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Multifamily Property
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For Sale
$429,900

42-44 Dearborn St, Springfield, MA 01109

Walkable multifamily property with documented bike, pedestrian, and transit accessibility.

Property Size3,236 SF
Lot Size0.11 Acres
Price / SF$132.85
Days on Market7

Property Features for 42-44 Dearborn St

General Information

Standard status Active
Size 3,236 SF
Lot size 0.11 Acres
Property subtype Investment

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $3,192

Building Details

Building Size 3,236 SF
Year Built 1916
Stories 3
Units 2
Listing Agency:
Listed By: Manuel Del Hoyo Castro
Source: Elliman
Added: Aug 14 Changed: Aug 17 Last Checked: Aug 20 at 12:10PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Manuel Del Hoyo Castro

Investment Insights

Based on property information with market context.

This multifamily property at 42-44 Dearborn St in Springfield, MA, was constructed in 1916 and contains 3,236 square feet of living area. The residence sits on a 5,001-square-foot lot and is classified in the multifamily property category.

The property has a Walk Score of 80, indicating a Very Walkable setting. Its Bike Score is 59, classified as Bikeable, while a Transit Score of 56 reflects Good Transit access.

Key Highlights

  • 3,236 square feet of living area
  • 5,001‑square‑foot lot
  • Constructed in 1916

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Building Supply Kitchen & Bath Showroom Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

580
Businesses Nearby

Demographics for 01109, MA

30,968
Population
10,786
Households
2.9
Avg Household Size
30
Median Age
17%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
5,735
Density / Sq Mi
$46,821
Median Household Income
$34,971
Median Earnings
$1,112
Median Rent
$203,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Walkable multifamily property with documented bike, pedestrian, and transit accessibility.
Where is this multifamily property located?
The property is located at 42-44 Dearborn St Springfield, MA.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 3,236 square feet of living area; 5,001‑square‑foot lot; Constructed in 1916
More about this property
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