403 Orange St new Save Request In-Person Tour Request Virtual Tour
Springfield,MA 01108
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,400 sqft
Price per Sqft $106
MLS Listing ID 73362578
Bedrooms 8
Full Baths 6
Year Built 1911
Annual Tax Amount $7,513
Tax Year 2024
Lot Size 10,018 Sqft
Property Sub-Type 5-9 Family
Property Description
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. Open House: Sunday, April 27th from 12:00–1:00 PM.
Location
State MA
County Hampden
Zoning R2
Interior
Heating Electric
Flooring Wood,Vinyl,Carpet,Varies
Exterior
Community Features Public Transportation,Park,Highway Access
Roof Type Shingle
Building
Story 9
Foundation Block
Sewer Public Sewer
Water Public