Opportunity to own a classic property with wonderful features. Lots of potential here with one unit consisting of main floor with updated kitchen and bathroom with laundry, dining room with cherry hardwood floors, bright living room with stained glass and an office/ den. Bedrooms are on the second floor and two rooms on third floor are great storage spaces. Second unit is on second and third floors, with updated kitchen with laundry and bathroom, living room, dining room, office, and two bedrooms. Each unit has its own gas hot water heater and separate Gas and Electric meters. Gas steam boiler serves unit one. Each unit contains a refrigerator, stove, washer, and dryer. Property has been used for family and will need some work to completely separate each unit. Property will not be a candidate for FHA or VA financing. Showings can be of both units, property will be delivered unoccupied at closing.
This home has been viewed 14 times
Last Checked: December 5th, 2025 at 10:03am (Source: MLS PIN #73459904)
Gross Income: $0
Gross Expenses: $4,389
Net Income Calc: $4,389
CAP Rate: -1.46%
Annual Expenses for 298 Main St, Springfield MA 01151
Total Gross Expenses (Calculated)$4,389/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$4,389
Annual Income & Unit Breakdown for 298 Main St, Springfield MA 01151
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit3
HeatingYes
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingYes
Rent Includes
General Information for 298 Main St, Springfield MA 01151
Listing ID73459904
Property TypeMulti Family
Price$299,900 ($132.41/SqFt)
StyleMulti Family
CitySpringfield
CountyHampden
MLS AreaIndian Orchard
Neighborhood(s)
Approximate Living Area Total2,265 SqFt
Approximate Lot Size (Acres)0.24 acres
Total Parking6
Garage Parking
Year Built1895
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot Features
Foundation Area
Foundation DescriptionBrick/Mortar
Accessible Features
Outdoor SpaceDeck, Porch
ZoningSR3B1
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy FeaturesInsulated Windows
Terms
Disclosures for 298 Main St, Springfield MA 01151
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureProperty was being used as a family residence
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$0
Total Net Income By Broker$0
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 298 Main St, Springfield MA 01151
Real Estate Taxes$4,389
Tax Year2025
Assessed Value$279,900
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$0
BostonRealEstate.com Gross Income
Total Net Income By Broker$0
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)-1.46%
Location Information for 298 Main St, Springfield MA 01151
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaIndian Orchard
Area AmenitiesShopping, Public Transportation
Contact Information for 298 Main St, Springfield MA 01151