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
10,019
Sq Ft
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
| 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
38 Total Sales
-
The Popps Properties Group
T
Seller's Agent in 2021
The Popps Properties Group
Keller Williams Boston MetroWest
(617) 916-1646
1 in this area
111 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
-
John Popp
Buyer's Agent in 2019
John Popp
Keller Williams Boston MetroWest
(617) 916-1646
23 Total Sales
-
D
Seller's Agent in 2014
Diane France
Keller Williams Realty
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73362578
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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