403 Orange St
$679,000
8
Beds
6
Baths
6,400
Sqft
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$679,000
8
Beds
6
Baths
6,400
Living Area
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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.
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Highlights
- Heating: Electric
- Parking Spots: 12
- Property Type: 5-9 Family
- Total Rooms: 24
- Status: Active
- Levels: 9
- Property Class: Residential Income
- Stories: 9
- Year Built: 1911
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Frame
- Foundation: Block
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: R2
- Basement: Full, Unfinished
- Flooring: Wood, Vinyl, Carpet, Varies
- Interior Features: Upgraded Cabinets, Bathroom With Tub, Remodeled, Bathroom with Shower Stall, Living Room, Kitchen, Office/Den
- Roof: Shingle
- Total Number of Units: 6
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Park, Highway Access
- Parking Features: Paved Drive, Off Street, Paved
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Utilities
- Electric: Circuit Breakers, Common, Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $467,800
- Compensation Based On: Net Sale Price
- Tax Year: 2024
- Total Rent: $7,625
- Buyer Agent Compensation: 2%
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $7,513
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Content © 2025 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of MP Signature Realty LLC.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.