42-44 Dearborn St, Springfield, MA 01109

$429,900 · For sale

42-44 Dearborn St, Springfield

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!

About this address

42-44 Dearborn St is a multi-family home for sale in Springfield, MA 01109 with 3,236 square feet, asking $429,900. It was built in 1916. It has been on our site since October 30, 2026.

At $133 a square foot, it compares with a median of $152 among the 91 other multi-family homes for sale in Springfield with a stated size.

The whole property at this address is assessed at $224,800 for fiscal year 2026. It last sold for $53,500 in December 1999. The assessor lists a lot of 0.11 acres.

It scores 30 out of 100 for walkability, from how close everyday places are.

The closest train or subway stop is Springfield (Amtrak · CTrail Hartford Line and Lake Shore Limited), about 2.2 miles away. The closest bus stop is State / Dearborn (PVTA route B7), about 0.1 miles away.

The closest public schools by level are Springfield Transition Academy (0.4 miles), STEM Middle Academy (0.3 miles) and Springfield High School of Science and Technology (0.3 miles). The district decides which school serves an address.

Listing information from MLS Property Information Network (MLS PIN), MLS #73563212, deemed reliable but not guaranteed. Prices are compared with other homes listed on this site today. Trains and buses come from the transit agencies’ published schedules and schools from the National Center for Education Statistics. Distances are straight-line. Assessed values and past sales are public records from municipal assessors, published by MassGIS. An assessed value is set for taxation and may differ from market value.

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To ask about this home or book a tour, call Benjamin Realty at (617) 734-5050 or email [email protected].