Investment Analysis — 13 Walker Road

Wales, MA 01081

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a home in 01081 carries an estimated $1,380/mo in gross rent — about a 4.04% cap rate and $10,102/yr in estimated NOI at the $250,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,368

Style

Single Family

Built

1962

Investor and contractor opportunity in Wales! This 1962 single-family home at 13 Walker Rd has fire damage and is being sold as-is. It's a chance to rebuild or renovate and add real value. It sits on about 6.3 acre in the R1 residential zone and was a 2-bedroom, 1-bath home with 1,368sqft of living space. The quiet country setting is convenient to Route 19, Route 20 and the Mass Pike. Five minute walk to Lake George and comes with mooring rights. One year old well and three year old septic. It's a good fit for rehab or renovation financing, cash buyers, builders, or anyone looking to create a custom home in a small-town setting. The property may not qualify for conventional financing. Buyers must do their own due diligence on condition, permits, septic, well and insurance.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 684 sq ft (the lesser of 900 sq ft or half the 1,368 sq ft principal dwelling). Lot size: 274,428 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.