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."
Sold for $550,000 on 04/22/25
$550,000
297 Main St, Springfield, MA 01151
10beds
2,987sqft
4 Family - 4 Units Up/Down
Built in 1900
-- sqft lot
$560,400 Zestimate®
$184/sqft
$1,848 Estimated rent
Home value
$560,400
$504,000 - $622,000
$1,848/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 25, 2025 at 07:39am
Listed by:
Amaurys Valdera 401-200-5171,
Brokerbe Inc. 401-357-0707
Bought with:
Cate Shea
Coldwell Banker Realty - Western MA
Source: MLS PIN,MLS#: 73339965
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Natural Gas, Baseboard
Features
- Bathroom With Tub, Remodeled, Internet Available - Broadband, Internet Available - Fiber-Optic, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen
- Flooring: Tile, Laminate
- Basement: Full,Interior Entry,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,987
- Total interior livable area: 2,987 sqft
- Finished area above ground: 2,987
- Finished area below ground: 5,082
Property
Parking
- Total spaces: 10
- Parking features: Paved Drive, Off Street, Paved
- Uncovered spaces: 10
Lot
- Size: 0.26 Acres
Details
- Parcel number: 081320244,3215882
- Zoning: B1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 4 Family - 4 Units Up/Down
Materials
- Frame
- Foundation: Block
- Roof: Asphalt/Composition Shingles
Condition
- Year built: 1900
Utilities & green energy
- Electric: 150 Amp Service
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Park, Medical Facility, Highway Access, Public School
Location
- Region: Springfield
HOA & financial
Other financial information
- Total actual rent: 5750
Price history
| Date | Event | Price |
|---|---|---|
| 4/22/2025 | Sold | $550,000+10%$184/sqft |
Source: MLS PIN #73339965 | ||
| 3/11/2025 | Contingent | $500,000$167/sqft |
Source: MLS PIN #73339965 | ||
| 3/1/2025 | Listed for sale | $500,000+45%$167/sqft |
Source: MLS PIN #73339965 | ||
| 6/3/2022 | Listing removed | -- |
Source: MLS PIN #72830048 | ||
| 7/22/2021 | Listing removed | $344,900$115/sqft |
Source: MLS PIN #72830048 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,288 -1.1% | $401,000 +1.3% |
| 2024 | $6,360 +15.7% | $396,000 +22.8% |
| 2023 | $5,499 +6.2% | $322,500 +17.2% |
Find assessor info on the county website
Neighborhood: Indian Orchard
Nearby schools
GreatSchools rating
- 4/10Indian Orchard Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10John F Kennedy Middle SchoolGrades: 6-8Distance: 0.8 mi
- 1/10Springfield Public Day High SchoolGrades: 9-12Distance: 0.5 mi
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$560,400
2% more+ $11,208
With Zillow Showcase(estimated)
$571,608