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42 Florence St, Springfield MA 01105

$375,000

Estimated $1,065.23/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $187,500

Total Rent: 22800/year

Estimated CAP Rate: 4.62%

8 Bedrooms

2 Full Baths

2,462 SqFt

Total Parking: 6 (2 Garage)

9,178 SqFt

42 Florence St. is a well-maintained two-unit property with 4 bedrooms in each unit featuring all-electric heat, new siding, and a new roof, offering low-maintenance ownership and solid long-term value. All new water and sewer lines! One unit is vacant, providing immediate opportunity for an owner-occupant or investor to set market rent, while the second unit is currently rented for built-in income that would pay most of the mortgage. Great opportunity for house hacking or adding a turnkey asset to your portfolio. Convenient location with easy access to local amenities and transit.

This home has been viewed 13 times

Last Checked: January 22nd, 2026 at 5:38pm (Source: MLS PIN #73470809)

Gross Income: $22,800

Gross Expenses: $5,486

Net Income Calc: $17,314

CAP Rate: 4.62%

Annual Expenses for 42 Florence St, Springfield MA 01105

Total Gross Expenses (Calculated)$5,486/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,486

Annual Income & Unit Breakdown for 42 Florence St, Springfield MA 01105

Total Gross Income (Calculated)$22,800

Unit 1

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,900

LeaseY

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 42 Florence St, Springfield MA 01105

Listing ID73470809

Property TypeMulti Family

Price$375,000 ($152.32/SqFt)

StyleMulti Family

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total2,462 SqFt

Approximate Lot Size (Acres)0.21 acres

Total Parking6 (2 Garage)

Garage Parking2 / Detached

Year Built1905

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesOther

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 42 Florence St, Springfield MA 01105

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$22,800

Total Net Income By Broker$22,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 42 Florence St, Springfield MA 01105

Real Estate Taxes$5,486

Tax Year2025

Assessed Value$349,900

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$22,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$22,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.62%

Location Information for 42 Florence St, Springfield MA 01105

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 42 Florence St, Springfield MA 01105

Agent

Name: Pablo Ottenwalder

Office

Name: Premier Choice Realty, Inc.

Phone: 413-200-8642

Payment Calculator

, Interest

Property Taxes 457.17

Principal & Interest 2310.63

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Premier Choice Realty, Inc.

Pablo Ottenwalder

Agent Phone

Office Phone

(413) 200-8642

Text Agent Call Agent Call Office

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EXIT