Investment Analysis — 149 Old Farm Rd

Springfield, MA 01119

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 4-bedroom in 01119 carries an estimated $2,460/mo in gross rent — about a 5.86% cap rate and $17,214/yr in estimated NOI at the $294,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,768

Style

Single Family

Built

1951

Opportunity awaits at 149 Old Farm Rd in Springfield! This 3-bedroom, 1.5-bath home offers incredible potential for homeowners and investors alike. Enjoy the finished enclosed rear room, perfect for year-round entertaining, relaxing, or creating additional living space. The attached one-car garage adds convenience, while the unfinished upstairs area presents the opportunity to create a fourth bedroom, home office, or bonus room to fit your needs.Ideally located just minutes from Springfield College, Western New England University, and American International College, and only about 15 minutes from downtown Springfield, this home is perfectly positioned for an owner-occupant looking to build equity or an investor seeking their next addition to a rental portfolio. Bring your vision, add your personal finishing touches, and unlock this property's full potential!

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: 884 sq ft (the lesser of 900 sq ft or half the 1,768 sq ft principal dwelling). Lot size: 8,250 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.