Investment Analysis — 15 Alice St

Springfield, MA 01109

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-bedroom in 01109 carries an estimated $1,780/mo in gross rent — about a 7.24% cap rate and $14,112/yr in estimated NOI at the $195,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

530

Style

Single Family

Built

1935

The perfect alternative to condo living! You want your own yard and a garage and no connected walls? This cozy home offers privacy while keeping things simple and easy to care for. A refreshed interior with new paint and flooring throughout, new kitchen appliances, countertops upgraded to solid surface, new bath tile, vanity and toilet. Siding has been replaced on most of home and garage with a new garage door installed and new garage windows. Potential additional living space in basement for rec area . A private fenced yard for gardening or just hanging out. Conveniently located near Central High School, public transportation and highway access.

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: 265 sq ft (the lesser of 900 sq ft or half the 530 sq ft principal dwelling). Lot size: 3,202 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 MLS and other third-party data may be inaccurate or out of date.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.

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