
42-44 Dearborn St Springfield — Photo 1 of 27
$429,900
Springfield, MA 01109 — Hill McKnight
Beds
9
Baths
2.5
SqFt
3,236
Style
Multi Family
Built
1916
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!
* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Springfield, MA.
31,124
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
$48K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
52.4%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
359 housing units permitted in the last 12 months (+20% vs the prior 12 months) — 74 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
Listing Agent: Manuel Del Hoyo Castro
Listing Office: Naples Realty Group
MLS® Number: 73563212
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