Six-Unit Multifamily
For Sale
$745,000
Pending
312-314 Main St, Springfield, MA 01151
Two adjoining residential buildings offer separately metered heat and electric, with business zoning on the property's front portion.
Property Size5,950 SF
Days on Market53
Property Features for 312-314 Main St
General Information
Standard status
Pending
Size
5,950 SF
Property subtype
Investment
Site & Location
Neighborhood
Indian Orchard
Units
Unit Mix
4 x 2BR/1BA, 2 x 3BR
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$10,120
Building Details
Building Size
5,950 SF
Year Built
1997
Buildings
2
Stories
4
Units
6
Listed By:
Alfred C. Joyce Jr.
(413) 525-3205
Source:
Elliman
Added: Sep 11
Changed: Oct 29
Last Checked: Nov 1 at 6:21AM
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 Alfred C. Joyce Jr.
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Investment Insights
Based on property information with market context.
The property combines two multifamily buildings at 312-314 Main St. The four-family building at 314 Main St. was built in 1997 and contains four similarly configured apartments, each with four rooms, two bedrooms, and one bathroom. All four apartments are occupied, and residents pay their own gas heat and electricity.
The two-family building at 312 Main St. dates to 1914. Each apartment includes five rooms and three bedrooms, with a large porch; lead compliance documentation is in place for both units. The second-floor apartment is occupied, while the first-floor apartment is being held vacant for showings.
The front portion of the property carries business zoning, and the site has room for construction of a duplex or another business use.
The two-family building at 312 Main St. dates to 1914. Each apartment includes five rooms and three bedrooms, with a large porch; lead compliance documentation is in place for both units. The second-floor apartment is occupied, while the first-floor apartment is being held vacant for showings.
The front portion of the property carries business zoning, and the site has room for construction of a duplex or another business use.
Key Highlights
- Four‑family building at 314 Main St. built in 1997
- Each 314 Main St. apartment has four rooms, two bedrooms, and one bath
- Two‑family building at 312 Main St. constructed in 1914
Property Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two adjoining residential buildings offer separately metered heat and electric, with business zoning on the property's front portion.
Where is this multifamily property located?
The property is located at 312-314 Main St Springfield, MA.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Four‑family building at 314 Main St. built in 1997; Each 314 Main St. apartment has four rooms, two bedrooms, and one bath; Two‑family building at 312 Main St. constructed in 1914
