45 Monroe St Unit 45R Springfield, MA 01109
Old Hill Neighborhood
8
Beds
2
Baths
2,200
Sq Ft
3,188
Sq Ft Lot
About This Home
As of March 2025Welcome to 45 Monroe Street! This beautifully renovated two-family home offers a fantastic investment opportunity or perfect owner-occupied living. Totally renovated 2 years ago, now refreshed for the new tenants/occupants. Each unit features 4 spacious bedrooms and 1 full bathroom. Recent renovations include a brand-new roof gutters, new windows, and new plumbing and electrical, ensuring peace of mind for years to come. The property also boasts newer furnaces, keeping both units efficient and comfortable year-round. Second floor unit is currently vacant and move-in ready, allowing for immediate occupancy or the opportunity to set your own rent. Whether you’re looking to generate steady rental income on a positive cash flowing property or live in one unit while renting out the other, low maintenance & De leaded this property is a must see! Schedule today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,835
Year Built
- Built in 1898
Lot Details
- 3,188 Sq Ft Lot
Home Design
- Brick Foundation
Interior Spaces
- 2,200 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 8 Bedrooms
- 2 Full Bathrooms
Parking
- 2 Car Parking Spaces
- Shared Driveway
- Open Parking
Community Details
- 2 Units
- Net Operating Income $21,000
Listing and Financial Details
- Total Actual Rent $1,750
- Assessor Parcel Number 2596238
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/28/2025 03/28/25 | Sold | $365,000 | +4.3% | $166 / Sq Ft |
| 03/05/2025 03/05/25 | Pending | -- | -- | -- |
| 02/12/2025 02/12/25 | For Sale | $349,900 | -- | $159 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,816 | $115,800 | $24,200 | $91,600 |
| 2024 | $2,016 | $125,500 | $22,600 | $102,900 |
| 2023 | $1,516 | $88,900 | $21,500 | $67,400 |
| 2022 | $1,157 | $61,500 | $19,600 | $41,900 |
| 2021 | $1,041 | $55,100 | $17,800 | $37,300 |
| 2020 | $887 | $45,400 | $17,800 | $27,600 |
| 2019 | $1,063 | $54,000 | $17,800 | $36,200 |
| 2018 | $1,021 | $51,900 | $17,800 | $34,100 |
| 2017 | $963 | $49,000 | $14,300 | $34,700 |
| 2016 | $851 | $43,300 | $14,300 | $29,000 |
| 2015 | $783 | $39,800 | $14,300 | $25,500 |
Source: Public Records
Agents Affiliated with this Home
-
Xavier Cruz
Seller's Agent in 2025
Xavier Cruz
Fathom Realty
1 in this area
14 Total Sales
-
Johanny Ulloa
Buyer's Agent in 2025
Johanny Ulloa
View Real Estate Group
(978) 475-2111
1 in this area
3 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73334733
APN: SPRI-008760-000000-000047
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