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."
Multi-familyProperty Type
1900Year Built
0.26 acresLot Size
$206Est. Price/Sq.Ft.
10 spacesParking
Listed by Amaurys Valdera• Brokerbe Inc.
Bought with Cate Shea• Coldwell Banker Realty - Western MA
READY FOR REHAB OR UPDATING OR EVEN DIFFERENT USE FOR BUSINESS A ZONED PROPERTY. SEE AGENT FOR DISCLOSURES
Public Records
Apr 30, 1999
Sold
$25,000
$8/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$5,499 (+6.2%)
$35,700 + $286,800
$322,500
2022
$5,179 (+45.2%)
$33,300 + $241,900
$275,200
2021
$3,566 (+0.6%)
$30,300 + $158,400
$188,700
2020
$3,545 (+2.4%)
$30,300 + $151,200
$181,500
2019
$3,462 (+5.7%)
$31,300 + $144,600
$175,900
2018
$3,275 (+7.6%)
$31,300 + $135,100
$166,400
2017
$3,043 (+9.5%)
$26,700 + $128,100
$154,800
2016
$2,780 (+19.5%)
$26,700 + $114,700
$141,400
2015
$2,327 (−0.7%)
$26,700 + $91,600
$118,300
2014
$2,344 (−0.8%)
$27,900 + $91,000
$118,900
2013
$2,363 (−2.6%)
$27,900 + $92,000
$119,900
2012
$2,425 (−1.7%)
$32,800 + $89,500
$122,300
2011
$2,467
$36,800 + $89,800
$126,600
Tax history for 297 Main
Year
Property tax
Land + Additions
Assessment*
2023
$5,499 (+6.2%)
$35,700 + $286,800
$322,500
2022
$5,179 (+45.2%)
$33,300 + $241,900
$275,200
2021
$3,566 (+0.6%)
$30,300 + $158,400
$188,700
2020
$3,545 (+2.4%)
$30,300 + $151,200
$181,500
2019
$3,462 (+5.7%)
$31,300 + $144,600
$175,900
2018
$3,275 (+7.6%)
$31,300 + $135,100
$166,400
2017
$3,043 (+9.5%)
$26,700 + $128,100
$154,800
2016
$2,780 (+19.5%)
$26,700 + $114,700
$141,400
2015
$2,327 (−0.7%)
$26,700 + $91,600
$118,300
2014
$2,344 (−0.8%)
$27,900 + $91,000
$118,900
2013
$2,363 (−2.6%)
$27,900 + $92,000
$119,900
2012
$2,425 (−1.7%)
$32,800 + $89,500
$122,300
2011
$2,467
$36,800 + $89,800
$126,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
10
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
0.26 Acres
Year renovated
—
Sq. Ft.
5,082
Year built
1900
Style
Multi-Family (5+ Unit)
County
Hampden County
APN
3215882
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
BUS A
General Business District
Main Street and pedestrian oriented shopping districts with residential allowed.
Permitted uses
Include but are not limited to:
Agriculture
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Other
Park & open space
Property details
Parking
Parking Information
Has Open Parking
Parking Spaces: 10
Parking Features: Paved Drive, Off Street, Paved
Interior
Bathroom Information
# of Bathrooms (Full): 4
Basement Information
Basement: Full, Interior Entry, Unfinished
Interior Features
# of Rooms (Total): 22
Flooring: Tile, Laminate
Interior 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
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #2 Information
# of Levels: 1
# of Floors: 2
Lease: Y
Unit #3 Information
# of Levels: 1
# of Floors: 2
Unit #4 Information
# of Levels: 1
# of Floors: 3
Exterior
Building Information
Building Area (Total): 2,987
Foundation Details: Block
Construction Materials: Frame
Stories (Total): 4
Year Built Source: Public Records
Year Built Details: Actual,Renovated Since
Exterior Features
Roof: Asphalt/Composition Shingles
Property Information
PropertySubType: 4 Family - 4 Units Up/Down
Lot Information
Lot Size (Acres): 0.26
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $6,360
Tax Year: 2024
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Electric: 150 Amp Service
Heating & Cooling
Has Heating
Heating: Forced Air, Natural Gas, Baseboard
Heating Units: 4
Cooling Units: 0
Location
Location Information
Directions: GPS
UnparsedAddress: 297 Main, Springfield MA 01151
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Park, Medical Facility, Highway Access, Public School
Public facts
Beds: 10
Baths: —
Sq. Ft.: 5,082
Stories: 2.0
Lot Size: 0.26 acres
Style: Multi-Family (5+ Unit)
Year Built: 1900
Year Renovated: —
County: Hampden County
APN: 3215882
Home facts updated by county records on Jul 20, 2023
Other
Miscellaneous Information
Heat Zones: 4
Listing Information
StandardStatus: Closed
Around this home
Schools
Places
Transit
Indian Orchard Elementary School
Public PreK-5 • Assigned • 0.3mi
5/10
John F Kennedy Middle School
Public 6-8 • Assigned • 0.8mi
4/10
Springfield Public Day High School
Public 9-12 • Assigned • 0.5mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 97° expected this year, 17 days in 30 years
5/10 Wind Factor
26% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Springfield, MA • 01151
Average low and high temperatures (°F)
33
18
36
18
52
31
62
41
70
51
83
60
87
67
82
61
77
55
66
43
52
34
38
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.