Turn-key 6-family investment in Springfield generating over $91K in annual gross rental income, with five units rented and one freshly updated, rent-ready unit vacant. The property includes two 2-bedroom units and four oversized 1-bedroom units, each with a bonus office/den. Most units have been renovated with new vinyl plank flooring, updated kitchens, and modernized bathrooms. Tenants pay all utilities, with separate electric and gas meters; owner covers water/sewer. Lead certificates are available for two units. Situated on a 10,000 sq ft lot with a paved parking area for 12 vehicles, offering potential for additional rental income or future development. Professionally managed and well-maintained, this asset presents strong cash flow with long-term upside.
For sale
$679,000
403 Orange St, Springfield, MA 01108
8beds
6,400sqft
Est.:
5-9 Family
Built in 1911
-- sqft lot
$-- Zestimate®
$106/sqft
$-- HOA
What's special
Updated kitchensModernized bathrooms
- 57 days
- on Zillow |
- 387 |
- 32 |
Zillow last checked: 7 hours ago
Listing updated: April 30, 2025 at 10:09am
Listed by:
Kevin Li,
MP Signature Realty LLC,
Kevin Li
Source: MLS PIN,MLS#: 73362578
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Electric
Features
- Upgraded Cabinets, Bathroom With Tub, Remodeled, Bathroom with Shower Stall, Living Room, Kitchen, Office/Den
- Flooring: Wood, Vinyl, Carpet, Varies
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 6,400
- Total interior livable area: 6,400 sqft
- Finished area above ground: 6,400
Property
Parking
- Total spaces: 12
- Parking features: Paved Drive, Off Street, Paved
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch
Lot
- Size: 10,001 Square Feet
Details
- Parcel number: S:09340 P:0091,2599078
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Frame
- Foundation: Block
- Roof: Shingle
Condition
- Year built: 1911
Utilities & green energy
- Electric: Circuit Breakers, Common, Individually Metered
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Park, Highway Access
Location
- Region: Springfield
Financial & listing details
- Price per square foot: $106/sqft
- Tax assessed value: $467,800
- Annual tax amount: $7,513
- Date on market: 4/22/2025
- Total actual rent: 7625
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