Active
1 Days on market
312-314 Main Street Springfield — Photo 1 of 20

312-314 Main Street Springfield — Photo 1 of 20

$745,000

312-314 Main Street, Springfield, MA 01151

Springfield, MA 01151 — Indian Orchard

Beds

14

Baths

6

SqFt

5,950

Style

5+ Family - 5+ Units Side by Side

Built

1997

This has consistently been a good cash flow property. Tenants pay their own heat (gas) and electric. #314 Main St. is a newer four family built in 1997. Each unit has four rooms two bedrooms and one bath. Rented at $1,500.00 each. All 4 are rented. #312 Main St. is a two family constructed 1914. There is a letter of lead compliance for each unit. Each unit has 5 rooms 3 bedrooms and a large porch. Second floor rented at $1550.00. First floor is being kept vacant for showings. The first 9 photos are #314 Main St. Remaining photos #312 Main Street.Front portion of property zoned business. There is room for a duplex or other business to be built.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$125/sqft
Local Avg (Springfield)$147/sqft
15% BelowMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Springfield, MA.

Property Details

Financials

Original Price$745,000
Annual Taxes$10,120

Parking

Garage0
Off-Street12

Interior Specifications

Total Rooms22
FireplacesNone
FlooringWood, Tile, Varies, Laminate
BasementInterior Entry

Climate & Utilities

HeatingForced Air, Natural Gas
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter, Block
ZoningSR3B1

Property & Lot

Acres0.48
SqFt Lot20,773
Lot Features--

Amenities & Appliances

Range • Refrigerator

Geography

Population

9,606

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$55K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

53.3%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Hampden County

359 housing units permitted in the last 12 months (+20% vs the prior 12 months) — 74 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Alfred C. Joyce Jr.

Listing Office: Rose Bud Realty

MLS® Number: 73575245

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