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6-Unit Apartment Building
New
For Sale
$649,000

399-401 Main Street, Springfield, MA 01151

Each apartment has separate utilities, and all six units have been de-leaded.

Property Size6,006 SF
Price / SF$108.06
Days on Market5

Property Features for 399-401 Main Street

General Information

Standard status Active
Size 6,006 SF
Property subtype Multi-family

Site & Location

Neighborhood Indian Orchard
Highway Access Yes
Public Transit Yes

Units

Multifamily Units 6
Individually Metered Utilities unspecified utilities

Additional Details

Tenant in Place Yes

Building Details

Year Built 1907
Buildings 1
Listing Agency: Park Square Realty
Listed By: Terry Hooper
Source: Parksquarerealty
Added: Oct 25 Changed: Oct 28 Last Checked: Oct 28 at 3:47PM

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 Park Square Realty

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Investment Insights

Based on property information with market context.

This 6,006-square-foot apartment property contains six units and was built in 1907. The building has enclosed shared entry areas, with front and side exits served by recently installed concrete steps. Each apartment has separate utilities, and all units have been de-leaded. Off-street parking is available through a deeded right of way over the neighboring parcel.

The property is in Indian Orchard center, near the Ludlow bridge, with access to the Mass Pike. A PVTA bus stop is located across the street.

Exterior and interior updates include vinyl siding, replacement windows in most of the building, and gutters installed in 2021. The main front roof was replaced in 2018; the lower rear rubber roof dates to 2011. Chimneys were repointed in 2015, and the basement bulkhead was replaced around 2022. Most apartments have newer carpeting, and three bathrooms received vinyl flooring in 2025. Bathtubs have also been fitted with vinyl surrounds.

Key Highlights

  • Six apartments totaling 6,006 square feet; built in 1907
  • Separate utilities in every unit; all apartments de‑leaded
  • Off‑street parking via deeded right of way over the adjoining parcel

Property Analytics

Lease Details

6
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

675
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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Each apartment has separate utilities, and all six units have been de-leaded.
Where is this apartment building located?
The property is located at 399-401 Main Street Springfield, MA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Six apartments totaling 6,006 square feet; built in 1907; Separate utilities in every unit; all apartments de‑leaded; Off‑street parking via deeded right of way over the adjoining parcel
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