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6 Beds
2 Baths
2,484 sqft

$430,000

74 Oak Street, Springfield MA, 01151

Price per sqft$173.11
Built in1913
Property size2,484 sqft
Property typeMulti-family

Overview

Active

New

Listed Nov 3, 2026

Updated 14h ago

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!

$2,861/mo

Est. mortgage payment based on a $430,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
73598432

Interior Features

Bedrooms
6
Bathrooms
2
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.19 Acres

Other Property Details

Taxes
$5,106
Tax Frequency
Annually
55+/Senior Community
No

This listing is provided by The Colondres Group with Lock and Key Realty Inc.

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Data last updated 8:38 AM UTC, 11/4/2026

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