42-44 Dearborn St, Springfield MA 01109
Springfield, MA 01109 • Hill McKnight
$429,900
Est. $2,640/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
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!
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Recently Sold Nearby
Property History
Market Insights
Property Timeline
Pending Sale
Aug 24, 2026
Offer accepted, sale pending
Listed for Sale
Aug 13, 2026
$429,900
Original listing
Office: Naples Realty Group
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/24/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 08/13/2026 | 🏠 Listed for Sale | $429,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $3,192 | $203,600 |
Financial Details
Annual Property Tax
$3,192
Tax Year 2025
Assessed Value
$203,600
Facts & Features
Home Facts
Type
Residential Income
Style
Multi Family
Year Built
1916
Living Area
3,236 sq ft
Lot Size
0.11 acres
Stories
3
Bedrooms
9
Full Baths
2
Half Baths
1
Total Rooms
15
Investment Metrics
Units
2
Unit 1 Rent
$1,800/mo · Y
Unit 2 Rent
— · N
Total Monthly Rent
$1,800/mo
Gross Income
$21,600
Net Operating Income
$21,600
Cap Rate
5.02%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Interior Entry, Concrete, Unfinished
Laundry
None
Features
Living Room, Dining Room, Kitchen
Exterior
Construction
None
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Paved Drive, Off Street
Total Spaces
2
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$3,192
Assessed Value
$203,600
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Seller Has Never Lived On The Property Is A Licensed Real Estate Agent
Additional Details
Possession
None
Accepted Financing
Lender Approval Required
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Hampden
Total market time (incl. prior listings)
11 days
Property Overview
Property Type
Multi Family
Listing Type
Sale Pending
Year Built
1916
Bedrooms
9
Full Bathrooms
2
Half Bathrooms
1
Living Area
3,236 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,236 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Living Room, Dining Room, Kitchen
Windows:
Basement:
Interior Entry, Concrete, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1916
Structure Type:
Exterior Materials:
Roof:
Shingle
Foundation:
Block
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Total Parking Spaces:
2
Parking Features:
Paved Drive, Off Street
Nearby Schools
School information not available for this location.
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$266
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
Hill McKnight
42-44 Dearborn St, Springfield MA 01109
Springfield, MA 01109
Listing Information
Listing Office
Naples Realty Group
Office Phone
413-650-1314
Agent MLS ID
CN250425
Office MLS ID
AN6415
Listing Data Updated
Aug 24, 2026 1:32 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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