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.
Multi-familyProperty Type
1911Year Built
10,001 sq ftLot Size
$102Price/Sq.Ft.
12 spacesParking
Listed by Kevin Li• MP Signature Realty LLC
Bought with Michael Lima• Executive Real Estate, Inc.
Welcome to 403 Orange Street and this large 6-Family Style home located in the Forest Park area of Springfield. This property is perfect for investors looking for a solid building on an oversized lot with expansion potential. All the units have 2 bedrooms with 1 bath, hardwood floors throughout. Separate utilities & Lead Certificates for most units. 48 Hour advance notice for all showings. Current rents total $4,900/mo (1L $850, 2L $850, 3L $775, 1R $800, 2R $850, 3R $725). how to access adobe files on a mac
MLS PIN #72460769
May 24, 2019
Sold
$314,000
$49/sq ft
Mar 5, 2019
Listed
$329,900
$52/sq ft
6 Family home located in Forest Park. All units are two bedrooms with the bedrooms being tandem and hardwood floors throughout. There is electric heat throughout with tenants responsible. Lead Certificates available for all units. Bring your ideas for the additional parcel to the right of the property included. Monthly rent is $4,695.
MLS PIN #71597541
Jan 24, 2014
Sold
$179,000
$28/sq ft
Oct 15, 2013
Listed
$179,000
$28/sq ft
MLS PIN #70881844
Dec 15, 2009
Sold
$162,000
$25/sq ft
Mar 1, 2009
Listed
$169,900
$27/sq ft
MLS PIN #70232191
Apr 2, 2007
Sold
$212,500
$33/sq ft
Jul 27, 2005
Listed
$229,900
$36/sq ft
MLS PIN #30621117
Oct 11, 2002
Sold
$112,900
$18/sq ft
Jun 27, 2002
Listed
$109,900
$17/sq ft
Public Records
Jul 20, 2001
Sold
$110,000
$17/sq ft
Public Records
Jun 30, 2000
Sold
$108,000
$17/sq ft
MLS PIN #30401393
Jul 3, 2000
Sold
$35,000
$5/sq ft
Apr 12, 2000
Listed
$55,500
$9/sq ft
Public Records
Apr 14, 1997
Sold
$90,000
$14/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$6,885 (+4.1%)
$29,200 + $374,600
$403,800
2022
$6,613 (+4.0%)
$27,300 + $324,100
$351,400
2021
$6,356 (+12.7%)
$24,800 + $311,500
$336,300
2020
$5,638 (+29.9%)
$24,800 + $263,900
$288,700
2019
$4,339 (+5.9%)
$23,200 + $197,300
$220,500
2018
$4,097 (+5.3%)
$22,300 + $185,900
$208,200
2017
$3,889 (−3.3%)
$21,800 + $176,000
$197,800
2016
$4,022 (+3.8%)
$21,800 + $182,800
$204,600
2015
$3,875 (+13.6%)
$21,800 + $175,200
$197,000
2014
$3,410 (+8.5%)
$23,200 + $149,800
$173,000
2013
$3,142 (−0.6%)
$23,200 + $136,200
$159,400
2012
$3,161 (−6.3%)
$23,200 + $136,200
$159,400
2011
$3,374
$45,000 + $128,100
$173,100
Tax history for 403 Orange St
Year
Property tax
Land + Additions
Assessment*
2023
$6,885 (+4.1%)
$29,200 + $374,600
$403,800
2022
$6,613 (+4.0%)
$27,300 + $324,100
$351,400
2021
$6,356 (+12.7%)
$24,800 + $311,500
$336,300
2020
$5,638 (+29.9%)
$24,800 + $263,900
$288,700
2019
$4,339 (+5.9%)
$23,200 + $197,300
$220,500
2018
$4,097 (+5.3%)
$22,300 + $185,900
$208,200
2017
$3,889 (−3.3%)
$21,800 + $176,000
$197,800
2016
$4,022 (+3.8%)
$21,800 + $182,800
$204,600
2015
$3,875 (+13.6%)
$21,800 + $175,200
$197,000
2014
$3,410 (+8.5%)
$23,200 + $149,800
$173,000
2013
$3,142 (−0.6%)
$23,200 + $136,200
$159,400
2012
$3,161 (−6.3%)
$23,200 + $136,200
$159,400
2011
$3,374
$45,000 + $128,100
$173,100
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
12
Baths
—
Stories
3
Lot width
—
Lot depth
—
Lot size
10,019 Sq. Ft.
Year renovated
—
Sq. Ft.
6,400
Year built
1911
Style
Multi-Family (5+ Unit)
County
Hampden County
APN
2599078
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
RES B
Urban Residential District
Medium density residential, primarily single-family and twofamily
Permitted uses
Include but are not limited to:
Agriculture
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Other
Property details
Parking
Parking Information
Has Open Parking
Parking Spaces: 12
Parking Features: Paved Drive, Off Street, Paved
Interior
Bathroom Information
# of Bathrooms (Full): 6
Basement Information
Basement: Full, Unfinished
Interior Features
# of Rooms (Total): 24
Flooring: Wood, Vinyl, Carpet, Varies
Interior Features: Upgraded Cabinets, Bathroom With Tub, Remodeled, Bathroom with Shower Stall, Living Room, Kitchen, Office/Den