1 / 32
INVESTMENT SNAPSHOT
About this property
OPEN HOUSE SAT 6/6 11:30-12:30pm. Welcome to 201 Main Street in Indian Orchard! A fantastic investment opportunity! This three-family home offers spacious 3-bedroom units on each floor, with one vacant unit ready for an owner-occupant or new tenant. Each apartment features generous layouts, separate utilities, and strong rental potential, making this property a true cash cow. Conveniently located near bus routes, shopping centers, and local amenities, this multifamily is just a 5-minute drive to Boston Road’s new Springfield Crossing Center, offering easy access to restaurants, retail, and more. Whether you’re looking to expand your portfolio or live in one unit while tenants help pay the mortgage, this property is a smart and strategic choice. Don’t miss out on this income-producing gem in a prime Springfield location!
Property details
| Units | 3 |
| Living area | 3,801 sqft |
| Lot size | 2,879 sqft |
| Year built | 1909 |
| Price / sqft | $125 |
| County | Hampden |
| MLS # | 73526948 |
Listing status
| Days on market | 4 days |
| Listed on | May 29, 2026 |
Taxes & financials
| Annual property tax | $6,031 |
| Tax year | 2025 |
| Assessed value | $384,600 |
| Zoning | B1 |
| Gross income (actual) | $27,900/yr |
| Net operating income (actual) | $27,900/yr |
| Total actual rent | $2,325/mo |
Building & lot
| Stories | 3 |
| Total rooms | 15 |
| Lot size | 0.07 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Basement | Full |
| Foundation | Stone |
| Roof | Shingle, Tar/Gravel |
| Construction | Stone |
| Flooring | Vinyl, Carpet |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range |
Location
More about investing in Springfield →
Listing courtesy of Naples Realty Group — Sheila Perez. 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 201 Main St, Springfield MA 01151 have?
It is a 3-unit multi-family property with 3,801 sqft of living area, built in 1909.
How long has 201 Main St, Springfield MA 01151 been on the market?
201 Main St, Springfield MA 01151 has been listed for 4 days (since May 29, 2026).
What is the estimated cap rate on this 3-family in Springfield?
Based on area median rents, the estimated cap rate is about 7.1%, with a Signal Score of 99/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $475,000 across 3 units, that works out to roughly $158,333 per unit.
What are the property taxes on 201 Main St, Springfield MA 01151?
Annual property taxes are $6,031 (2025), on an assessed value of $384,600.
What is the price per square foot?
At $475,000 for 3,801 sqft, that's about $125 per square foot.
Where is this property located?
201 Main St, Springfield MA 01151 is in Springfield, Hampden County, MA 01151.
Similar multi-families
◆ 99
◆ 99
◆ 83
◆ 84