Fantastic Residential 4 Unit Investment Opportunity in Indian Orchard, Springfield Located at 297 Main St, Springfield, MA 01151, this spacious multi-unit property is perfect for investors or owner-occupants looking for rental income. The property features four units: Unit 1: 4 bedrooms Unit 2: 2 bedrooms Unit 3: 2 bedrooms and Unit 4: 2 bedroomsRecent updates make this property even more appealing Three units have been recently renovated, featuring an upgraded electrical system, new heating, and new water heaters. Sitting on a large 11,543 sq. ft. lot, this property offers plenty of off-street parking for tenants. With a gross area of 5,082 sq. ft. and 2,987 sq. ft. of living space, there’s great potential to maximize rental income. Conveniently located near shops, restaurants, and major routes."Highest & Best offers due by Monday, March 10th at 5:00 PM."
Sold for $550,000
$550,000
297 Main St, Springfield, MA 01151
10beds
2,987sqft
4 Family - 4 Units Up/Down
Built in 1900
-- sqft lot
$565,200 Zestimate®
$184/sqft
$1,649 Estimated rent
Home value
$565,200
$509,000 - $627,000
$1,649/mo
Zestimate® history
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$3,642/mo
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List your homeWhat's special
New heatingUpgraded electrical systemNew water heatersPlenty of off-street parking
Zillow last checked:
Listing updated:
Listed by:
Amaurys Valdera 401-200-5171,
Brokerbe Inc. 401-357-0707
Bought with:
Cate Shea
Coldwell Banker Realty - Western MA
Source: MLS PIN,MLS#: 73339965
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Natural Gas, Baseboard
Appliances
- Included: Range, Microwave, ENERGY STAR Qualified Refrigerator, Refrigerator
Features
- Bathroom With Tub, Remodeled, Internet Available - Broadband, Internet Available - Fiber-Optic, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen
- Flooring: Tile, Laminate
- Basement: Full,Interior Entry,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,987
- Total interior livable area: 2,987 sqft
- Finished area above ground: 2,987
- Finished area below ground: 5,082
Property
Parking
- Total spaces: 10
- Parking features: Paved Drive, Off Street, Paved
- Uncovered spaces: 10
Lot
- Size: 0.26 Acres
Details
- Parcel number: 081320244,3215882
- Zoning: B1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 4 Family - 4 Units Up/Down
Materials
- Frame
- Foundation: Block
- Roof: Asphalt/Composition Shingles
Condition
- Year built: 1900
Utilities & green energy
- Electric: 150 Amp Service
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Park, Medical Facility, Highway Access, Public School
Location
- Region: Springfield
Financial & listing details
- Price per square foot: $184/sqft
- Tax assessed value: $401,000
- Annual tax amount: $6,360
- Date on market: 1/7/2026
- Total actual rent: 5750
Price history
| Date | Event | Price |
|---|---|---|
| 4/22/2025 | Sold | $550,000+10%$184/sqft |
Source: MLS PIN #73339965 Report a problem | ||
| 3/11/2025 | Contingent | $500,000$167/sqft |
Source: MLS PIN #73339965 Report a problem | ||
| 3/1/2025 | Listed for sale | $500,000+45%$167/sqft |
Source: MLS PIN #73339965 Report a problem | ||
| 6/3/2022 | Listing removed | -- |
Source: MLS PIN #72830048 Report a problem | ||
| 7/22/2021 | Listing removed | $344,900$115/sqft |
Source: MLS PIN #72830048 Report a problem | ||
| 7/7/2021 | Price change | $344,900-2.8%$115/sqft |
Source: MLS PIN #72830048 Report a problem | ||
| 5/28/2021 | Pending sale | $354,900$119/sqft |
Source: MLS PIN #72830048 Report a problem | ||
| 5/18/2021 | Contingent | $354,900$119/sqft |
Source: MLS PIN #72830048 Report a problem | ||
| 5/12/2021 | Listed for sale | $354,900$119/sqft |
Source: MLS PIN #72830048 Report a problem | ||
| 5/11/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/9/2021 | Listed for sale | $354,900+1720%$119/sqft |
Source: Owner Report a problem | ||
| 10/22/1999 | Sold | $19,500-22%$7/sqft |
Source: Public Record Report a problem | ||
| 4/30/1999 | Sold | $25,000+2400%$8/sqft |
Source: Public Record Report a problem | ||
| 8/21/1997 | Sold | $1,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,288 -1.1% | $401,000 +1.3% |
| 2024 | $6,360 +15.7% | $396,000 +22.8% |
| 2023 | $5,499 +6.2% | $322,500 +17.2% |
| 2022 | $5,179 +45.2% | $275,200 +45.8% |
| 2021 | $3,566 +0.6% | $188,700 +4% |
| 2020 | $3,545 +2.4% | $181,500 +3.2% |
| 2019 | $3,462 +5.7% | $175,900 +5.7% |
| 2018 | $3,275 +7.6% | $166,400 +7.5% |
| 2017 | $3,043 +9.5% | $154,800 +9.5% |
| 2016 | $2,780 +19.5% | $141,400 +19.5% |
| 2015 | $2,327 -0.7% | $118,300 -0.5% |
| 2014 | $2,344 -0.8% | $118,900 -0.8% |
| 2013 | $2,363 -2.6% | $119,900 -2% |
| 2012 | $2,425 -1.7% | $122,300 -3.4% |
| 2011 | $2,467 +1.6% | $126,600 +1.7% |
| 2010 | $2,428 +1.1% | $124,500 -7.2% |
| 2009 | $2,401 -2.4% | $134,200 -12.5% |
| 2008 | $2,459 +10.8% | $153,400 +10.8% |
| 2007 | $2,220 +7.8% | $138,400 +14.3% |
| 2006 | $2,059 +13.3% | $121,100 +16.7% |
| 2005 | $1,818 +2.3% | $103,800 +10.9% |
| 2004 | $1,777 +6.3% | $93,600 +8.7% |
| 2003 | $1,671 +8.7% | $86,100 +11.4% |
| 2002 | $1,537 | $77,300 |
Find assessor info on the county website
Neighborhood: Indian Orchard
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Nearby schools
GreatSchools rating
- 5/10Indian Orchard Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10John F Kennedy Middle SchoolGrades: 6-8Distance: 0.8 mi
- 1/10Springfield Public Day High SchoolGrades: 9-12Distance: 0.5 mi
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