Active

62 Days on market

15 Garland St Springfield — Photo 1 of 41

$299,900

Investment Analysis — 15 Garland St

Springfield, MA 01118

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01118 carries an estimated $2,380/mo in gross rent — about a 6.07% cap rate and $18,209/yr in estimated NOI at the $299,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,300

Style

Single Family

Built

1925

BACK ON MARKET. BUYER LOST FINANCING.From the moment you pull in, this home just feels welcoming. Step inside to beautifully maintained hardwood floors, sun-filled living spaces, and fresh updates that make it easy to picture yourself here. The layout flows effortlessly from room to room, creating spaces that are equally suited for quiet evenings or gathering with family and friends. The kitchen offers plenty of cabinetry and workspace while overlooking the heart of the home. Outside, enjoy a spacious backyard with room to entertain, garden, or simply unwind after a long day, along with a detached garage and ample off-street parking. Conveniently located near shopping, restaurants, schools, parks, and major commuter routes, this is the kind of home that feels comfortable the moment you walk through the door.

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: 650 sq ft (the lesser of 900 sq ft or half the 1,300 sq ft principal dwelling). Lot size: 5,001 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.