399-401 Main St, Springfield MA 01151

Springfield, MA 01151
$649,000
Est. $4,261/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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13
Beds
6
Baths
6,006
Sq Ft
$108
Price/Sq Ft
0.12
Acres
1907
Year Built
6
Parking
New today
Time on Market
For Sale Listed Oct 26, 2026 • MLS# 73595281 Copied! • Updated Oct 26, 2026

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About this home

Great INVESTMENT Property with solid rental history and long term tenants (current rents are below market rates). It is a 6 family residence with enclosed Common Entrances, both front and side exits have new concrete steps. Located in a convenient area of Indian Orchard center, near the Ludlow bridge with easy access to the Mass pike and the PVTA bus stop directly across the street... All units have been De-Leaded and each have separate utilities. Easy maintanence Vinyl Siding, new Gutters (2021), basement Bulkhead (apo 2022), repointed Chimneys (2015), and almost all newer replacement Windows. Asphalt shingled main front roof was done in 2018 and the rubber roof on the lower back of the building in 2011. There is newer carpeting in most apartments and brand new vinyl flooring (2025) in 3 bathrooms; all Bathtubs were replaced with vinyl surrounds in recent years. Parking is off-street ~ with a Deeded Right of Way on the adjoining property parcel.

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Price & Status History

Property Timeline

🏠
Listed for Sale
Oct 26, 2026
$649,000
Original listing
Agent: Terry Hooper Office: Park Square Realty

Tax History

Year Taxes Assessment
2015 $9,350 $592,400

Financial Details

Annual Property Tax
$9,350
Tax Year 2015
Assessed Value
$592,400

Facts & Features

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1907
Living Area 6,006 sq ft
Lot Size 0.12 acres
Stories 5
Bedrooms 13
Full Baths 6
Total Rooms 25

Investment Metrics

Units 6
Unit 1 Rent $900/mo · N
Unit 2 Rent $900/mo · N
Unit 3 Rent $900/mo · Y
Unit 4 Rent $900/mo · N
Total Monthly Rent $3,600/mo
Gross Income $64,850
Net Operating Income $47,245
Operating Expenses $17,006
Water/Sewer Expense $4,118
Electric Expense $611
Insurance Expense $9,752
Cap Rate 7.28%
Heating None
Cooling None
Flooring Wood, Vinyl, Carpet
Appliances None
Fireplace None
Basement Full, Interior Entry, Bulkhead, Concrete
Laundry None
Features None
Construction Frame
Architecture None
Roof Shingle, Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch Enclosed
Features Off Street, Common
Total Spaces 6
Electric Circuit Breakers, Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other Varies Per Unit

Financial

Annual Tax $9,350
Assessed Value $592,400
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Yes, Certified Treated
Seller Disclosures Appliances Vary Per Unit, As Does Square Footage.there Is An Easement On The Property Of #397 Driveway For Access To The Back Parking (1 Parking Spot Per Apartment). Sellers Have Never Occupied
Exclusions Appliances In All Units Are Owned By Sellers, Except Window Air Conditioners & Appliances In One Apt
Possession None
Accepted Financing Contract
Structure Type []
House Color beige
Sq Ft Source Public Record
Sq Ft Disclosures sq ft is approximate
Documents None
County Hampden

Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1907
Bedrooms
13
Full Bathrooms
6
Living Area
6,006 sq ft
Total Rooms
25
Stories
5
Levels
5

Floor Layout

Interior Features

Flooring: Wood, Vinyl, Carpet
Appliances:
Interior Features:
Windows:
Basement: Full, Interior Entry, Bulkhead, Concrete
Laundry:
Security:

Construction & Materials

Year Built: 1907
Structure Type:
Exterior Materials: Frame
Roof: Shingle, Rubber
Foundation: Block, Stone
Stories: 5

Utilities & Systems

Heating:
Cooling:
Hot Water: Natural Gas, Electric, Tank, Varies Per Unit
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Enclosed
Fencing:
Other Structures:
Lot Features: Cleared, Level
Road Surface: Paved

Parking & Garage

Total Parking Spaces: 6
Parking Features: Off Street, Common

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $779
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

399-401 Main St, Springfield MA 01151

Springfield, MA 01151

Listing Information

Listing Agent Terry Hooper
Listing Office Park Square Realty
Office Phone 413-568-9226
Agent MLS ID CN215953
Office MLS ID M36300
Listing Data Updated Oct 26, 2026 7:45 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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