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130 Days on market
201 Main St Springfield — Photo 1 of 29

201 Main St Springfield — Photo 1 of 29

Recent Drop: $25,000

$475,000
$450,000

$450,000

Investment Analysis — 201 Main St

Springfield, MA 01151

Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 1 vacant unit, a 3-unit multi-family in 01151 carries an estimated $4,615/mo in gross rent — about a 8.01% cap rate and $36,058/yr in estimated NOI at the $450,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

9

Baths

3

SqFt

3,801

Style

3 Family

Built

1909

Motivated seller!! 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. Separate utilities! 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 location!

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 MLS and other third-party data may be inaccurate or out of date.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

Original Price$475,000
Annual Taxes$6,031

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms15
FireplacesNone
FlooringVinyl, Carpet
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionStone
RoofShingle, Tar/Gravel
FoundationStone
ZoningB1

Property & Lot

Acres0.07
SqFt Lot2,879
Lot FeaturesEasements

Neighborhood

Public Transportation • Shopping • Park • House of Worship • Public School

Geography

Property History

Price Drop
$450,000

Was $475,000

Jul 21, 2026

MLS® 73526948

Listed
$475,000

May 29, 2026

MLS® 73526948

Expired
$484,900

Apr 4, 2026

MLS® 73451258

Listed
$484,900

Nov 4, 2025

MLS® 73451258

Listing Provided By

Listing Agent: Sheila Perez

Listing Office: Naples Realty Group

MLS® Number: 73526948