10 Monroe St, Springfield MA 01109

Springfield, MA 01109
$440,000
$420,000
Est. $2,701/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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6
Beds
2
Baths
1,910
Sq Ft
$220
Price/Sq Ft
0.04
Acres
1910
Year Built
89
Days on Market
For Sale Price Drop -$20,000 Listed Jul 12, 2026 • MLS# 73548440 Copied! • Updated Oct 7, 2026

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About this home

Excellent investment opportunity! This fully rented two-family property offers immediate rental income with leased tenants already in place. The current total monthly rental income is $4,800. The property features a low-maintenance yard, making upkeep simple and cost-effective. An added bonus is the potential to create a third-floor unit, subject to obtaining the necessary city permits and approvals, providing an opportunity to increase future cash flow. Whether you're looking to expand your investment portfolio or secure an income-producing property, this is one you won't want to miss.

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Recently Sold Nearby

Property History

Market Insights

2
Price Changes
4.5%
Price Range

Property Timeline

↓
Price Reduced
Oct 7, 2026
$420,000 $10,000 (-2.33%)
From $430,000 to $420,000 (-2.3%)
↓
Price Reduced
Sep 11, 2026
$430,000 $10,000 (-2.27%)
From $440,000 to $430,000 (-2.3%)
👁️
Showing Instructions Updated
Jul 20, 2026
New showing requirements
🏠
Listed for Sale
Jul 12, 2026
$440,000
Original listing
Office: HB Real Estate, LLC

Tax History

Year Taxes Assessment
2025 $4,525 $288,600

Financial Details

Annual Property Tax
$4,525
Tax Year 2025
Assessed Value
$288,600

Facts & Features

Home Facts

Type Residential Income
Style Multi Family
Year Built 1910
Living Area 1,910 sq ft
Lot Size 0.04 acres
Stories 3
Bedrooms 6
Full Baths 2
Total Rooms 10

Investment Metrics

Units 2
Unit 1 Rent $2,000/mo · Y
Unit 2 Rent $1,800/mo · Y
Total Monthly Rent $3,800/mo
Gross Income $48,000
Net Operating Income $48,000
Cap Rate 11.43%
Heating Forced Air, Natural Gas
Cooling Window Unit(s)
Flooring Wood, Tile, Vinyl / Vct
Appliances Range, Refrigerator
Fireplace None
Basement Full, Interior Entry, Concrete
Laundry Electric Dryer Hookup, Washer Hookup
Features Living Room, Kitchen
Construction None
Architecture None
Roof Shingle
Features Balcony
Pool None
Spa None
Fencing None
Patio/Porch Porch
Features None
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $4,525
Assessed Value $288,600
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Unknown
Seller Disclosures 3rd Floor Attic Space Can Be Converted Into Its Own Space Or Part Of The 2nd Floor With Permits. Buyers/buyer Agent Please Do Due Diligence.. 2nd Floor Only Has Gas Stove Top No Oven. Leases In Place Until January 2027 And October 2026. Multi To Be Purchased As-is.
Exclusions Tenants Personal Property And 1st Floor Washer/Dryer.
Possession None
Accepted Financing Contract
Structure Type []
Sq Ft Source Public Record
Documents None
County Hampden
Total market time (incl. prior listings) 87 days

Property Overview

Property Type
Multi Family
Listing Type
For Sale
Year Built
1910
Bedrooms
6
Full Bathrooms
2
Living Area
1,910 sq ft
Total Rooms
10
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring: Wood, Tile, Vinyl / VCT
Appliances: Range, Refrigerator
Interior Features: Living Room, Kitchen
Windows:
Basement: Full, Interior Entry, Concrete
Laundry: Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1910
Structure Type:
Exterior Materials:
Roof: Shingle
Foundation: Concrete Perimeter, Brick/Mortar, Other
Stories: 3

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 2
Cooling: Window Unit(s)
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features: Level
Road Surface: Paved

Parking & Garage

Parking Features:

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $377
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
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+0.5% Rate
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Cost $0/mo

Payment Over Time

Interest
Principal
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

10 Monroe St, Springfield MA 01109

Springfield, MA 01109

Listing Information

Listing Agent Nicole Flamand
Listing Office Real Broker MA, LLC
Office Phone 413-273-1381
Agent MLS ID CN206929
Office MLS ID AN8754
Listing Data Updated Oct 7, 2026 12:55 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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