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    Updated Three-Family Residence Title is generated by Realmo AI

    42 Hall St, Springfield, MA 01108

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    For Sale
    $425,000

    Updated three-family with separate utilities, improved units, and a 2025 roof ideal for investors or owner-occupants.

    Type:3 Family
    Property size:
    3,432 SF
    Price / SF:
    $123/SF
    Added:
    May 30, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 3 at 2:21 am

    Property Features for 42 Hall St

    General Information

    Standard status
    Active
    Size
    3,432 SF
    Property subtype
    3 Family

    Building Details

    Year Built
    1899

    We can help!

    Listing Contact
    Tanya Harvey Group

    Listing agent Tanya Harvey Group

    Listing office Keller Williams Realty

    Listing date May 30, 2026

    Source Lockandkeyre

    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 Keller Williams Realty

    HighLights

    • Updated three‑family (Year built 1899) in Forest Park with separate utilities for each unit
    • Brand‑new roof installed in 2025
    • 2nd- and 3rd‑floor units feature new flooring and updated bathrooms
    • Kitchens in 2nd- and 3rd‑floor units include new custom cabinetry, countertops, a range, and a refrigerator
    • Heating setup: forced‑air gas heat for the lower floors; electric heat for the third floor
    • Fenced yard with a spacious backyard

    Overview

    This updated three-family property offers a strong mix of income potential and owner-occupant flexibility, with several key upgrades already in place. A brand-new roof was installed in 2025. The second- and third-floor units have been significantly improved, including new flooring and updated bathrooms. Their kitchens feature new custom cabinetry, new countertops, and included appliances such as a range and refrigerator. The layout provides three bedrooms on the first and second floors and two bedrooms on the third floor. Each unit has separate utilities, with forced-air gas heat serving the lower floors and electric heat for the third floor. Outside, the vinyl-sided building includes a fenced yard for privacy and a spacious backyard suitable for gatherings.

    The property is located just minutes from Forest Park, with convenient access to local shopping and public transportation. Showings are available by appointment.

    With five total bedrooms across the building and meaningful recent improvements, this home fits well for buyers looking to minimize immediate renovation work. The separate utilities and unit-level bedroom layouts can support a variety of tenant needs, while the combination of indoor updates and outdoor space makes it appealing to owner-occupants seeking rental income alongside a comfortable residence.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5668011
    Latitude
    42.0889411

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    FAQs

    What type of property is this?
    Triplex - Updated three-family with separate utilities, improved units, and a 2025 roof ideal for investors or owner-occupants.
    Where is this triplex located?
    The property is located at 42 Hall St Springfield, MA.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Updated three‑family (Year built 1899) in Forest Park with separate utilities for each unit; Brand‑new roof installed in 2025; 2nd- and 3rd‑floor units feature new flooring and updated bathrooms
    (413) 364-0025
    We can help!
    Listing Contact
    Tanya Harvey Group
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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