 91, which provides easy access to Interstates 291, 391, 90, and US Routes 5 and 202, allowing for travel to all parts of New England and beyond.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.