295 Main St, Springfield, MA, 01151
About This Home
This solid 2-family property in Indian Orchard features two well-sized 2-bedroom, 1-bath units, each offering a functional layout, comfortable living space, and strong rental appeal. The first-floor unit is currently vacant, creating an excellent opportunity for an owner-occupant to move right in or for an investor to place a new tenant at today’s market rent. The home has been well maintained and presents a great option for buyers looking for steady multi-family income. Off-street parking adds convenience for both units. Located in a B1 zoning district in Indian Orchard, the property offers a variety of potential permitted uses based on municipal guidelines (buyer to verify all allowable uses with the town). The property also sits on a double lot, providing additional exterior space and the potential for additional units or expansion with proper approvals (buyer to perform all due diligence with local departments). Lead compliance certificates are available for both units.
Getting Around
Somewhat Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Concrete Perimeter,Block
- Roof: Shingle
- Construction materials: Brick,Stone
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Full,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Finished area above ground: 1,200
Interior Area
- Total structure area: 1,200
- Total interior livable area: 1,200 sqft
Property
Details
- Parcel number: 3215856
- Zoning: B1
Features
- Patio & porch: Porch,Deck
- Exterior features: Balcony,Rain Gutters
- Has view: Yes
- View description: City View(s)
Lot
- Lot size: 10,018 sqft
- Features: Level
Parking
- Total spaces: 6
- Parking features: Paved Drive,Off Street,Stone/Gravel
- Has uncovered spaces: Yes
- Uncovered spaces: 6
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,845 | $22,140 |
| Home Insurance * | $211 | $2,532 |
| Property Taxes | $472 | $5,664 |
| Electricity | $354 | $4,259 |
| Total | $2,882 | $34,584 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-11-14 | Listed for sale | $365,000 |
| 2025-09-01 | Listing removed | $365,000 |
| 2025-05-29 | Listed for sale | $365,000 |
| 2025-01-30 | Listing removed | $375,000 |
| 2024-08-25 | Listed for sale | $375,000 |
| 2022-06-03 | Listing removed | -- |
| 2022-02-19 | Listed for sale | $299,000 |
| 1999-04-30 | Sold | $25,000 |
For Sale by Agent
View on Zillow