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!
| MLS # | 73563212 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1916 |
| Days On Site | 10 |
| Listing Provided By | Naples Realty Group | Manuel Del Hoyo Castro |
| Bed(s) | 9 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 3,236 |
| Basement | Y |
| Story(s) | 3 |
| Units | 2 |
| Zoning | R2 |
| Acreage | 0.11 |
| Rooms Total | 15 |
|---|---|
| Interior Features | Living Room, Dining Room, Kitchen |
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
| Roof | Shingle |
|---|---|
| Foundation Details | Block |
| Lot Features | Level |
| Garage Yes / No | No |
|---|---|
| Parking Features | Paved Drive, Off Street |
| Open Parking Yes / No | Yes |
| Utilities | for Gas Range |
|---|---|
| Sewer | Public Sewer |
| Tax Annual Amount | 3192 |
|---|---|
| Tax Assessed Value | 203600 |
| Tax Year | 2025 |
| Senior Community Yes / No | No |
|---|
| State | MA |
|---|---|
| County | Hampden |
| City | Springfield |
| Zip Code | 01109 |
| Area | Hill McKnight |
| School District | Putnam And Sic Tech 9-12 |
| Elementary School | Benjamin Swan K-5 |
| High School | Putnam And Sic Tech 9-12 |
| Listing VS Median (in 01109) | |
Price: $429,900 low | high Med: $318,000 sqft: 3,236 low | high Med: 2,425 $ / sqft: $133 low | high Med: $131 On site: 10 low | high Med: 33 | |
| State | MA |
|---|---|
| County | Hampden |
| City | Springfield |
| Zip Code | 01109 |
| Area | Hill McKnight |
| School District | Putnam And Sic Tech 9-12 |
| Elementary School | Benjamin Swan K-5 |
| High School | Putnam And Sic Tech 9-12 |
| Listing VS Median (in 01109) | |
Price: $429,900 low | high Med: $318,000 sqft: 3,236 low | high Med: 2,425 $ / sqft: $133 low | high Med: $131 On site: 10 low | high Med: 33 | |