403 Orange St Springfield, MA 01108
Forest Park NeighborhoodEstimated payment $4,244/month
Highlights
- Property is near public transit
- Home Office
- Bathtub
- Wood Flooring
- Porch
- Living Room
About This Home
Turn-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
- 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
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| 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)
MLS Number: 73362578
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