Technical
Financial
Distress signals
Property profile

295 Main St Springfield, MA 01151

FOR SALE
Duplexes
Property ID
US38-0058221
1,200 SF Built 1900
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Property summary

AI-generated overview

Now fully vacant and ready for its next owner, this well-maintained 2-family property presents an exceptional opportunity for both owner-occupants and investors. With both 2-bedroom, 1-bath units delivered vacant at closing, you have the flexibility to occupy one unit while generating rental income from the other or lease both units at today's market rates.Each apartment offers a functional floor plan with spacious living areas, generously sized bedrooms, and abundant natural light. Off-street parking provides added convenience for residents and guests.Located on a double lot in a B1 zoning district, this property offers additional outdoor space and potential for future expansion or redevelopment, subject to buyer verification and municipal approvals. Lead compliance certificates are available for both units.Ideally situated with easy access to Interstate 291, the Massachusetts Turnpike (I-90), downtown Springfield, and major employers, the location is convenient for commuters and tenants alike. Nearby amenities include shopping, restaurants, grocery stores, schools, public transportation, Five Mile Pond Park, Forest Park, the Basketball Hall of Fame, MGM Springfield, and the Springfield Museums.Whether you're looking to house hack, expand your investment portfolio, or own a fully vacant multi-family with strong income potential and future possibilities, this property is ready to deliver. Don't miss this rare opportunity-schedule your private showing today!

Property profile

Verified
Property type Duplexes
Year built 1900
Total area 1,200 SF
UPID US38-0058221

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

295 Main St Springfield, MA 01151
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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