390 Main St Hampden — Photo 1 of 36
Recent Drop: $50,000
$300,000
Investment Analysis — 390 Main St
Hampden, MA 01036
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01036 carries an estimated $2,030/mo in gross rent — about a 4.85% cap rate and $14,536/yr in estimated NOI at the $300,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,159
Style
Single Family
Built
1880
Find Your Way Home to a fresh opportunity at 390 Main Street! Back on the market with a brand-new well, brand-new septic system and a newly repositioned price of $300,000, this antique New England home offers a compelling opportunity for buyers looking to build equity while making a home their own. Built in 1880 and owned by the same family for generations, the home features 3 bedrooms, 1.5 baths and multiple living spaces, including a rear family room with access to the attached porch. Central air, central heat and a newer water heater provide added everyday comfort. Set on 1.13 acres extending to the scenic Scantic River, the property offers a wooded, private natural backdrop. With two major infrastructure improvements now completed, the next owner can focus on cosmetic updates and personal touches while enjoying the character, setting and potential this Hampden property has to offer.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 580 sq ft (the lesser of 900 sq ft or half the 1,159 sq ft principal dwelling). Lot size: 49,223 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Conservation Area • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Wood
Dining Room
Lvl FirstFlooring - Hardwood, Lighting - Overhead
Kitchen
Lvl FirstFlooring - Hardwood, Lighting - Overhead
Family Room
Lvl FirstFlooring - Hardwood, Lighting - Overhead
Master Bedroom
Lvl SecondCloset, Flooring - Laminate
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Bathroom 1
Lvl FirstFlooring - Wood, Lighting - Sconce
Bathroom 2
Lvl SecondFlooring - Vinyl, Lighting - Overhead
Property History
$300,000
Was $335,000
Aug 29, 2026
MLS® 73531243
$335,000
Was $350,000
Jul 13, 2026
MLS® 73531243
$350,000
Jun 10, 2026
MLS® 73531243
Listing Agent: Brett Castellano
Listing Office: Real Broker MA, LLC
MLS® Number: 73531243
