Investment Analysis — 145 Hancock St

Springfield, MA 01109 — Hill McKnight

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 4-bedroom in 01109 carries an estimated $2,360/mo in gross rent — about a 6.53% cap rate and $18,600/yr in estimated NOI at the $285,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,134

Style

Single Family

Built

1910

Welcome home to a charming Old Style home that seamlessly blends classic character with modern updates, featuring 4 spacious bedrooms, including a highly desirable first-floor bedroom, and 2 full bathrooms on the main level. The main floor boasts formal living and dining rooms ideal for hosting, alongside an updated kitchen with wood cabinets and upgraded countertops. Designed for flexibility, this property offers a comfortable family room plus a separate living space, making it ideal for in-law arrangements, multi-generational living, short-term rental, or hosting extended guests. Key exterior and mechanical highlights include a newer roof for peace of mind, efficient gas heating, a full basement providing substantial storage potential, and a fully fenced yard ideal for recreation, gardening, and pets, all situated close to local amenities, hospitals, schools, MGM, and major transportation routes.

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: 900 sq ft (the lesser of 900 sq ft or half the 2,134 sq ft principal dwelling). Lot size: 5,445 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.