Active

14 Days on market

154 Ely Ave West Springfield — Photo 1 of 42

$449,900

Investment Analysis — 154 Ely Ave

West Springfield, MA 01089 — Tatham

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01089 carries an estimated $1,910/mo in gross rent — about a 2.73% cap rate and $12,268/yr in estimated NOI at the $449,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,806

Style

Single Family

Built

1920

In the sought-after Tatham section of West Springfield, this beautiful 3-bedroom, 1.5-bath home has the space and character to make an impression. Tall ceilings, hardwood floors and oversized windows bring warmth and natural light throughout. The generously sized living room offers plenty of room to gather, with a pellet stove to cozy up to on cooler evenings. The large dining room, with hardwood floors and crown molding, is ready for everything from weeknight dinners to holiday celebrations. Remodeled in 2024, the kitchen features cherry cabinets, abundant granite counter space and stainless steel appliances. All three bedrooms are oversized, with hardwood floors and walk-in closets. The spacious laundry room offers flexibility for an exercise area, home office or both. The fenced backyard is ready for your next gathering, with a shed for storage and a feature that truly sets this property apart: the former detached garage has been transformed into a bar with speakeasy-inspired style. Imagine friends gathering there, conversation spilling into the yard and an ordinary evening turning into one everyone remembers. A home with personality, generous spaces and a wonderful Tatham location. Roof new in 2023.

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 1,806 sq ft principal dwelling). Lot size: 15,600 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.