Multi Family at 10 Monroe St, Springfield MA 01109, Springfield
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36 photos

$420,000

10 Monroe St, Springfield MA 01109
Springfield, MA 01109
Listed by Nicole Flamand
Bedrooms
6
Bathrooms
2
Living area
1,910 sqft
Year built
1910

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.

Property details

MLS #
73548440
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
88
On market date
July 12, 2026
Stories
3
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.04 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
William N. DeBerry
0.11 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
236
Student:teacher ratio
8.7:1
District
Springfield
Middle
Springfield Public Day Middle School
0.56 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
38
Student:teacher ratio
3.8:1
District
Springfield
HighCharter
Phoenix Academy Public Charter High School Springfield
0.41 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
175
Student:teacher ratio
19.4:1
District
Phoenix Academy Public Charter High School Springfield (Dist

Walkability

Blended score for Springfield's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

93
Highly walkable
out of 100
EPA National Walkability Index
17.5 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks19
Schools20
Transit stops20
Pharmacies5

Market position

How this listing compares to current activity in Springfield, from live MLS data.

On the market 88 days -- 22 fewer days than Springfield's current average of 110 days.
For reference, the median list price across 723 active listings in Springfield right now is $305,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$2,679/mo
$84,000 down
$336,000 loan
Principal & interest$2,179
Property tax (est.)$350
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 2 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.