
295 Main Springfield — Photo 1 of 22
$365,000
Investment Analysis — 295 Main
Springfield, MA 01151 — Indian Orchard
Based on rent reported on the MLS listing, a 2-unit multi-family in 01151 carries $2,200/mo in gross rent — about a 4.44% cap rate and $16,207/yr in estimated NOI at the $365,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,200
Style
Multi Family
Built
1900
Now fully vacant and ready for its next owner, this well-maintained 2-family property presents an exceptional opportunity for both owner-occupants and investors. With both 2-bedroom, 1-bath units delivered vacant at closing, you have the flexibility to occupy one unit while generating rental income from the other or lease both units at today's market rates.Each apartment offers a functional floor plan with spacious living areas, generously sized bedrooms, and abundant natural light. Off-street parking provides added convenience for residents and guests.Located on a double lot in a B1 zoning district, this property offers additional outdoor space and potential for future expansion or redevelopment, subject to buyer verification and municipal approvals. Lead compliance certificates are available for both units.Ideally situated with easy access to Interstate 291, the Massachusetts Turnpike (I-90), downtown Springfield, and major employers, the location is convenient for commuters and tenants alike. Nearby amenities include shopping, restaurants, grocery stores, schools, public transportation, Five Mile Pond Park, Forest Park, the Basketball Hall of Fame, MGM Springfield, and the Springfield Museums.Whether you're looking to house hack, expand your investment portfolio, or own a fully vacant multi-family with strong income potential and future possibilities, this property is ready to deliver. Don't miss this rare opportunity—schedule your private showing today!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator
Geography
Property History
$365,000
Nov 13, 2025
MLS® 73454841
$365,000
Aug 31, 2025
MLS® 73381681
$365,000
May 28, 2025
MLS® 73381681
Listing Agent: Zell Melendez
Listing Office: Berkshire Hathaway HomeServices Realty Professionals
MLS® Number: 73454841