201 Main St, Springfield MA 01151
Springfield, MA 01151
$475,000
$450,000
Est. $2,978/month
Track this home for price, status, and open-house alerts.
About this home
Motivated seller!! Welcome to 201 Main Street in Indian Orchard! A fantastic investment opportunity! This three-family home offers spacious 3-bedroom units on each floor, with one vacant unit ready for an owner-occupant or new tenant. Each apartment features generous layouts, separate utilities, and strong rental potential, making this property a true cash cow. Separate utilities! Conveniently located near bus routes, shopping centers, and local amenities, this multifamily is just a 5-minute drive to Boston Road’s new Springfield Crossing Center, offering easy access to restaurants, retail, and more. Whether you’re looking to expand your portfolio or live in one unit while tenants help pay the mortgage, this property is a smart and strategic choice. Don’t miss out on this income-producing gem in a prime location!
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
5.3%
Price Range
Property Timeline
Showing Instructions Updated
Jul 25, 2026
New showing requirements
Price Reduced
Jul 21, 2026
$450,000
$25,000
(-5.26%)
From $475,000 to $450,000 (-5.3%)
Listed for Sale
May 30, 2026
$475,000
Original listing
Agent: Sheila Perez
Office: Naples Realty Group
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/25/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 07/21/2026 | ↓ Price Reduced | $450,000 | $25,000 | - | From $475,000 to $450,000 (-5.3%) |
| 05/30/2026 | 🏠 Listed for Sale | $475,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $6,031 | $384,600 |
Financial Details
Annual Property Tax
$6,031
Tax Year 2025
Assessed Value
$384,600
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1909
Living Area
3,801 sq ft
Lot Size
0.07 acres
Bedrooms
9
Full Baths
3
Total Rooms
15
Investment Metrics
Units
3
Unit 1 Rent
$1,325/mo · Y
Unit 2 Rent
— · N
Unit 3 Rent
$1,000/mo · N
Total Monthly Rent
$2,325/mo
Gross Income
$27,900
Net Operating Income
$27,900
Cap Rate
6.20%
Interior
Heating
None
Cooling
None
Flooring
Vinyl, Carpet
Appliances
None
Fireplace
None
Basement
Full
Laundry
None
Features
None
Exterior
Construction
Stone
Architecture
None
Roof
Shingle, Tar/gravel
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
None
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$6,031
Assessed Value
$384,600
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
Seller Has Never Resided In Property. Tenants Are On A Month To Month Lease.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Hampden
Total market time (incl. prior listings)
209 days
Property Overview
Property Type
3 Family
Listing Type
For Sale
Year Built
1909
Bedrooms
9
Full Bathrooms
3
Living Area
3,801 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,801 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Vinyl, Carpet
Appliances:
Interior Features:
Windows:
Insulated Windows
Basement:
Full
Laundry:
Security:
Construction & Materials
Year Built:
1909
Structure Type:
Exterior Materials:
Stone
Roof:
Shingle, Tar/Gravel
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Easements
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
School District
Springfield School District local
D
Where Graduates Go
Class of 2021
36%
attend college
20%
4-Year
16%
2-Year
3%
Out of State
3%
Working
School Safety
2024-25
5.9%
Above Average
5.1%
Suspensions
1.4%
In-School
0.8%
Emergency
0.4% above state avg
Elementary Schools
10 schools
C
Springfield International Charter School
2.4 mi
|
#279 of 346
|
Score: 43.4
Improved 37 spots from last year
-14.8 below state avg
1,511 students
Diverse
High Graduation Rate
Rising School
College Ready Curriculum
Diverse Student Body
Grades K-12
A+
Springfield Preparatory Charter School
2.8 mi
|
#2 of 16
|
Score: 48.6
Improved 94 spots from last year
-9.7 below state avg
486 students
Moderate
Rising School
Grades K-08
Mill Pond School
3.2 mi
Grades PK-12
Grace Academy
3.3 mi
Grades K-12
Pioneer Valley Montessori School
3.7 mi
Grades PK-06
Pioneer Valley Christian Academy
3.9 mi
Grades PK-12
D
The Springfield Virtual School
4.3 mi
|
#330 of 346
|
Score: 26.8
Improved 7 spots from last year
-31.4 below state avg
250 students
Moderate
College Ready Curriculum
Grades PK-12
Academy Hill School
4.7 mi
Grades PK-08
St. Michael's Academy
4.9 mi
Grades PK-08
A
