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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!

More Info

Basic Information

  • Gross Income $21,600
  • Listing Terms Lender Approval Required
  • Lot Features Level
  • Mls StatusActive
  • Parcel Number S:03730 P:0008,2580754
  • Rent Includes Unit 1(Water)

Tax Information

  • Tax Assessed Value $203,600
  • Tax Year 2025
  • Taxes$3,192

School Information

  • Elementary SchoolBenjamin Swan K-5
  • High School Putnam And Sic Tech 9-12
  • Junior HighStem Middle 6-8

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces2

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 2.5
  • Bedrooms9
  • Full Bath2
  • Half Baths1

Basic Information

  • List Price$429,900
  • MLS Number73563212
  • Modification Date11/03/2026
  • Property SubTypeMulti Family

Location

  • Address42-44 Dearborn Street
  • Building Number42-44
  • CountyHampden
  • NeighborhoodHill McKnight
  • StateMA
  • StreetDearborn Street
  • SubdivisionHill Mcknight
  • TownSpringfield
  • Zip01109

Building

  • BasementInterior Entry, Concrete, Unfinished
  • Building Area Units Square Feet
  • FoundationBlock
  • Levels 3
  • Patio And Porch Features Porch
  • Rooms15
  • Stories3
  • Units2
  • Utilities For Gas Range
  • Year Built1916
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.11

Interior

  • Interior Features Living Room, Dining Room, Kitchen

Exterior

  • RoofShingle

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,236
  • Lot Size Square Feet 5,001
  • Lot Size Units Acres
  • Square Feet3,236

Amenities

  • Other AmenitiesBasement

Other

  • Date Listed08/13/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Manuel Del Hoyo of Naples Realty Group

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