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Three-Unit Multifamily Property
For Sale
$450,000

201 Main St, Springfield, MA 01151

Three-bedroom apartments feature separate utilities, with one residence currently vacant for occupancy or leasing.

Property Size3,801 SF
Price / SF$118.39
Days on Market212

Property Features for 201 Main St

General Information

Standard status Active
Size 3,801 SF
Property subtype Multi-Family
Zoning B1
Net Operating Income $27,900

Additional Details

Public Transit Yes
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $6,031

Building Details

Building Size 3,801 SF
Year Built 1909
Stories 3
Listing Agency: Naples Realty Group
Listed By: Sheila Perez · License #9562673
Source: Churchillprop
Added: Mar 17 Changed: Oct 6 Last Checked: Oct 12 at 5:52PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Naples Realty Group

Investment Insights

Based on property information with market context.

This three-unit multifamily property at 201 Main Street contains three-bedroom apartments on each floor, providing a consistent residential layout throughout the building. The property includes 3,801 square feet, separate utilities for each apartment, insulated windows, vinyl and carpet flooring, and porch areas. Exterior materials include stone and shingle or tar-and-gravel roofing. Built in 1909, the building is zoned B1.

One apartment is vacant, while the other units are described as occupied in the property remarks. The location provides access to bus routes, shopping centers, and local amenities, with Springfield Crossing Center near Boston Road approximately a five-minute drive away. The property is in Springfield, Massachusetts, within the 01151 ZIP code.

Key Highlights

  • Three‑unit building with three‑bedroom apartments on each floor
  • 3,801 square feet of building area
  • Separate utilities serve the apartments

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Pharmacy (Bike/Boat/Book/etc) Store HVAC Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

442
Businesses Nearby

Demographics for 01151, MA

9,150
Population
3,959
Households
2.3
Avg Household Size
34
Median Age
17%
College-Educated
77%
High-School Grad
2.4 sq mi
ZIP Area
3,813
Density / Sq Mi
$57,113
Median Household Income
$39,117
Median Earnings
$1,239
Median Rent
$219,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three-bedroom apartments feature separate utilities, with one residence currently vacant for occupancy or leasing.
Where is this triplex located?
The property is located at 201 Main St Springfield, MA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Three‑unit building with three‑bedroom apartments on each floor; 3,801 square feet of building area; Separate utilities serve the apartments
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