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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!

More Info

Basic Information

  • Gross Income $49,200
  • Lot Features Easements
  • Mls StatusNew
  • Parcel Number 2598316
  • Rent Includes Unit 1(Hot Water), Unit 2(Hot Water)

Location

  • Address74 Oak Street
  • Building Number74
  • CountyHampden
  • StateMA
  • StreetOak Street
  • TownSpringfield
  • Zip01151

Utilities

  • Heat SystemYes
  • Heating Baseboard, Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Amenities
    • Bike Path
    • Conservation Area
    • Highway Access
    • Laundromat
    • Park
    • Public School
    • Shopping
    • Walk/Jog Trails
  • Appliances IncludedRange, Refrigerator
  • Other AmenitiesBasement

Tax Information

  • Tax Assessed Value $271,600
  • Tax Year 2025
  • Taxes$5,106

Rooms

  • Bathroom2
  • Bathrooms Total Decimal 2
  • Bedrooms6
  • Full Bath2

Building

  • BasementFull, Unfinished
  • Building Area Units Square Feet
  • FoundationBlock
  • Levels 2
  • Rooms10
  • Stories2
  • Units2
  • Year Built1913
  • Year Built Details Actual
  • Year Built Source Public Records

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive
  • Parking Spaces4

Basic Information

  • List Price$430,000
  • MLS Number73598432
  • Modification Date11/04/2026
  • Property SubType2 Family - 2 Units Up/Down

Property

  • Acreage0.19

Interior

  • Interior Features Living Room, Kitchen, Laundry Room

Property Information

  • Building Area Source Public Records
  • Living Area 2,484
  • Lot Size Square Feet 8,398
  • Lot Size Units Acres
  • Square Feet2,484

Other

  • Date Listed11/04/2026
  • Farm Land Area Units Square Feet

Map Location

Listed by The Colondres Group of Lock and Key Realty Inc.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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