$430,000
74 Oak Street
Springfield, MA, 01151
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!
Property Details
Price:
$430,000
MLS #:
73598432
Status:
Active
Beds:
6
Baths:
2
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
Listed Date:
Nov 3, 2026
Finished Sq Ft:
2,484
Total Sq Ft:
2,484
Lot Size:
8,398 sqft / 0.19 acres (approx)
Year Built:
1913
Units:
2
Schools
Interior
Above Grade Finished Area
2484
Appliances
Range, Refrigerator
Bathrooms
2 Full Bathrooms
Heating
Baseboard, Natural Gas
Interior Features
Living Room, Kitchen, Laundry Room
Levels
2
Exterior
Community Features
Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Conservation Area, Highway Access, Public School
Lot Features
Easements
Open Parking Spaces
4
Open Parking YN
1
Parking Features
Paved Drive
Parking Spots
4
Parking Total
4
Stories
2
Financial
Tax Year
2025
Taxes
$5,106
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Multi Family in Springfield as of Nov 08, 2026
146
Multi Family Listed
112
Avg DOM
155
Avg $ / SqFt
$458,346
Avg List Price
Community
- Address74 Oak Street Springfield MA
- CitySpringfield
- CountyHampden
- Zip Code01151
Subdivisions in Springfield
- 1335
- 16 Acres
- Between Boston Rd & Roosevelt Ave close to I291 & MA PIKE
- Boston Road
- Colonial Hill
- Cozy Corner
- East Forest Park
- East Springfield
- Forest Park
- Forest Park Heights
- Forest Park Historic District
- Hill McKnight
- Historic McKnight
- Indian Orchard
- Liberty Heights
- McKnight
- Pine Point
- Popular East Forest Park Neighborhood w/ a Strong Sense Of Community
- Popular Residential Neighborhood Near New Shops & Restaurants
- Private 16 Acres Neighborhood near the Wilbraham Line in area of exclusive homes
- Sixteen Acres
Similar Listings Nearby
Property Summary
- 74 Oak Street Springfield MA is a Multi Family for sale in Springfield, MA, 01151. It is listed for $430,000 To schedule a showing of MLS#73598432 at 74 Oak Street in Springfield, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Lock and Key Realty Inc.. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
74 Oak Street
Springfield, MA