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74 Oak Street, Springfield MA 01151

$430,000

Estimated $1,123/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $215,000

Total Rent: 49200/year

Estimated CAP Rate:

6 Bedrooms

Baths

2484

Total Parking: 4

8,398 (0.19)

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!

This home has been viewed 3 times

Last Checked: November 4th, 2026 at 11:13am (Source: MLS PIN #73598432)

Gross Income: $49,200

Gross Expenses: $5,106

Net Income Calc: $44,094

Annual Expenses for 74 Oak Street, Springfield MA 01151

Total Gross Expenses (Calculated)$5,106/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5106

Annual Income & Unit Breakdown for 74 Oak Street, Springfield MA 01151

Total Gross Income (Calculated)$49,200

Unit 1

Rental Income$0

LeaseY

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 74 Oak Street, Springfield MA 01151

Listing ID73598432

Property TypeMulti Family / 2 Family

Price430000 ($173.11/SqFt)

Style2 Family - 2 Units Up/down

CitySpringfield

CountyHampden

Neighborhood(s)

Approximate Living Area Total2484

Approximate Lot Size (Acres)0.19

Total Parking4

Garage Parking0

Year Built1913

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningB-1

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 74 Oak Street, Springfield MA 01151

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWall Mounted Tv's-Brackets To Remain

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 74 Oak Street, Springfield MA 01151

Real Estate Taxes5106

Tax Year2025

Assessed Value$271,600

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 74 Oak Street, Springfield MA 01151

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 74 Oak Street, Springfield MA 01151

Agent

Name: The Colondres Group

Office

Name: Lock and Key Realty Inc.

Phone: 413-282-8080

Team Members

Name: Carlos Colondres

Payment Calculator

, Interest

Property Taxes 425.5

Principal & Interest 2649.52

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lock and Key Realty Inc.

The Colondres Group

Agent Phone

Office Phone

(413) 282-8080

Text Agent Call Agent Call Office

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    [unparsed] => 74 Oak Street, Springfield MA 01151
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EXIT

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