201 Main St, Springfield, MA, 01151
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!
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1909
Materials
- Foundation: Stone
- Roof: Shingle,Tar/Gravel
- Construction materials: Stone
Type & Style
- Home type: MultiFamily
- Property subType: 3 Family
Interior
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Features
- Window features: Insulated Windows
- Flooring: Vinyl,Carpet
- Finished area above ground: 3,801
Interior Area
- Total structure area: 3,801
- Total interior livable area: 3,801 sqft
Property
Details
- Parcel number: S:08132 P:0272,4629593
- Zoning: B1
Features
- Patio & porch: Porch
Lot
- Lot size: 2,879 sqft
- Features: Easements
Parking
- Parking features: Open
- Has uncovered spaces: Yes
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 | $2,275 | $27,300 |
| Home Insurance * | $261 | $3,132 |
| Property Taxes | $587 | $7,044 |
| Electricity | $749 | $8,994 |
| Total | $3,872 | $46,464 |
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 |
|---|---|---|
| 2026-07-21 | Price change | $450,000 |
| 2026-05-30 | Listed for sale | $475,000 |
| 2026-04-05 | Listing removed | $484,900 |
| 2026-03-15 | Price change | $484,900 |
| 2026-01-13 | Price change | $489,900 |
| 2025-11-05 | Listed for sale | $499,900 |
| 2019-05-02 | Listing removed | $250,000 |
| 2019-04-30 | Pending sale | $250,000 |
| 2019-04-30 | Listed for sale | $250,000 |
| 2017-08-22 | Sold | $80,000 |
| 2017-06-08 | Listed for sale | -- |
| 2007-07-25 | Sold | $175,000 |
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