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12 Days on market

15 Somerset St East Longmeadow — Photo 1 of 39

$449,900

Investment Analysis — 15 Somerset St

East Longmeadow, MA 01028

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01028 carries an estimated $2,210/mo in gross rent — about a 3.06% cap rate and $13,764/yr in estimated NOI at the $449,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,568

Style

Single Family

Built

1960

Here's the one you've been waiting for!! This beautifully maintained 3 bedroom 2 bath ranch on a nicely manicured lot is ready for new owners! Plenty of room to roam with over 1500 sf on the main level and additional finished space in the basement. Updates include; vinyl siding, newer roof, updated kitchen and bath, added family room, screened enclosed porch,whole house generator, newer HVAC (2 zones) and new hot water tank. All apo. The eat in kitchen features granite counter tops, ample cabinets, tile flooring, gas range, SS refrigerator. The new main bath boasts a nice tiled walk-in shower. There is a formal living room with hardwood floors. All 3 bedrooms have hardwood floors, 2 have wall to wall over the hardwood. When you walk in, there is a large open area currently used as a mudroom, dining room and family room. Step out the French door into the enclosed porch area that leads out into the large rear yard, patio, and deck with gazebo.Not done yet! The basement features approximately 600 sf of heated area, currently used as exercise room, separate laundry room, bathroom with shower, workshop and storage. There's a 2 car garage w door openers, a sprinkler system, and a shed too! Take a look. You'll be impressed! Set up your private showing today.

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: 784 sq ft (the lesser of 900 sq ft or half the 1,568 sq ft principal dwelling). Lot size: 16,350 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.