1 / 9
INVESTMENT SNAPSHOT
About this property
This solid 2-family property in Indian Orchard features two well-sized 2-bedroom, 1-bath units, each offering a functional layout, comfortable living space, and strong rental appeal. The first-floor unit is currently vacant, creating an excellent opportunity for an owner-occupant to move right in or for an investor to place a new tenant at today’s market rent. The home has been well maintained and presents a great option for buyers looking for steady multi-family income. Off-street parking adds convenience for both units. Located in a B1 zoning district in Indian Orchard, the property offers a variety of potential permitted uses based on municipal guidelines (buyer to verify all allowable uses with the town). The property also sits on a double lot, providing additional exterior space and the potential for additional units or expansion with proper approvals (buyer to perform all due diligence with local departments). Lead compliance certificates are available for both units.
Property details
| Units | 2 |
| Living area | 1,200 sqft |
| Lot size | 10,018 sqft |
| Year built | 1900 |
| Price / sqft | $304 |
| County | Hampden |
| MLS # | 73454841 |
Listing status
| Days on market | 168 days |
| Listed on | November 13, 2025 |
Taxes & financials
| Annual property tax | $3,857 |
| Tax year | 2025 |
| Assessed value | $246,000 |
| Zoning | B1 |
| Gross income (actual) | $26,400/yr |
| Net operating income (actual) | $26,400/yr |
| Total actual rent | $2,200/mo |
Building & lot
| Stories | 3 |
| Total rooms | 8 |
| Lot size | 0.23 acres |
| Garage spaces | 0 |
| Parking spaces | 6 |
| Parking | Paved Drive, Off Street, Stone/Gravel |
| Basement | Full, Unfinished |
| Foundation | Concrete Perimeter, Block |
| Roof | Shingle |
| Construction | Brick, Stone |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range |
Location
More about investing in Springfield →
Listing courtesy of Berkshire Hathaway HomeServices Realty Professionals — Zell Melendez. Listing data © MLS PIN.
Interested in this one?
Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 295 Main, Springfield MA 01151 have?
It is a 2-unit multi-family property with 1,200 sqft of living area, built in 1900.
How long has 295 Main, Springfield MA 01151 been on the market?
295 Main, Springfield MA 01151 has been listed for 168 days (since November 13, 2025).
What is the estimated cap rate on this 2-family in Springfield?
Based on area median rents, the estimated cap rate is about 6.2%, with a Signal Score of 94/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $365,000 across 2 units, that works out to roughly $182,500 per unit.
What are the property taxes on 295 Main, Springfield MA 01151?
Annual property taxes are $3,857 (2025), on an assessed value of $246,000.
What is the price per square foot?
At $365,000 for 1,200 sqft, that's about $304 per square foot.
Is there parking?
6 total parking spaces (paved drive, off street, stone/gravel).
Where is this property located?
295 Main, Springfield MA 01151 is in Springfield, Hampden County, MA 01151.
Similar multi-families
◆ 94
◆ 94
◆ 94
◆ 95