About this home
Investor opportunity in Indian Orchard! This occupied two-family generates $4,100 per month in current rent, or $49,200 annually. The property offers a four-bedroom unit and a two-bedroom unit, giving buyers an established income stream from day one. Tenants pay for heat and electricity; the owner pays for water. A massive walkout basement provides generous storage and potential for future value-add improvements, subject to buyer due diligence and approvals. Convenient to neighborhood shops, restaurants, public transportation, the Indian Orchard Branch Library, Cottage Hill Park and Myrtle Street Park, with access to Route 20, I-291 and the Mass Pike. Add an income-producing property with room to explore further potential to your portfolio!
Listing last checked: Listing updated:
Listed by The Colondres Group · Lock and Key Realty Inc. · MLS #73598432
Request property information
Select a document to start a request. You can add others in the form. Availability varies.
Details at a glance
Interior3 property facts
- Rooms
- 10
- Heating
- Baseboard, Natural Gas
- Basement
- Yes · Full, Unfinished
Building4 property facts
- Style
- 2 Family - 2 Units Up/Down
- Year built
- 1913
- Parking
- 4
- Foundation
- Block
Land & utilities5 property facts
- Lot size
- 0.19 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- B-1
Financial2 property facts
- Annual taxes
- $5,106
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $430,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$2,600 / monthAdjust
- Principal & interest
- $2,174
- Property tax
- $426
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $5,106. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Automated value estimate $398,000
Estimated range $346,000–$467,000.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: average
Explore more of Springfield
Continue your search in Springfield.
Need help making sense of this home?
About 74 Oak Street
Can I request a private showing?
Request a tour of 74 Oak Street and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
Availability varies by property and source. Request the documents you need and we will help obtain what is available.