K
Seller's Agent in 2025
Kevin Li
MP Signature Realty LLC
(781) 322-6928
9 in this area
21 Total Sales
403 Orange St Springfield, MA 01108
Forest Park Neighborhood
8
Beds
6
Baths
6,400
Sq Ft
10,001
Sq Ft Lot
Highlights
- Property is near public transit
- Home Office
- Bathtub
- Wood Flooring
- Porch
- Living Room
About This Home
As of October 2025Turn-key 6-family investment in Springfield generating over $91K in annual gross rental income. All six units are currently rented, offering immediate cash flow. 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,513
Year Built
- Built in 1911
Home Design
- Block Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 6,400 Sq Ft Home
- Living Room
- Home Office
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Range
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Full Bathrooms
- Bathtub
- Separate Shower
Parking
- 12 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Utilities
- Heating Available
- Separate Meters
Additional Features
- Porch
- 10,001 Sq Ft Lot
- Property is near public transit
Listing and Financial Details
- Total Actual Rent $7,625
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Assessor Parcel Number S:09340 P:0091,2599078
Community Details
Overview
- 6 Units
- Property has 1 Level
Recreation
- Park
Building Details
- Net Operating Income $91,500
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/29/2025 10/29/25 | Sold | $650,000 | -4.3% | $102 / Sq Ft | |
| 08/19/2025 08/19/25 | Pending | -- | -- | -- | |
| 04/22/2025 04/22/25 | For Sale | $679,000 | +80.6% | $106 / Sq Ft | |
| 11/19/2021 11/19/21 | Sold | $376,000 | +4.5% | $59 / Sq Ft | View Prior Sale |
| 09/21/2021 09/21/21 | Pending | -- | -- | -- | |
| 09/15/2021 09/15/21 | For Sale | $359,900 | +14.6% | $56 / Sq Ft | |
| 05/24/2019 05/24/19 | Sold | $314,000 | -4.8% | $49 / Sq Ft | View Prior Sale |
| 04/17/2019 04/17/19 | Pending | -- | -- | -- | |
| 03/19/2019 03/19/19 | Price Changed | $329,900 | -3.0% | $52 / Sq Ft | |
| 03/05/2019 03/05/19 | For Sale | $340,000 | +89.9% | $53 / Sq Ft | |
| 01/24/2014 01/24/14 | Sold | $179,000 | 0.0% | $28 / Sq Ft | View Prior Sale |
| 12/25/2013 12/25/13 | Pending | -- | -- | -- | |
| 10/15/2013 10/15/13 | For Sale | $179,000 | -- | $28 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,428 | $473,700 | $32,100 | $441,600 |
| 2024 | $7,513 | $467,800 | $32,100 | $435,700 |
| 2023 | $6,885 | $403,800 | $29,200 | $374,600 |
| 2022 | $6,613 | $351,400 | $27,300 | $324,100 |
| 2021 | $6,356 | $336,300 | $24,800 | $311,500 |
| 2020 | $5,638 | $288,700 | $24,800 | $263,900 |
| 2019 | $4,339 | $220,500 | $23,200 | $197,300 |
| 2018 | $4,097 | $208,200 | $22,300 | $185,900 |
| 2017 | $3,889 | $197,800 | $21,800 | $176,000 |
| 2016 | $4,022 | $204,600 | $21,800 | $182,800 |
| 2015 | $3,875 | $197,000 | $21,800 | $175,200 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin Li
-
Michael Lima
Buyer's Agent in 2025
Michael Lima
Executive Real Estate, Inc.
(413) 262-4634
4 in this area
34 Total Sales
-
John Popp
Seller's Agent in 2021
John Popp
Keller Williams Boston MetroWest
(508) 655-3300
1 in this area
126 Total Sales
-
Marc Murphy
Seller's Agent in 2019
Marc Murphy
Lock and Key Realty Inc.
(413) 372-3785
1 in this area
13 Total Sales
-
D
Seller's Agent in 2014
Diane France
Keller Williams Realty
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73362578
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