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24 Hiawatha St, Springfield, MA, 01108

7beds
2baths
3,181sqft
$489,900
$154price/sqft
$4,092/moest. monthly cost
$163,680/yrincome needed

About This Home

Rare opportunity to own this spacious two-family home in Springfield’s desirable Forest Park area! 24 Hiawatha St offers strong owner-occupant or investment potential with a flexible layout and recent improvements throughout. Unit 1 features a well-sized 2-bedroom layout and is currently leased at $2,000/month, providing immediate rental income. Unit 2 spans two levels with 5 bedrooms, offering townhouse-style living with room for additional living areas, office space, or rental upside. Unit 2 will be delivered VACANT after 5/15, creating immediate opportunity for an owner-occupant or market rent potential. Recent exterior updates include driveway resurfacing, chimney repairs, and concrete repairs around basement foundation. Property has a Letter of Full Deleading Compliance. Photos taken prior to current tenant occupancy. Conveniently located near parks, schools, shopping, and major routes. A must-see multi-family with size, flexibility, and value!

Getting Around

84
WalkingVery Walkable
61
TransitGood Transit
55
BikeBikeable

Schools

4/10
Washington SchoolGrades PK-50.2 mi
3/10
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Construction

Condition

  • Year built: 1912

Materials

  • Foundation: Brick/Mortar
  • Roof: Shingle

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Wood,Vinyl
  • Number of fireplaces: 2
  • Fireplace: Yes
  • Finished area above ground: 3,181

Interior Area

  • Total structure area: 3,181
  • Total interior livable area: 3,181 sqft

Property

Details

  • Parcel number: 2588553
  • Zoning: R2

Features

  • Patio & porch: Porch

Lot

  • Lot size: 4,918 sqft

Parking

  • Total spaces: 2
  • Parking features: Paved Drive,Off Street
  • Has uncovered spaces: Yes
  • Uncovered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Cold Wave
Hurricane
Heat Wave
Ice Storm
Strong Wind
Winter Weather

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,477$29,724
Home Insurance *$355$4,260
Property Taxes $633$7,596
Electricity $627$7,527
Total$4,092$49,104
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$140,297/yr
40% on housing$122,760/yr
45% on housing$109,120/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.2%
-0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$154This listing

vs Other Active Listings

Avg $/sqft

ZIP 01108$148
Hampden County$187

vs Homes Sold Last Month

Median $/sqft

ZIP 01108$191
Hampden County$227

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-22Listed for sale$529,900
2025-06-30Sold$475,000
2025-05-17Listed for sale$474,900
2025-03-27Sold$250,000
2009-12-08Sold$160,000

For Sale by Agent

AgentFermin Group
BrokerageCentury 21 North East

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