
201 Main St Springfield — Photo 1 of 29
Recent Drop: $25,000
$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.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Park • House of Worship • Public School
Geography
Property History
$450,000
Was $475,000
Jul 21, 2026
MLS® 73526948
$475,000
May 29, 2026
MLS® 73526948
$484,900
Apr 4, 2026
MLS® 73451258
$484,900
Nov 4, 2025
MLS® 73451258
Listing Agent: Sheila Perez
Listing Office: Naples Realty Group
MLS® Number: 73526948








