297 Main, Springfield, MA 01151
View Map
$500,000
4 Unit
10 Beds
4 Baths
2987 SQFT
0.26 Acre

Property Description

Fantastic Residential 4 Unit Investment Opportunity in Indian Orchard, Springfield Located at 297 Main St, Springfield, MA 01151, this spacious multi-unit property is perfect for investors or owner-occupants looking for rental income. The property features four units: Unit 1: 4 bedrooms Unit 2: 2 bedrooms Unit 3: 2 bedrooms and Unit 4: 2 bedroomsRecent updates make this property even more appealing Three units have been recently renovated, featuring an upgraded electrical system, new heating, and new water heaters. Sitting on a large 11,543 sq. ft. lot, this property offers plenty of off-street parking for tenants. With a gross area of 5,082 sq. ft. and 2,987 sq. ft. of living space, there’s great potential to maximize rental income. Conveniently located near shops, restaurants, and major routes."Highest & Best offers due by Monday, March 10th at 5:00 PM."

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 8
  • Total Bedrooms: 10
  • Total Full Baths: 4
  • Amenities: Highway Access, Medical Facility, Park, Public School, Public Transportation
  • Basement Features: Full, Interior Access, Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub, Bathroom With Tub & Shower, Internet Available - Broadband, Internet Available - Fiber-Optic, Tile Floor, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Microwave, Range, Refrigerator, Refrigerator - ENERGY STAR
  • Common Heating: Extra Flue, Forced Air, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Oil

Financial

  • APOD Available: No
  • Gross Operating Income: 69000
  • Net Operating Income: 69000

Utilities

  • Heat Zones: 4
  • Electric Info: 150 Amps
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Electric
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 4 Family - 4 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block
  • Roof Material: Asphalt/Composition Shingles
  • Flooring Type: Laminate, Tile
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73339965
  • Last Updated: 03/10/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/10/2025Contingent$500,000$167MLSPIN
03/05/2025Active$500,000$167MLSPIN
03/01/2025New$500,000$167MLSPIN

Mortgage Calculator

View Breakdown

Map

Seller's Representative: Amaurys Valdera, Brokerbe Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

© 2025 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-03-10 20:59:00