Alfred G. Zanetti Montessori Magnet School
5.2 mi
|
#3 of 16
|
Score: 47.5
Improved 137 spots from last year
-10.7 below state avg
432 students
Diverse
Rising School
Grades PK-08
Middle Schools
10 schools
C
John J. Duggan Middle School
3.4 mi
|
#266 of 346
|
Score: 44.7
Improved 20 spots from last year
-13.5 below state avg
823 students
Diverse
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
F
John F Kennedy Middle School
0.6 mi
|
#339 of 352
|
Score: 26.5
Dropped 2 spots from last year
-31.7 below state avg
366 students
Moderate
Grades 06-08
C+
STEM Middle Academy
3.8 mi
|
#12 of 16
|
Score: 26.4
Improved 298 spots from last year
-31.8 below state avg
269 students
Diverse
Rising School
Grades 06-08
C
Van Sickle Prep School
4.2 mi
|
#13 of 16
|
Score: 23.5
Improved 332 spots from last year
-34.7 below state avg
206 students
Moderate
Rising School
Grades 06-08
B-
Van Sickle Academy
4.2 mi
|
#10 of 16
|
Score: 28.3
Improved 340 spots from last year
-29.9 below state avg
262 students
Moderate
Rising School
Grades 06-08
F
Kiley Prep
4.2 mi
|
#351 of 352
|
Score: 22.0
Improved 9 spots from last year
-36.2 below state avg
298 students
Diverse
Grades 06-08
C-
Kiley Academy
4.2 mi
|
#15 of 16
|
Score: 21.9
Improved 340 spots from last year
-36.3 below state avg
268 students
Diverse
Rising School
Grades 06-08
Springfield Commonwealth Academy
5.7 mi
Grades 06-08
F
Forest Park Middle School
6.0 mi
|
#343 of 352
|
Score: 25.3
Improved 16 spots from last year
-32.9 below state avg
282 students
Diverse
Grades 06-08
Springfield Middle School
6.0 mi
18 students
Less Diverse
Grades 06-08
High Schools
10 schools
C-
Baystate Academy Charter Public School
2.8 mi
|
#314 of 346
|
Score: 34.8
Improved 29 spots from last year
-23.5 below state avg
388 students
Moderate
Rising School
College Ready Curriculum
Grades 06-12
C
The Springfield Renaissance School an Expeditionary Learning School
4.2 mi
|
#274 of 346
|
Score: 44.0
Improved 7 spots from last year
-14.3 below state avg
593 students
Diverse
High Graduation Rate
College Ready Curriculum
Grades 06-12
C
Emergence Academy
5.3 mi
|
#21 of 25
|
Score: 25.5
Improved 356 spots from last year
-32.7 below state avg
382 students
Diverse
Rising School
Diverse Student Body
Grades 06-12
C-
Conservatory of the Arts
5.5 mi
|
#303 of 346
|
Score: 37.5
Improved 2 spots from last year
-20.7 below state avg
296 students
Moderate
College Ready Curriculum
Grades 06-12
C-
Libertas Academy Charter School
5.9 mi
|
#292 of 346
|
Score: 40.6
Improved 52 spots from last year
-17.7 below state avg
563 students
Moderate
7 sports
• 134 athletes
Rising School
Strong Attendance
Grades 06-12
F
Springfield Public Day High School
0.3 mi
|
#334 of 346
|
Score: 23.6
Dropped 83 spots from last year
-34.6 below state avg
65 students
Moderate
College Ready Curriculum
Grades 09-12
C
Springfield Central High School
3.2 mi
|
#262 of 346
|
Score: 45.2
Improved 37 spots from last year
-13 below state avg
1,983 students
Diverse
17 sports
• 1,176 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Strong Athletics
Grades 09-12
A
Roger L. Putnam Vocational Technical Academy
3.7 mi
|
#6 of 25
|
Score: 48.8
Improved 257 spots from last year
-9.4 below state avg
1,382 students
Moderate
High Graduation Rate
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
F
Springfield International Academy at Sci-Tech
3.8 mi
|
#338 of 346
|
Score: 21.5
Dropped 38 spots from last year
-36.7 below state avg
95 students
Diverse
Career Tech Programs
College Ready Curriculum
Grades 09-12
C-
Springfield High School of Science and Technology
3.8 mi
|
#306 of 346
|
Score: 37.1
Improved 4 spots from last year
-21.1 below state avg
1,091 students
Moderate
13 sports
• 870 athletes
Career Tech Programs
College Ready Curriculum
Grades 09-12
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Including down payment
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Monthly Payment Breakdown
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Property Tax
$503
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
201 Main St, Springfield MA 01151
Springfield, MA 01151
Listing Information
Listing Agent
Sheila Perez
Listing Office
Naples Realty Group
Office Phone
413-650-1314
Agent MLS ID
CN229943
Office MLS ID
AN6415
Listing Data Updated
Jul 25, 2026 1:27 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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