Overview Property Details Payment Calculator Walkability

Active

295 Main, Springfield MA 01151

$365,000

Estimated $913.27/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $182,500

Total Rent: 26400/year

Estimated CAP Rate: 6.18%

4 Bedrooms

2 Full Baths

1,200 SqFt

Total Parking: 6

10,018 SqFt

Double Lot w/ Buildable Potential + 2-Family Cash Flow , Zoned B1 — Live, Rent, or Build! This oversized lot includes a solid 2-family home (2 beds/1 bath per unit) plus space to build a second multi-family or mixed-use structure out front (buyer to verify). Zoned B1—unlock ...

This home has been viewed 27 times

Last Checked: June 6th, 2025 at 10:03am (Source: MLS PIN #73381681)

Gross Income: $26,400

Gross Expenses: $3,857

Net Income Calc: $22,543

CAP Rate: 6.18%

Annual Expenses for 295 Main, Springfield MA 01151

Total Gross Expenses (Calculated)$3,857/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,857

Annual Income & Unit Breakdown for 295 Main, Springfield MA 01151

Total Gross Income (Calculated)$26,400

Unit 1

Rental Income$1,100

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit0

HeatingNo

Rent Includes

Unit 2

Rental Income$1,100

LeaseN

Bedrooms2

Bathrooms

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 295 Main, Springfield MA 01151

Listing ID73381681

Property TypeMulti Family / 2 Family

Price$365,000 ($304.17/SqFt)

Style2 Family - 2 Units Up/down

CitySpringfield

CountyHampden

MLS AreaIndian Orchard

Neighborhood(s)

Approximate Living Area Total1,200 SqFt

Approximate Lot Size (Acres)0.23 acres

Total Parking6

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsBrick, Stone

Lot FeaturesLevel

Foundation Area

Foundation DescriptionConcrete Perimeter,Block,Stone

Accessible Features

Outdoor SpacePorch

ZoningB1

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 295 Main, Springfield MA 01151

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$264,000

Total Net Income By Broker$26,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 295 Main, Springfield MA 01151

Real Estate Taxes$3,857

Tax Year2025

Assessed Value$246,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$264,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$26,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.18%

Location Information for 295 Main, Springfield MA 01151

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaIndian Orchard

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Bike Path, Public Transportation

Contact Information for 295 Main, Springfield MA 01151

Agent

Name: Zell Melendez

MLS ID: CN254452

Office ID: AN7279

National Association ID: 452518914

Address: 3 Redin Drive

City: East Longmeadow

State: MA

Zip: 01028

Office

Name: Berkshire Hathaway HomeServices Realty Professionals

MLS Office ID: AN7279

Phone: 413-567-3361

Payment Calculator

$2,570.43 per month

30 Years Fixed, 6.75% Interest

Property Taxes $321.42

Principal & Interest $2,249.01

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Realty Professionals

Zell Melendez

Agent Phone

Office Phone

(413) 567-3361

Text Agent Call Agent Call Office

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EXIT