297 Main Springfield MA 01151 MLS #73339965

297 Main
Springfield, MA, 01151
$500,000
10 Beds
4 Baths
2,987 SqFt
0.26 Acres
$500,000
297 Main
Springfield, MA, 01151
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.”

Property Details

Price:
$500,000
MLS #:
73339965
Status:
Pending
Beds:
10
Baths:
4
Address:
297 Main
Type:
Multi Family
Subtype:
4 Family – 4 Units Up/Down
Neighborhood:
Indian Orchard
City:
Springfield
Listed Date:
Mar 1, 2025
State:
MA
Finished Sq Ft:
2,987
Total Sq Ft:
2,987
ZIP:
01151
Lot Size:
11,543 sqft / 0.26 acres (approx)
Year Built:
1900
Units:
4

Schools

Interior

Appliances
Range, Microwave, E N E R G Y S T A R Qualified Refrigerator, Refrigerator
Bathrooms
4 Full Bathrooms
Flooring
Tile, Laminate
Heating
Forced Air, Natural Gas, Baseboard

Exterior

Community Features
Public Transportation, Park, Medical Facility, Highway Access, Public School
Construction Materials
Frame
Parking Features
Paved Drive, Off Street, Paved
Parking Spots
10
Roof
Asphalt/ Composition Shingles

Financial

Net Operating Income
$69,000
Tax Year
2024
Taxes
$6,360
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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