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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.
Old Hill, located between State Street and the Connecticut River, is a historic and residential Springfield neighborhood with hillside streets and a patchwork of brick and clapboard homes. The neighborhood’s character concentrates around the State Street corridor near Mason Square, where corner markets, barbershops, and longtime eateries set a steady, street-level rhythm. Victorian-era houses and early-20th-century multifamily buildings shape the blocks, with mature trees softening the slopes. Footpaths and overlooks in nearby Forest Park add a green counterpoint to the urban grid. Cultural anchors such as the Springfield Museums and Symphony Hall sit close by, with the Basketball Hall of Fame along the riverfront. The setting links daily errands with museum days and park loops without leaning on a car for every trip.
Provided by Walk Score and Local Logic
Offer insights
10 Monroe St · $440,000
$444K and above
75% chance or better to win
Why $444K+ is a strong offer
DAYS ON MARKET
62 days
The average home goes pending in 24 days.
SALE-TO-LIST
102.3%
Most homes are selling 2% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Living room
Kitchen
Total of 10 rooms
Bathrooms
2 full bathrooms
Kitchen
Range
Refrigerator
Laundry & utility
Washer hookup
Electric dryer hookup
Flooring
Wood
Tile
Vinyl / VCT
Heating & cooling
Forced air heating (natural gas)
Two heating units
Window cooling units
Has heating and cooling
Exterior features
Porch
Balcony
Level lot
Paved, public road frontage on a publicly maintained road
Home design
Multi-family property
Three stories
Parking
No open parking spaces
Construction
Shingle roof
Concrete perimeter and brick/mortar foundation
Renovated since original construction
Utilities
Public water
Public sewer
Circuit breaker electric
Gas available for range
HOA & community
Community with public transportation, shopping, parks, medical facility, laundromat, highway access, house of worship, public school access, and university nearby
Not a senior community
Other
Property address: 10 Monroe St, Springfield MA 01109
Building area approximately 1,910 (above grade finished area)
Two leased units (both indicate active leases)
Electricity and solar
View estimated energy costs and solar savings for this home
Don't miss a fabulous opportunity to own this beautiful, well maintained two-family home! First floor currently rented for $1600.00 which would make your mortgage payment affordable first-time homebuyers! This home is also great as an investment property. The first floor has an eat-in kitchen, living room and 3 bedrooms. On the second floor there is also an eat-in-kitchen, living room and 3 bedrooms but the third-floor attic has been converted into a loft style apartment which has an additional 2 bedrooms, and bathroom with kitchen, living room and dining area, which is great for big families or for college students or older family members. This space is unique, stylish and has an exposed brick chimney which gives it character and is vacant! Come check out the property before it's too late! Do not disturb tenant on 1st floor. 2nd floor unit is easy to show!
MLS PIN #72234943
Dec 29, 2017
Sold
$152,337
$80/sq ft
Sep 27, 2017
Listed
$149,900
$78/sq ft
+12
Investors take notice!! A newly renovated located minutes away from downtown Springfield. The exterior features new vinyl siding, a deck and balcony. Each unit contains a large living room, an eat-in kitchen, three spacious bedrooms and a full bathroom. Also, the third floor can be finished with the potential to add three more bedrooms to the second unit. The interior renovations include wood flooring throughout the home, tiling in the bathroom, and newly done paint. Do not miss the opportunity to see this home!
Year
Property tax
Land + Additions
Assessment*
2023
$3,988 (+9.8%)
$19,500 + $214,400
$233,900
2022
$3,632 (+2.3%)
$17,700 + $175,300
$193,000
2021
$3,551 (+3.0%)
$16,100 + $171,800
$187,900
2020
$3,447 (+12.7%)
$16,100 + $160,400
$176,500
2019
$3,058 (+3.7%)
$16,100 + $139,300
$155,400
2018
$2,948 (+77.7%)
$16,100 + $133,700
$149,800
2017
$1,659 (+14.8%)
$12,900 + $71,500
$84,400
2016
$1,445 (+10.5%)
$12,900 + $60,600
$73,500
2015
$1,308 (−24.8%)
$12,900 + $53,600
$66,500
2014
$1,740 (+74.9%)
$15,100 + $73,200
$88,300
2013
$995 (−15.2%)
$15,100 + $35,400
$50,500
2012
$1,174 (−12.5%)
$15,100 + $44,100
$59,200
2011
$1,341
$12,700 + $56,100
$68,800
Public record
Public record
Zoning
Beds
6
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
1,742 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,910
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,910
Year built
1910
Style
Multi-Family (2-4 Unit)
County
Hampden County
APN
2596225
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
BUS A
General Business District
Main Street and pedestrian oriented shopping districts with residential allowed.
Permitted uses
Include but are not limited to:
Agriculture
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Other
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 99° expected this year, 17 days in 30 years
5/10 Wind Factor
25% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Springfield, MA • 01109
Average low and high temperatures (°F)
32
17
35
18
52
31
62
41
70
50
83
61
87
67
83
59
77
55
66
44
52
34
37
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.4 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 10 Monroe St
$433,270
$6,730 under list price of $440K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $355K to $445K.