Great 6 unit investment property with gross rents of over $85K and rents expected to increase!! Professionally managed and clean building. Low maintenance units and they show very well. All large 1BR units with hardwood flooring. Gas heat for both 1st floor units and electric heat for the others. All units have gas cooking. Brand new front and back porches with decks. Buyer to verify all information.
Multi-familyProperty Type
1911Year Built
4,169 sq ftLot Size
$102Price/Sq.Ft.
Listed by Melinda Puzon• MP Signature Realty LLC
Bought with Ana Roque• Property Investors & Advisors, LLC
Investment property grossing over 55k! Fully rented, professionally managed, with rents expected to increase! Low maintenance units, 1br apartments with hardwood flooring. Gas heat for two units and electric heat for the other four. Attic unfinished. Buyer to verify all information.
MLS PIN #71995217
Jun 2, 2017
Sold
$235,000
$38/sq ft
Apr 27, 2016
Listed
$254,500
$41/sq ft
+24
Money making opportunity with this 6 family with a current gross annual income of $46,800 per year. An increase in rent could put you at a gross over 50k! Vinyl siding for easy maintenance and main roof is around 10yrs. Lower roof is under 2yrs old. Easy to rent four room, one bedrooms units with hardwood flooring. Gas heat for two units and electric heat for the other four. Well maintained by long term owner. Property also has emergency lighting in halls as well as security cameras. Attic is unfinished and may have some potential for living space. Buyer to verify.
MLS PIN #30755540
Dec 23, 2003
Sold
$172,500
$28/sq ft
Aug 11, 2003
Listed
$179,900
$29/sq ft
MLS PIN #30652205
Nov 7, 2002
Sold
$145,000
$24/sq ft
Sep 28, 2002
Listed
$169,900
$28/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$6,800 (+17.5%)
$26,500 + $372,300
$398,800
2022
$5,787 (+6.2%)
$24,800 + $282,700
$307,500
2021
$5,447 (+11.5%)
$22,500 + $265,700
$288,200
2020
$4,886 (+1.4%)
$22,500 + $227,700
$250,200
2019
$4,820 (+5.9%)
$22,500 + $222,400
$244,900
2018
$4,552 (+5.4%)
$21,700 + $209,600
$231,300
2017
$4,319 (+7.4%)
$21,100 + $198,600
$219,700
2016
$4,022 (+3.8%)
$21,100 + $183,500
$204,600
2015
$3,875 (+13.6%)
$21,100 + $175,900
$197,000
2014
$3,410 (+8.5%)
$22,500 + $150,500
$173,000
2013
$3,142 (−0.6%)
$25,000 + $134,400
$159,400
2012
$3,161 (−11.0%)
$25,000 + $134,400
$159,400
2011
$3,551
$45,000 + $137,200
$182,200
Tax history for 427 Orange St
Year
Property tax
Land + Additions
Assessment*
2023
$6,800 (+17.5%)
$26,500 + $372,300
$398,800
2022
$5,787 (+6.2%)
$24,800 + $282,700
$307,500
2021
$5,447 (+11.5%)
$22,500 + $265,700
$288,200
2020
$4,886 (+1.4%)
$22,500 + $227,700
$250,200
2019
$4,820 (+5.9%)
$22,500 + $222,400
$244,900
2018
$4,552 (+5.4%)
$21,700 + $209,600
$231,300
2017
$4,319 (+7.4%)
$21,100 + $198,600
$219,700
2016
$4,022 (+3.8%)
$21,100 + $183,500
$204,600
2015
$3,875 (+13.6%)
$21,100 + $175,900
$197,000
2014
$3,410 (+8.5%)
$22,500 + $150,500
$173,000
2013
$3,142 (−0.6%)
$25,000 + $134,400
$159,400
2012
$3,161 (−11.0%)
$25,000 + $134,400
$159,400
2011
$3,551
$45,000 + $137,200
$182,200
*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
6
Baths
—
Stories
3
Lot width
—
Lot depth
—
Lot size
4,356 Sq. Ft.
Year renovated
—
Sq. Ft.
6,144
Year built
1911
Style
Multi-Family (5+ Unit)
County
Hampden County
APN
2599074
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
BUS A
General Business District
Main Street and pedestrian oriented shopping districts with residential allowed.
Permitted uses
Include but are not limited to:
Agriculture
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Other
Park & open space
Property details
Parking
Parking Information
Open Parking Spaces: 0
Interior
Bathroom Information
# of Bathrooms (Full): 6
Basement Information
Basement: Full, Bulkhead
Interior Features
# of Rooms (Total): 24
Flooring: Vinyl, Hardwood
Interior Features: Living Room, Dining Room, Kitchen
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #2 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #3 Information
# of Levels: 1
# of Floors: 2
Lease: Y
Unit #4 Information
# of Levels: 1
# of Floors: 2
Lease: Y
Exterior
Building Information
Building Area (Total): 6,144
Foundation Details: Brick/Mortar
Stories (Total): 5
Year Built Source: Public Records
Year Built Details: Approximate
Color: Light Blue
Exterior Features
Fencing: Fenced/Enclosed, Fenced
Roof: Shingle
Patio And Porch Features: Porch, Deck - Wood
Property Information
PropertySubType: 5-9 Family
Above Grade Finished Area: 6144
Levels: 5
Lot Information
Lot Size (Acres): 0.1
Lot Features: Level
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $7,073
Tax Year: 2025
Utilities
Utility Information
Utilities: for Gas Range
Sewer: Public Sewer
Water Source: Public
Electric: Circuit Breakers
Location
Location Information
Directions: Orange St near Allen
UnparsedAddress: 427 Orange St, Springfield MA 01108
Community Information
Senior CommunityYN: No
Public facts
Beds: 6
Baths: —
Sq. Ft.: 6,144
Stories: 3.0
Lot Size: 4,356 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1911
Year Renovated: —
County: Hampden County
APN: 2599074
Home facts updated by county records on Jul 19, 2023
Other
Listing Information
Exclusions: Tenants Personal Property
StandardStatus: Closed
Around this home
Schools
White Street School
Public PreK-5 • Assigned • 0.2mi
7/10
Springfield High School
Public 9-12 • Assigned • 0.5mi
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Springfield, MA • 01108
Average low and high temperatures (°F)
32
18
35
19
52
32
62
41
70
51
82
61
87
67
82
59
76
56
66
44
52
35
37
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.