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Active Under Contract

40-42 Ferris St, Springfield MA 01151

$400,000

Estimated $1,050/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $200,000

Total Rent: 36000/year

Estimated CAP Rate:

4 Bedrooms

Baths

1872

Total Parking: 8 (2 Garage)

8,002 (0.18)

***BUYERS GOT COLD FEET*** Welcome to 40–42 Ferris Street, a well-maintained side-by-side duplex located in the Indian Orchard neighborhood of Springfield. This versatile property offers two spacious units, each featuring 2 bedrooms and 1.5 bathrooms, along with its own private driveway and an attached garage—an uncommon convenience in the area. Both units include individual back decks, perfect for relaxing outdoors or enjoying gatherings on the level lot.Unit 42 received a substantial renovation in 2022, including a fully updated kitchen with granite countertops, subway-tile backsplash, stainless-steel appliances, new flooring throughout the first level, refreshed bathrooms, new doors, updated heaters and thermostats, modern lighting, and fresh paint. The living room also features a wall A/C unit, and the washer and dryer are included. Unit 40 has long-term tenancy and has been well cared for.The property includes updated exterior work such as replaced cedar siding and newly built decks (2022). Both units are served by electric heat, and the home has a sprinkler system in place. Located close to shopping centers, parks, and major conveniences, this duplex offers an excellent opportunity for investors seeking strong rental income or owner-occupants looking for flexibility.**Don’t wait—come see this wonderful property and explore all the potential it has to offer.**

This home has been viewed 6 times

Last Checked: October 6th, 2026 at 7:53am (Source: MLS PIN #73561931)

Gross Income: $36,000

Gross Expenses: $4,811

Net Income Calc: $31,189

Annual Expenses for 40-42 Ferris St, Springfield MA 01151

Total Gross Expenses (Calculated)$4,811/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax4811

Annual Income & Unit Breakdown for 40-42 Ferris St, Springfield MA 01151

Total Gross Income (Calculated)$36,000

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit2

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit2

Rent IncludesHeat

General Information for 40-42 Ferris St, Springfield MA 01151

Listing ID73561931

Property TypeMulti Family / 2 Family

Price400000 ($213.68/SqFt)

Style2 Family - 2 Units Side By Side

CitySpringfield

CountyHampden

Neighborhood(s)

Approximate Living Area Total1872

Approximate Lot Size (Acres)0.18

Total Parking8 (2 Garage)

Garage Parking2

Year Built1987

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR1

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 40-42 Ferris St, Springfield MA 01151

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSellers Personal Property.

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 40-42 Ferris St, Springfield MA 01151

Real Estate Taxes4811

Tax Year2025

Assessed Value$306,800

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 40-42 Ferris St, Springfield MA 01151

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 40-42 Ferris St, Springfield MA 01151

Agent

Name: The Hamre Martin Team

Office

Name: Real Broker MA, LLC

Phone: 413-273-1381

Team Members

Payment Calculator

, Interest

Property Taxes 400.92

Principal & Interest 2464.67

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Real Broker MA, LLC

The Hamre Martin Team

Agent Phone

Office Phone

(413) 273-1381

Text Agent Call Agent Call Office

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EXIT

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