Active
35 Days on market
40-42 Ferris St Springfield — Photo 1 of 34

40-42 Ferris St Springfield — Photo 1 of 34

$400,000

40-42 Ferris St, Springfield, MA 01151

Springfield, MA 01151

Beds

4

Baths

3

SqFt

1,872

Style

2 Family - 2 Units Side by Side

Built

1987

***BUYERS GOT COLD FEET*** Welcome to 40–42 Ferris Street, a well-maintained side-by-side duplex located in the Indian Orchard neighborhood of Springfield. This versatile property offers two spacious units, each featuring 2 bedrooms and 1.5 bathrooms, along with its own private driveway and an attached garage—an uncommon convenience in the area. Both units include individual back decks, perfect for relaxing outdoors or enjoying gatherings on the level lot.Unit 42 received a substantial renovation in 2022, including a fully updated kitchen with granite countertops, subway-tile backsplash, stainless-steel appliances, new flooring throughout the first level, refreshed bathrooms, new doors, updated heaters and thermostats, modern lighting, and fresh paint. The living room also features a wall A/C unit, and the washer and dryer are included. Unit 40 has long-term tenancy and has been well cared for.The property includes updated exterior work such as replaced cedar siding and newly built decks (2022). Both units are served by electric heat, and the home has a sprinkler system in place. Located close to shopping centers, parks, and major conveniences, this duplex offers an excellent opportunity for investors seeking strong rental income or owner-occupants looking for flexibility.**Don’t wait—come see this wonderful property and explore all the potential it has to offer.**

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$214/sqft
Local Avg (Springfield)$195/sqft
10% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Springfield, MA.

Property Details

Financials

Original Price$400,000
Annual Taxes$4,811

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms8
FireplacesNone
Flooring--
BasementFull

Climate & Utilities

HeatingElectric
CoolingWall Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR1

Property & Lot

Acres0.18
SqFt Lot8,002
Lot FeaturesCorner Lot

Amenities & Appliances

Range • Disposal • Refrigerator

Neighborhood

Public Transportation • Shopping

Geography

Population

9,606

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$55K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

53.3%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Hampden County

359 housing units permitted in the last 12 months (+20% vs the prior 12 months) — 74 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: The Hamre Martin Team

Listing Office: Real Broker MA, LLC

MLS® Number: 73561931

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