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42-44 Dearborn St, Springfield MA 01109

$429,900

Estimated $963/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $214,950

Total Rent: 21600/year

Estimated CAP Rate:

9 Bedrooms

Baths

3236

Total Parking: 2

5,001 (0.11)

First Open House this Saturday from 2:00 PM–4:00 PM! Welcome to 42-44 Dearborn Street, a unique and versatile multi-family property in Springfield’s Hill/McKnight neighborhood, offering an excellent opportunity for both owner-occupants and investors. The property features a spacious 5-bedroom owner’s unit spanning the second and third floors, providing plenty of room for comfortable living, entertaining, and additional flexibility. A major advantage for the owner is the paying first-floor tenant, whose rental income helps offset the owner’s monthly costs while allowing the owner to enjoy the expansive upper-level living space. With its combination of rental income and substantial owner-occupied space, this property offers an attractive opportunity to build equity while reducing the overall cost of ownership. Conveniently located near major roadways, local amenities, schools, shopping, and everything Springfield has to offer. Don’t miss this opportunity to own a property that combines rental income, generous living space, and long-term investment potential. Come see it for yourself this Saturday from 2:00 PM–4:00 PM!

This home has been viewed 3 times

Last Checked: September 14th, 2026 at 8:58am (Source: MLS PIN #73563212)

Gross Income: $21,600

Gross Expenses: $3,192

Net Income Calc: $18,408

Annual Expenses for 42-44 Dearborn St, Springfield MA 01109

Total Gross Expenses (Calculated)$3,192/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax3192

Annual Income & Unit Breakdown for 42-44 Dearborn St, Springfield MA 01109

Total Gross Income (Calculated)$21,600

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms6

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit2

Rent IncludesHeat

General Information for 42-44 Dearborn St, Springfield MA 01109

Listing ID73563212

Property TypeMulti Family

Price429900 ($132.85/SqFt)

StyleMulti Family

CitySpringfield

CountyHampden

MLS AreaHill McKnight

Neighborhood(s)

Approximate Living Area Total3236

Approximate Lot Size (Acres)0.11

Total Parking2

Garage Parking0

Year Built1916

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR2

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 42-44 Dearborn St, Springfield MA 01109

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsHot Tub Is Not Staying!

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 42-44 Dearborn St, Springfield MA 01109

Real Estate Taxes3192

Tax Year2025

Assessed Value$203,600

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 42-44 Dearborn St, Springfield MA 01109

Elementary SchoolBenjamin Swan K-5

Middle SchoolStem Middle 6-8

High SchoolPutnam And Sic Tech 9-12

Neighborhood(s)

MLS AreaHill McKnight

Area Amenities

Contact Information for 42-44 Dearborn St, Springfield MA 01109

Agent

Name: Manuel Del Hoyo Castro

Office

Name: Naples Realty Group

Phone: 413-650-1314

Team Members

Name: Manuel Del Hoyo Castro

Payment Calculator

, Interest

Property Taxes 266

Principal & Interest 2648.91

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Naples Realty Group

Manuel Del Hoyo Castro

Agent Phone

Office Phone

(413) 650-1314

Text Agent Call Agent Call Office

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EXIT

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