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Bean Group
Offered at $405,000Active
beds
6
baths
2
sq ft
1,910
Built
1910

10 Monroe St

Springfield, MA 01109

About this home

Add a strong income-producing property to your portfolio with this two-family home, currently generating $4,800 in total monthly rental income. Leased tenants are in place, with the second-floor unit scheduled to be vacant at the end of October, offering added flexibility for an owner-occupant or investor looking to secure a new tenant at market rent. The low-maintenance yard helps keep upkeep simple and costs manageable. Looking to maximize your return? There is potential to explore the addition of a third-floor unit, subject to obtaining the necessary city permits, approvals, and meeting applicable building requirements.Whether you're an experienced investor looking to expand your portfolio or just getting started in real estate investing, this property offers current rental income and exciting possibilities for future growth. Don't miss this opportunity to invest in your future!

Listing last checked: Listing updated:

Listed by Nicole Flamand · HB Real Estate, LLC · MLS #73548440

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Details at a glance

Interior5 property facts
Rooms
10
Heating
Forced Air, Natural Gas
Cooling
Window Unit(s)
Flooring
Wood, Tile, Vinyl / VCT
Basement
Yes · Full, Interior Entry, Concrete
Building4 property facts
Style
Multi Family
Year built
1910
Foundation
Concrete Perimeter, Brick/Mortar, Other
Roof
Shingle
Land & utilities5 property facts
Lot size
0.04 acres
Water
Public
Sewer
Public Sewer
Pool
Not reported
Zoning
B1
Financial2 property facts
Annual taxes
$4,525
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $405,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$2,425 / monthAdjust
Principal & interest
$2,048
Property tax
$377
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $4,525. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

More property insights

Automated value estimate $441,517

Estimated range $386,412–$496,622.

Automated estimates are not appraisals or guarantees of market value.

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Photo-based condition insights

Overall presentation: average

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About 10 Monroe St

Can I request a private showing?

Request a tour of 10 Monroe St and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.